Ardent’s P2P Technology Round-Up returns today with another assortment of ePayables, P2P, and B2B payment solution provider news and updates from the past week. If you are an Accounts Payable, B2B Payments, or Spend Management solution provider and you have news to share with us, please drop us a note at editor at cporising dot com. Thanks, and enjoy!
Tipalti Launches NetNow to Accelerate Payments
Earlier this month, Tipalti, a global payables automation platform with headquarters in San Mateo, California, announced a new accelerated supplier payments offering called NetNow. The NetNow solution is now available as a seamless element of the Tipalti AP solution to improve Tipalti’s clients’ supply chain relationships and financial health. By leveraging Tipalti, customers will now be able to offer an option to suppliers that provides timely access to cash without any additional paperwork or process change. Customers should benefit from better supply chain health and supplier relationships as a result. The additional value created by allowing suppliers to access NetNow’s accelerated payments helps finance teams maintain net payment terms or even consider extending them, providing working capital benefits. For payees. NetNow accelerated payments can be used to reinvest back into their businesses, to expand product lines, fund inventory, and grow sales teams, among other possibilities. Additionally, while many other solutions require payees to accept all payments early, with NetNow, payees can also choose on a payment-by-payment basis if they would like to take advantage of the offering.
AvidXchange and SAP Concur Launch Strategic Partnership
Charlotte-based AvidXchange, a provider of invoice automation and payment processes for mid-market companies, has recently announced a new strategic partnership with SAP Concur, the expense and invoice management solution provider. Through this partnership, SAP Concur Invoice customers in the US will be able to process electronic payments through the AvidPay Network of 500,000+ suppliers. Concur customers should now be able to offer multiple payment options to vendors including virtual cards and AvidPay Direct, among others. Integration between Concur and AvidXchange through an integrated platform offers customers better visibility into approvals and will help speed up the transfer of funds. SAP Concur customers will be able to better manage the AP process, optimizing cash flow and spending through better insight across the entire P2P lifecycle. Customers will have access to the AvidXchange integration via the SAP Concur App Center. The Concur Invoice customers will also have access to AvidXchange Supplier Services, which includes a dedicated team of employees that help vendors transition to ePayments.
Basware Adds Integration and Automation Capabilities to Purchase Manager
Last week, Basware, a global leader in networked source-to-pay solutions, e-invoicing, and innovative financing services, announced a new release of its Purchase Manager tool. The release includes several enhancements and new features that continue the tradition of product improvement and innovation. The updates include the launch of Basware Access, where all applications are accessible in a consolidated view with single sign-on. Also included is the integration of the solution’s supplier self-service catalog management feature with the Purchase Manager tool. Purchase Manager will be integrated with the Basware Network via APIs. Basware also announced improvements to support global organizations that are parent to multiple operating companies that require company level autonomy and configuration with parent level control and visibility.
Download the ePayables Technology Advisor Today
Are you an AP or finance professional currently navigating (or looking to navigate) the ePayables provider landscape? If so, consider download The 2019 ePayables Technology Advisor report. This report analyzes and assesses the primary ePayables solution providers in the marketplace today and is designed to serve as a resource in 2019 for AP organizations seeking to automate and transform their invoice and payment processes. Readers will be able to use this report to identify, and ultimately select the ePayables solution that best aligns with their specific requirements and budget. Click here to download your copy today!
