ADP on navigating payroll card compliance, BNP Paribas loops into SWIFT gpi, and Klearstack tackles unstructured data in accounts payable
| | | | BUSINESS-TO-BUSINESS EDITION | | Accounts Payableâs Unstructured Data Problem The digital migration has back offices managing data in a range of formats, creating an environment of complexity and lack of visibility. According to KlearStack Founder and CEO Ashutosh Saitwal, accounts payable (AP) departments often feel this pain more acutely than others, with unstructured invoice data creating workflow bottlenecks and payment delays. He told PYMNTS how firms can detangle the AP data web by thinking outside the box. |
| Organizations Strategize Supplier Payments To Boost Cash Positions Across industries and across the globe, industry experts continue to raise concerns about shifting B2B payment habits â often to the detriment of small vendors. But some analysis suggests that supplier payment strategies are in flux to better support the working capital positions of corporate buyers, with analysis finding that billions of dollars could be better optimized by the accounts payable department. |
| | Pay Card Compliance | | ADP: Pandemic Prompts Firms To Replace Checks With Pay Cards Plenty of companies still pay employees with paper checks, but the pandemic is making that hard to do. Laura Valdespino, director of compliance solutions at payroll processing giant ADP, tells PYMNTS that thereâs no one around in many offices to mail out checks, while employees donât want to touch checks or go to the bank to deposit them. Valdespino said she thinks that will prompt many companies to finally switch to pay cards. |
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