Latest news with #accountsPayable
Finextra
6 days ago
- Business
- Finextra
Global Payments and Sage launch vendor payments platform
Global Payments Inc. (NYSE: GPN) announced today that its MineralTree business, which provides modern, secure, easy-to-use accounts payable (AP) and payment automation solutions, and Sage, a leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), launched a vendor payments solution built directly within Sage Intacct. 0 The solution, Vendor Payments powered by MineralTree, gives finance teams a seamless way to pay vendor bills without ever leaving their Sage Intacct instance. The new solution is designed for ease, security and control, addressing the complexity of managing payables across disconnected systems. With the capability to initiate payments from within Sage Intacct, AP teams can eliminate syncing delays and the need for separate logins, additional bank accounts and middleware. 'With so many finance teams overwhelmed by disconnected tools, our goal was to embed payments into the software they already use every day,' said Brian Greehan, head of B2B solutions for Global Payments. 'This offering is about more than convenience. It's about embedding payments seamlessly into the workflow so businesses can operate with more control, speed and confidence at a time when efficiency and cash flow visibility are critical.' Solving real problems for finance teams Vendor Payments powered by MineralTree addresses long-standing pain points in accounts payable, such as fragmented tools, lack of visibility and inefficient manual workflows. By embedding payments directly into Sage Intacct, the solution enables: • Payments from customers' existing bank accounts via ACH, virtual card, and check • Direct debit funding for faster payment settlement and easier reconciliation • Support for existing workflows, including multi-entity environments, approval rules, credits, discounts and PO matching • Real-time visibility into payment status within Sage Intacct • Cash-back rebates on virtual card spend • Fast and frictionless onboarding 'Finance teams want simplicity and efficiency - everything in one place,' said Dan Miller, EVP Financials and ERP Division at Sage. 'Embedding payments directly into Sage Intacct lets teams seamlessly approve and pay bills without switching systems, creating smoother workflows and freeing time for strategic tasks. This demonstrates how strategic collaboration within our partner ecosystem delivers impactful solutions that drive real results.' Vendor Payments powered by MineralTree is a model for how embedded payments can evolve to meet the broader needs of today's finance teams. Initially focused on Sage Intacct, Global Payments' solution offers potential for expansion to other platforms where finance teams already work, creating a foundation for broader adoption and continued momentum.
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Invoice Processing Automation Drives Vendor Payment Innovation as IBN Technologies Supports U.S. Firms
Invoice Processing Automation is reshaping how U.S. companies handle supplier invoices and payments. By automating manual tasks, businesses reduce errors, speed approvals, and improve transparency. Firms like IBN Technologies provide advanced solutions that streamline invoice capture, validation, and workflow management, enhancing financial control and compliance. Automation is now essential for scalable, efficient accounts payable processes. Miami, Florida - 27 May, 2025 - Operations nowadays demand greater speed and accuracy because companies are managing a rising volume of supplier invoices from multiple sources. Coordinating billing across departments, locations, and vendors has become a routine part of financial operations, requiring systems that can keep pace with day-to-day demands. As a result, invoice processing automation is gaining momentum as organizations seek more structured and scalable solutions to handle this complexity. To keep operations running smoothly, organizations across the United States are turning to digital tools that support Financial Excellence with Intelligent Process Automation. These systems are designed to streamline how invoices are received, reviewed, and approved, bringing structure and clarity to accounts payable tasks. With automation, businesses can handle high volumes of invoices more efficiently, maintain consistency across their processes, and stay better organized. As financial teams look for smarter ways to manage daily workloads, automation is becoming a key part of how companies operate behind the scenes. Manage Finances with Experts automation and connect Today! Get a free consultation: Manual Invoice Processing Challenges Many companies in the U.S. still rely on manual invoice handling, and it's creating real problems. Without automation, teams spend too much time on repetitive tasks, which slows down operations and opens the door to mistakes. Keeping track of invoices and approvals can become a confusing, drawn-out process that impacts payment accuracy and vendor relationships. Common Issues Include: Spending too many hours on manual data entry Mistakes like duplicating or lost invoices Slow approvals causing late payments Difficulty knowing where invoices are in the process Lack of clear visibility into spending and cash flow Problems during audits due to messy records Different teams following inconsistent procedures Trouble keeping up when invoice volumes increase Some companies have moved past these struggles by using automated solutions. Firms like IBN Technologies have helped businesses clean up their processes, reduce errors, and get better control—making invoice handling faster, clearer, and easier to manage. Invoice Processing Automation Solutions To address the widespread challenges in manual invoice processing, IBN Technologies offers a comprehensive invoice process automation solution tailored to meet these demands. Their platform streamlines every step of the invoice lifecycle, reducing errors and accelerating workflows. With expertise in automation, IBN helps organizations gain greater control, transparency, and efficiency in managing accounts payable. Automated data captured from invoices using intelligent OCR technology Real-time invoice validation to minimize errors and duplicates Seamless routing for multi-level approval workflows Centralized dashboard for tracking invoice status and payments Integration with existing ERP and accounting systems for smooth data flow Automated exception handling to resolve discrepancies quickly Enhanced audit trails to ensure compliance and transparency Scalable processes designed to handle increasing invoice volumes efficiently Through these solutions, IBN Technologies empowers businesses to streamline invoice processing, improve accuracy, and reduce operational costs—making invoice automation a strategic advantage in today's financial landscape. 'Strong financial operations create workflow stability while giving office teams the precision required to meet vendor timelines and compliance standards,' shared Ajay Mehta, CEO at IBN Technologies. Proven Expertise in Invoice Automation A U.S. government agency responsible for managing natural resources streamlined its financial operations by adopting invoice process automation. This strategic shift enhanced internal workflows and reduced delays in accounts payable. The agency automated 90,000 invoices annually, achieving a 75% reduction in invoice cycle times. Automation improved compliance, increased transparency, and strengthened vendor relationships. These results reaffirm IBN Technologies' ability to deliver high-impact automation that reduces processing friction while enabling better control, cost visibility, and operational performance. Future-Ready Finance Strategy With the increasing adoption of an invoice automation system, organizations are reassessing how financial operations are structured. The focus is shifting from transactional management to strategic process alignment. Businesses now see process automation as a way to create consistency, reduce administrative effort, and support audit readiness across departments. Companies like IBN Technologies provide frameworks that help finance teams meet these expectations without disrupting existing systems. Their solutions are built to improve invoice accuracy, shorten approval cycles, and deliver real-time visibility into payables. As automation capabilities grow, businesses investing in practical, well-supported systems are gaining the confidence to scale operations with improved financial control and compliance. Related Service: AP and AR Automation Services: 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 AR efficiency and growth. 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:
