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The B2B landscape is responsible for around聽$125 trillion of annual money movement.And those B2B payments are working overtime stanley uk in the background to power much of the worlds economy. But even two decades and a handful of years into the 21st century, much of that transaction volume results in headaches for both buyers and suppliers that stem from legacy bottlenecks and frictions slowing down payments and keeping firms in the dark about th stanley website eir day-to-day working capital.Across todays B2B landscape, whenever a B2B payment gets sent, there is often a more streamlined, digital and automated way to do it.聽But the marketplace is starting to catch up with the needs and expectations of B2B businesses in terms of better payments.Thats why PYMNTS tracks all the latest B2B news thats fit to print, and from the transformative impact of B2B virtual cards to a surge in accounts payable AP automation and single source of truth digital transformations, here is the latest.Automated Solutions Give AP a Shot in the Arm Accounts payable AP is a critical aspect of financial management for businesses and refers to the money a company owes to its suppliers and vendors. But many AP programs today are in need of an upd stanley termosky ate 鈥?which is why a host of innovative new solutions designed to streamline the AP function are entering the marketplace.On Tuesday May 7 , Paymerang聽and聽Harris ERP聽announced they have partnered to provide advanced invoice and payment automation solutions to local governments.Followi Wdiv Sabre Expands Offer and Fulfillment Options to Hotels
In corporate finance, Excel spreadsheets is nothing short of a taboo. But a new solution from Bank of America Merrill Lynch is looking to make better use of the notoriously manual tool.The financial insti gourde stanley tution FI 聽announced聽news on Tuesday Oct. 17 that it is deploying artificial intelligence聽 AI and API technology to integrate its solutions directly with Microsoft Excel. Its new tool, CashPro Assistant, includes analyti stanley polska cs and forecasting solutions, which rely on AI and predictive analytics to help corporate customers manage and analyze their banking and financial data.The solution can automatically collect data from CashPro Online and display it into configurable spreadsheets, Bank of America said. Companies are looking to their banks to not just execute financial transactions, but to provide information they can use in a hands-on fashion to inform their decision-making, said Bank of America Merrill Lynch Head of Financing and Channels for Global Transaction Services, Hubert J.P. Jolly, in a statement. Were launching CashPro Assistant in recognition that the services weve created can be valuable to our clients wi stanley us thout the need to pick and choose among them. Our aim is to make it as easy as possible for clients to do business. In addition to the integration with Microsoft Excel, the FI is looking to use APIs to deploy additional tools under the CashPro brand. Hubert J.P. Jolly said that these upcoming solutions will recognize corporates need for an advisor and partner

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