Blockchain Takes The ‘Commodity’ Out of BaaS; Smartbots Now Answer AR/AP Emails; Two-Thirds of Firms Have AP Refresh on 2023 Agenda
 

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September 26, 2022

       BUSINESS-TO-BUSINESS EDITION

AP Automation

Two-Thirds of Firms Plan to Automate Routine AP Tasks in Next 12 Months

Eleven percent of firms are currently innovating their AP systems and another 58% plan to start doing so within 12 months, according to “ERP Solutions in B2B Payments,” a PYMNTS and American Express collaboration.

 

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Accounts Payable

Automation Solves Primary Pain Point for 70% of SaaS Firms

A PYMNTS survey of 225 SaaS firm executives for “The Financial Performance Quandary: Leveraging Automation To Better Manage Non-Payroll Spending” found that lackluster visibility and control over non-payroll spending is a key business challenge — one that automation is primed to solve.

 

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Banking-as-a-Service

With Blockchain, Banking-as-a-Service Leaps From Commodity to Capital Access On-Ramp

Figure Technologies CEO Mike Cagney tells Karen Webster that BaaS can do more than enable digital checking and savings accounts. With the right technologies in place (including blockchain) community banking relationships can be expanded to ease fledgling businesses’ access to capital.

 

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