Latest news with #AccountsPayable
Business Wire
5 days ago
- Business
- Business Wire
OatFi Raises $24M to Build the Modern Credit Network for B2B Payments
NEW YORK--(BUSINESS WIRE)--OatFi, the API-first fintech infrastructure company modernizing how B2B payments are financed, today announced it has raised a $24 million Series A led by White Star Capital, with continued participation from existing investors Portage and QED. OatFi solves one of the most fundamental pain points in B2B commerce: payment terms. By embedding its underwriting, origination, and funding capabilities directly into B2B payment platforms within their Accounts Payable (AP), Accounts Receivable (AR), and commercial charge card workflows, OatFi enables platforms to facilitate B2B transactions with built-in financing at the point where it's needed most. 'B2B payments are not just a money movement challenge—they're a data and workflow challenge,' comments Michael Barbosa, Co-founder & CEO of OatFi. 'That's why we've focused on deep API integrations that offer working capital solutions within the platforms that businesses already rely on to pay and get paid.' The company's API-first approach is purpose-built for integration into the existing workflows of AP/AR systems, issuer processors, and payment platforms. OatFi already counts leading infrastructure players like Unit, Transcard, and Galileo as partners, and has integrated with over 25 platforms over the past three years. In traditional B2B transactions, buyers and suppliers often operate on opposing cash flow incentives. Suppliers seek fast post-delivery payments to recover working capital, while buyers look to delay payments to preserve operating cash and liquidity. This fundamental misalignment has historically relied on outdated solutions like checks, or required suppliers to act as de facto lenders to their customers. OatFi solves this problem with a modern set of APIs that provides a seamless, behind-the-scenes credit layer that delivers the real-time underwriting, ledger and capital to facilitate these transactions. Through OatFi's APIs, parties on both sides of the transaction can operate on their terms without compromising working capital. 'Payment terms determine a business's cash flow conversion cycle—regardless of size,' Barbosa added. ' We're solving this problem where it matters most: at the point of invoicing and payment.' 'OatFi isn't a 'cherry on top' for B2B payment companies looking to unlock a new revenue stream,' said Eddie Lee, General Partner at White Star Capital. 'It delivers a table-stakes product that enables trusted B2B transactions in a world moving rapidly online. First-generation fintech lenders offering MCA products helped support merchants serving consumers. OatFi is helping platforms facilitate commerce between businesses, where the stakes—and the volumes—are even higher.' With this funding, OatFi will accelerate product development and integrations across AP, AR, and payments infrastructure providers – advancing its mission to build the modern credit network powering the $35 trillion in annual US B2B payments. About OatFi OatFi is building the modern credit network for B2B payments. Through API-first integrations with AP, AR, and commercial charge card platforms, OatFi enables financing at the point of transaction, solving payment term mismatches between businesses and facilitating more efficient business cash flow. For more information, visit
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Invoice Processing Automation Drives Utah Business Growth with IBN Technologies
"Invoice Processing Automation (USA)" Invoice Processing Automation is revolutionizing how Utah businesses manage vendor invoices and payments. By automating manual tasks, companies reduce errors, speed up approvals, and increase financial transparency. IBN Technologies provides customized automation solutions that streamline invoice capture, validation, and approval workflows—helping Utah firms achieve scalable, accurate, and efficient accounts payable processes. Miami, Florida - 27 May, 2025 - Increasing invoice volumes from various suppliers' challenge companies to synchronize billing and payment workflows efficiently. Organizations require flexible solutions that can maintain accuracy and speed amid growing demands. The rise of invoice processing automation provides a powerful means to address these financial complexities. Utah businesses are embracing Financial Excellence by integrating Intelligent Process Automation into their invoice management systems. These technologies automate critical steps in invoice review and authorization, enhancing clarity and consistency while enabling teams to handle increased workloads effectively. Manage Finances with Experts Automation and Connect Today! Get a free consultation: Manual Invoice Handling Issues In Utah, many businesses still face challenges stemming from manual invoice processing. Without automation, teams get bogged down in repetitive tasks that hinder efficiency and increase risks of error. The lack of process visibility makes approvals confusing and payments vulnerable to delays. Time-consuming manual data entry Mistakes like duplicated or lost invoices Delayed approvals impacting payment schedules Limited tracking of invoice progress Insufficient clarity on expenditures and cash flow Problems with audits caused by inconsistent records Different teams using varying procedures Difficulty scaling with rising invoice numbers Some Utah firms have overcome these obstacles by embracing automation. Solutions offered by companies like IBN Technologies help streamline invoice workflows, reduce inaccuracies, and bring better control to financial teams. Improved Accounts Payable Flows Finance teams in Utah are shifting toward digitized invoice handling to meet today's operational expectations. IBN Technologies offers invoice processing automation solutions designed to support consistency, speed, and visibility throughout accounts payable cycles. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1-844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:
Globe and Mail
16-05-2025
- Business
- Globe and Mail
IBN Technologies AP Automation Services Drive Real-Time Financial Transformation Across the U.S.
"AP Automation Services (USA)" As U.S. businesses seek efficiency in finance operations, IBN Technologies is driving the adoption of real-time AP automation. Their scalable solutions eliminate manual workflows, boost accuracy, and enhance vendor relationships. Designed for modern enterprises, IBN's tools provide fast, secure, and cost-effective automation—turning AP into a strategic asset that fuels business growth. Miami, Florida, 13 May 2025 - As businesses across the United States pursue greater efficiency and control over financial operations, the demand for robust AP automation services is at an all-time high. The shift from manual invoice processing to intelligent accounts payable automation process is transforming traditional finance departments into strategic contributors to business growth. This accounts payable automation solutions are empowering business owners, financial leaders, and accounting heads to gain real-time visibility, improve accuracy, and streamline operations without the inefficiencies of legacy systems. Companies like IBN Technologies provide advanced AP automation tools that effectively scale business needs. Designed for modern enterprises, their solutions are distinguished by their enterprise-grade features, cost-effective models tailored for U.S. businesses, unmatched reliability, and high-level data security. By streamlining traditional workflows and eliminating complexity and delays, they ensure businesses manage high-volume accounts payable operations with precision and efficiency. Automate AP and boost efficiency instantly. Book your Free Consultation: Key Challenges Faced by Businesses Without AP Automation Despite technological advancements, many organizations struggle with the outdated manual accounts payable workflows. These challenges include: Paper-based and spreadsheet systems are prone to human error, resulting in duplicate entries, delayed payments, and disrupted cash flow, which can harm supplier relationships. Disorganized approval chains slow down invoice processing, create confusion among teams, and reduce overall accountability. Scaling manual workflows becomes increasingly difficult as invoice volumes grow, often requiring additional staff to keep up. Disconnected finance and procurement systems make it harder to track transactions, leading to inefficient audits and reduced visibility. Lack of automation exposes sensitive financial data to fraud risks and significantly extends the time required for audit preparation. IBN Technologies' AP Automation Capabilities IBN Technologies has developed comprehensive accounts payable automation solutions that address the above challenges with precision and business logic. Key highlights of their platform include: ✅ Invoice Data Capture and Validation: Automated systems seamlessly extract and verify data from both digital and scanned invoices. With built-in rule engines and cross-platform referencing capabilities, the process ensures data accuracy while reducing manual input errors. ✅ PO-Based Invoice Matching: AP Automation tools reconcile purchase orders with incoming invoices in real time, eliminating the need for manual oversight. This ensures faster processing cycles and prevents discrepancies in financial records. ✅ Invoice Approval and Routing: Smart routing engines direct invoices to the right individuals or departments based on predefined business rules. This reduces approval delays and boosts accountability across all finance functions. ✅ Payment Processing: Automated payment modules send timely alerts and reminders, ensuring deadlines are met consistently. This minimizes the risk of late fees and strengthens vendor confidence. ✅ Vendor Management: A centralized platform for vendor interactions simplifies communication, tracks transaction histories, and supports faster query resolution. The result is improved vendor satisfaction and less administrative overhead. ✅ Workflow Standardization: Consistent and policy-driven workflows are enforced across all locations, helping organizations maintain compliance and operational efficiency. Automation ensures uniformity in processes regardless of geographical spread. AP Automation in Action: A Game-Changing Transformation By implementing intelligent AP automation, the real estate and property management firm transformed its financial operations. Key outcomes included: • An 86% reduction in AP approval times, accelerating invoice processing and enhancing cash flow efficiency • A 95% decrease in manual data entry, boosting data accuracy and freeing teams to focus on strategic initiatives These accounts payable automation case study results highlight the power of Automated Real Estate AP Processes to deliver measurable impact, reduce costs, and drive operational excellence. Seamless Automation: The Future of Accounts Payable As businesses across the U.S. continue to adopt digital-first strategies, the need for scalable, secure, and intuitive accounts payable automation solutions becomes paramount. Platforms that deliver measurable value—reducing costs, improving compliance, and enhancing visibility—are essential for business growth. With customized features for growing businesses and reliable integration capabilities, financial teams are shifting from labour-intensive workflows to smart automation that fuels performance. IBN Technologies provides AP automation services specifically designed for modern finance departments. By aligning technology with practical business needs, their solutions deliver faster approvals, enhanced controls, and a streamlined accounts payable process. These services reduce manual effort, improve accuracy, and provide greater visibility across the entire AP lifecycle, supporting operational efficiency and consistency. Related Services: Intelligent Process Automation: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Yahoo
14-05-2025
- Business
- Yahoo
Nuvei enters cloud payments alliance with Quadient
Automation company Quadient has forged a technology alliance with Nuvei to help businesses improve their cloud payment capabilities. The collaboration integrates Nuvei's payment processing technology with Quadient's cloud-based Accounts Receivable (AR) and Accounts Payable (AP) automation solutions. This said to offer a secure platform for managing business-to-business (B2B) payments. Quadient's enhanced cloud-based platform, which facilitates AR and AP automation in multiple currencies and payment methods to businesses across North America, the UK, and Europe. The integration brings capabilities including customer onboarding, pay-ins and payouts, and risk management. Quadient's updated platform aims to assist businesses in navigating the complexities associated with cash flow management, standardising payment terms, and transitioning from traditional manual processes to streamlined, digital workflows. Quadient Digital chief solution officer Chris Hartigan said: 'We're excited to be able to offer our customers globally a solution that goes beyond just automating payments. We're empowering businesses to modernise and take control of their financial processes. 'With our cloud platform, we're helping businesses streamline workflows, gain deeper financial insights, and build stronger relationships with customers and suppliers, driving efficiency and sustainable growth to succeed in an increasingly digital and regulated marketplace.' Nuvei chair and CEO Philip Fayer said: 'Nuvei B2B technology partners, such as Quadient, provide customers with full-stack, enterprise-grade solutions that optimize payments and deliver a superior payment experience. By integrating our advanced payment processing technology into Quadient's cloud platform, we're enabling businesses to seamlessly manage transactions across multiple currencies and payment methods through a single, unified solution. We look forward to supporting Quadient as it empowers its customers with customised solutions to accelerate their growth.' In January , Nuvei acquired Paywiser Japan, including its licence from the Japanese Ministry of Economy, Trade and Industry. "Nuvei enters cloud payments alliance with Quadient " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
13-05-2025
- Business
- Business Upturn
Quadient and Nuvei Sign New Partnership to Enhance Cloud Payment Capabilities for Businesses Globally
The partnership supports seamless, secure payments through Quadient's AR and AP solutions for businesses across North America, the UK and Europe Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, and Nuvei, a leading global payments company, today announced a strategic technology partnership to enhance cloud payment capabilities for businesses globally. Through this partnership, Nuvei's advanced payment processing technology is now integrated into Quadient's cloud-based Accounts Receivable (AR) and Accounts Payable (AP) automation solutions, providing businesses of all sizes across North America, the UK, and Europe with a unified platform to manage B2B payments more efficiently, securely, and at scale. With the integration of advanced global payments capabilities, Quadient is tackling a major challenge in the fast-evolving $120 trillion global B2B payments ecosystem, where more than half of small and midsize businesses still rely on fragmented systems to manage financial transactions1. Quadient now offers a unified, scalable cloud-based platform that automates AR and AP across multiple currencies, payment methods and regions. By integrating capabilities such as customer onboarding, pay-ins and payouts, and risk management, Quadient helps businesses navigate the complexities of cash flow management, align payment terms, and transition from manual, fragmented processes to streamlined digital workflows. 'We're excited to be able to offer our customers globally a solution that goes beyond just automating payments. We're empowering businesses to modernize and take control of their financial processes,' said Chris Hartigan, chief solution officer, Digital, Quadient. 'With our cloud platform, we're helping businesses streamline workflows, gain deeper financial insights, and build stronger relationships with customers and suppliers, driving efficiency and sustainable growth to succeed in an increasingly digital and regulated marketplace.' Philip Fayer, Nuvei Chair and CEO, added: 'Nuvei B2B technology partners, such as Quadient, provide customers with full-stack, enterprise-grade solutions that optimize payments and deliver a superior payment experience. By integrating our advanced payment processing technology into Quadient's cloud platform, we're enabling businesses to seamlessly manage transactions across multiple currencies and payment methods through a single, unified solution. We look forward to supporting Quadient as it empowers its customers with customized solutions to accelerate their growth.' About Quadient® Quadient is a global automation platform powering secure and sustainable business connections through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journey, unlocking operational efficiency and creating meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME investing. For more information about Quadient, visit About Nuvei Nuvei is a global leader in B2B payments. It offers modern, future-proof technology that empowers customers to accept frictionless payment methods, unlock new revenue opportunities, and enhance the value of existing software —all in one seamless solution. For more information, visit Media Contacts Joe Scolaro, QuadientGlobal Press Relations Manager+1 203-301-3673 [email protected]
