Tagged: automation

Payment Delays, Reconciliation Issues are Key Challenges Due to Supply Chain Disruptions: Accounts Payment (AP) Report

MineralTree, a Global Payments (NYSE: GPN) company and Accounts Payable (AP) and payment automation solution provider, recently released its seventh annual State of AP report. For the first time ever, MineralTree expanded its research “to include suppliers, reflecting the growing importance of vendor relationships to… Read More

Business Payments Firm Bottomline Acquires Nexus Systems

Bottomline, a provider of financial technology that makes business payments simple, smart, and secure, recently announced its acquisition of Nexus Systems, a provider of accounts payable (AP) and payments automation software “for the real estate and property management industries.” The Nexus procure-to-pay (P2P) solution “takes… Read More

Mesh Payments Acquires $60M in Additional Funding to Accelerate Automation for Finance Teams

Mesh Payments, the insight-driven finance automation platform, recently announced $60 million in new financing, “bringing the total amount raised to $123 million.” Alpha Wave leads the equity round “with participation from existing investors, including Tiger Global, TLV Partners, Entreé Capital, and Meron Capital.” The proceeds… Read More

ConnectWise Announces Acquisition of Wise-Sync, a Payment Automation Platform

ConnectWise, which claims to be the world’s leading software company dedicated to the success of IT solution providers, announced it has acquired Wise-Sync, an integrated payment automation platform and “long-term” partner in the ConnectWise ecosystem. The acquisition will pair ConnectWise’s IT solution provider (TSP) software… Read More

Fairmarkit Finalizes $35.6M Series C Round to Help Enterprises Optimize “Tail Spend”

Fairmarkit, the automated sourcing platform that is transforming the procurement of goods and services for enterprises, announced a $35.6 million Series C investment, “bringing its total funding to date to $78 million.” The investment round was “led by OMERS Growth Equity with participation from investors… Read More

Johnstone Supply Selects Billtrust to Support Digital Accounts Receivable Capabilities

Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments provider, and Johnstone Supply, a cooperative wholesale distributor in the HVACR industry, recently announced a strategic collaboration that will “help their 90+ individual Johnstone Business Owners take control of the order-to-cash process.” Billtrust has… Read More

Fintech Ramp Expands Beyond Corporate Cards, Builds Platform Where Businesses Can Finance Bills

Ramp, the first finance automation platform and corporate card designed to help businesses spend less, announced an expansion of its platform that “enables businesses to finance all of their bills in one place.” Bill Pay, its accounts payable automation product, will now “offer businesses the… Read More

OneBanx Selects Know Your Business Solution from PassFort

PassFort, A Moody’s Analytics Company that provides a SaaS Regtech platform that automates anti-financial crime and compliance processes, announced that OneBanx the shared banking innovator, “has chosen to use PassFort’s Know Your Business (KYB) workflow solution to create a seamless onboarding experience for business customers.”… Read More

Fintech Diebold Nixdorf Appoints Joe Myers as EVP of Global Banking

Diebold Nixdorf (NYSE: DBD), a key player in automating, digitizing and transforming the way people bank and shop, announced that Joe Myers has joined the company ‘as executive vice president, Global Banking.” Myers will report directly to Chief Executive Officer Octavio Marquez and will “lead… Read More

Missouri’s Seymour Bank Teams Up with Teslar Software to Streamline Lending Process

The Seymour Bank and Teslar Software announced their partnership “to enhance the bank’s commercial lending strategy, increasing automation, efficiencies and accessibility through Teslar’s lending process automation platform.” Seymour, Mo.-based The Seymour Bank will “use Teslar to better track documentation and monitor exceptions.” They will also… Read More

Lightyear, an Accounts Payable Automation Software App, Introduces Advanced Reporting Engine

Lightyear, the Purchasing and Accounts Payable automation software app, recently announced the launch of an improved Advanced Reporting engine. The Advanced Reporting engine has redesigned the Archive from the ground up, offering a more seamless user interface (UI) that enable accounting and finance teams to… Read More

Zimpler, Gigapay to Offer Instant Payouts for Digital Content Creators

Zimpler, a Fintech company based in Sweden, has partnered with Fintech startup Gigapay in order to offer content creators with a seamless payout management system. Gigapay was reportedly the first to accommodate freelancers without a registered firm and now thanks to their collaboration with Zimpler,… Read More

66% of Finance Professionals Say Company Growth Damaged by Lack of Control, Visibility: Survey

The Age of “Spendlightenment” has dawned, the team at Airbase notes in a blog post. The innovation of spend management has “the power to elevate the work of finance professionals to a higher state of being, one characterized by unprecedented vision, power, and flow.” When… Read More

Financial Software Firm Avivatech Introduces Vault and QDS Capture Solutions for Banking

Avivatech, LLC, a software business specializing in cash and check software automation solutions in branch banking and retail payment environments, has introduced its check product suite of solutions, “comprising of Avivatech’s Vault and QDS Capture solutions.” These solutions work to “provide financial institutions a fully… Read More

Trovata Execs Comment on Role of Open Banking, Variable Recurring Payments, Other Fintech Trends in Banking

Trovata, which automates cash reporting and forecasting via wholesale (and was set for the UK, and EU launch after a $27 million round in June 2022), recently announced the appointment of Lisa Gutu as VP of Business Development and Vladimir Pintea as VP of Open… Read More

Appital Acquires Additional £1.7M Investment led by Frontline Ventures

Appital, the Equity Capital Marketplace, announced it has “secured an additional £1.7 million investment from Frontline Ventures and various angel investors to bring technological innovation and automation to equity markets.” The investment “follows last year’s £2.5m round led by Frontline Ventures and additional funding from… Read More

Lokyata Makes Platform Enhancements to Streamline Decision Automation for Financial Institutions

Lokyata, a company focused on delivering products that digitize, automate, and scale lenders’ credit decisions, has released a number of platform enhancements “to help lenders further automate loan decisioning to save time, minimize manual work, standardize processes, and improve underwriting performance.” The company “sees particular… Read More

DTCC Teams Up with Kingfield to Enhance Corporate Actions Claims Process

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced its subsidiary, The Depository Trust Company (DTC), has “connected its automated ClaimConnect solution to the claims processing platform offered by financial software provider Kingfield Corporation.” The partnership… Read More

BBVA Implements Cloud Solution for Management of Environmental Data

BBVA has implemented a comprehensive cloud-based solution that “simplifies the process of sending and validating information, providing carbon footprint indicators and emission reduction tracking figures.” It is a platform that will “enable active, data-driven management of its sustainability policies.” Sustainability is one of the transforming… Read More

Data Management, AI Automation Tools Are Top Investment for Financial Firms, Broadridge Survey Reveals

Investing in tech to optimize data and modernize data management are the “top priorities” for financial services firms according to research by Fintech Broadridge Financial Solutions, Inc. (NYSE:BR). The research was “compiled from a survey of 200 financial services professionals, conducted at the recent SIFMA… Read More

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