What Does the Future Hold for AP Automation?
For many enterprises, the accounts payable (AP) function is one of the last bastions of manual processes. Invoices in these organizations are still approved by hand, with paper checks sent…
Payables News Weekly: Password Eradication and Starbucks Possibly Entering Mobile Payments
The past week has seen much in terms of news interesting to accounts payable and financial operations professionals. Today, for example, we find out that Japan has sunk back into…
Compliance Management and a Payments System Shutdown: What You May Have Missed on Payables Place
Welcome to another edition of the biweekly roundup of Payables Place articles, devised to recognize that not everyone will catch our news and thought pieces on the day it launches.…
A Lesson in Financial Risk from the Bank of England’s Payments Collapse
On October 20, the Bank of England’s Real-Time Gross Settlement (RTGS) system was halted for roughly 10 hours. From 6 am to 3:30 pm London time, absolutely no interbank or…
Payables News Weekly: Europe Simplifies Bank Accounts, Africa Looks for Factoring, and More
Today is Veterans Day in the U.S., Remembrance Day in the U.K and Canada, and Armistice Day in France and other nations—the day when we honor the signing of the…
How Virtual Payment Cards Can Help Optimize Working Capital
The working capital optimization process is a critical challenge for the modern enterprise. This is no surprise as the working capital management workflow involves a delicate balance between holding onto…
3 Ways Suppliers Benefit from Virtual Payment Cards
The benefits that virtual payment cards provide to buyers are expressed quite well in vendor marketing materials, as well as in several previous articles here at Payables Place. What’s not…
Payables News Weekly: Concur and Rogue Travelers, China and Payments, and Chip-Based Cards’ Security Promise
Candy has been handed out to costumed children, the jack-o-lanterns have been thrown away, and Halloween is over for another year. The next holiday, here in the U.S. at least,…
Travel & Expense and Virtual Payment Cards, Ahoy: What You May Have Missed on Payables Place
Happy Halloween! Did you know that the New York Halloween Parade in Manhattan’s Greenwich Village is the only major night-time parade in the United States? It also turns 40 years…
What are Virtual Payment Cards?
It’s a safe bet that commercial cards are, if not common knowledge, then at least easily recognizable in the business world. The venerable purchasing card (p-card) has existed since the…