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…
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…
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…
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…
3 Benefits of Virtual Payment Cards You Might Not Know
Commercial cards are an established fact of business life, with all the varieties credit card issuers provide. There are fleet cards, purchasing cards, travel cards, ONE cards, meetings cards, and…
Ariba Pay, Compliance, and Complex Spend: The Past Two Weeks of Payables Analysis
We covered a lot of ground on Payables Place in the past two weeks; from travel and expense management goals, through the CFO’s viewpoint on the travel and expense market,…
Basware Pay Offers New Method to Counteract Late Payments
For many years, payment systems existed as an afterthought for other ePayables (accounts payable automation) systems. That all changed in the last few years, with more and more AP-driven RFPs…
AribaPay Looks to Simplify, Improve B2B ePayments
It’s an acknowledged fact that ePayments are more efficient, faster, and less prone to fraud than paper checks. However, as we’ve said numerous times, one of the biggest problems with…
Traxpay Raises $15 Million Series B Funding; Inks MasterCard Partnership
B2B ePayments provider Traxpay announced today the close of a $15 million Series B funding round. The reportedly oversubscribed round included Software AG and banking powerhouse Commerzbank; early investors also…