The voice of P2P automation from the finance process gurus at PayStream Advisors

ADP Enhances Electronic Invoicing Solution

ADP®, a leading provider of human resource outsourcing, payroll services, tax and compliance and electronic invoicing solutions, recently announced several key enhancements to its electronic invoice solution, a component of ADP Procure-to-Pay^® (P2P) Solutions.   Continue Reading +

Bottomline Technologies and Lloyds Bank Announce Strategic Partnership

Lloyds Bank to Offer Corporate Customers Value Added Services from Bottomline Bottomline Technologies (Nasdaq: EPAY), a leading provider of cloud-based payment, invoice, and banking solutions, today announced that it has expanded its partnership with Lloyds Bank in the UK. Under a new partnership arrangement with Lloyds Bank, Bottomline will provide secure, reliable connectivity to Lloyds Bank’s infrastructure, enabling corporate customers to streamline the management of payments, improve operational efficiency and achieve high levels of straight through processing.   Continue Reading +

Direct Insite Unveils Enhanced Discount Management Capabilities

Direct Insite (DIRI), a leading provider of e-invoicing solutions for Accounts Payable, Accounts Receivable, and Payments services, today announced the release of enhanced discount management capabilities for its e-invoicing platform, Invoices On-Line. Direct Insite’s discount management capabilities enable buyers to capture more discounts from suppliers, resulting in better rates of return and improved supplier relations.   Continue Reading +

PayStream Releases Automation Solutions for MS Dynamics Report

Report reveals solutions for touch-less accounts payable Until recently, the biggest stumbling block to removing paper from your finance department was getting the project started.  Today; however, finance managers struggle with a new problem – where to get started? Due to the explosion of options – from invoice imaging, automated data capture, approval workflow, eProcurement, electronic invoice portals, supplier collaboration, PO compliance, discounting and payment – automation decisions are complex.   Continue Reading +

PayStream Reveals 2012 Excellence Award Winners at PayStream Summit

PayStream Summit 2012: Fast Track to P2P Automation was held in Charlotte, NC, September 17 – 19.  Each year during the annual PayStream Summit, PayStream Advisors recognizes individuals and organizations that are leading the way in innovation in their purchase-to-pay processes, and working to drive the industry forward. PayStream’s P2P and Healthcare Advisory Boards reviewed the Technology Award nominations and helped select this year’s winners. Categories for the Technology Awards include:

• Excellence in P2P Automation
• Excellence in Electronic Payments
• Excellence in Healthcare Procure to Pay

  Corporate Award Winners The Excellence in P2P Automation award was presented to Graham Packaging Company.  Graham implemented an innovative Spend Management program during a time of acquisitions and global expansion that worked to dramatically reduce overall spending.  Within three months of implementation, 95 percent of Graham’s spend was channeled through preferred suppliers that resulted in millions in savings.  The intuitive, on-boarding process drove adoption with external suppliers to streamline communications and ensured product and pricing consistency.  In a matter of months, Graham boasted 100 percent user adoption.   Continue Reading +

Concur Unveils Enhanced Social and Mobile Capabilities For Concurforce

Concurforce leverages the Salesforce Platform and Concur T&E Cloud to tap the power of social, mobile and open technologies, delivering innovation to help clients maximize each and every business trip. Concur (NASDAQ: CNQR), a leading provider of integrated travel and expense management solutions, recently unveiled Trip Maximizer for Concurforce, the Concur travel and expense management offering designed for Salesforce.   Continue Reading +

Direct Insite Corp.'s E-Invoicing Network Surpasses 175,000 Users

Direct Insite Corp. (OTC BB: DIRI), a provider of cloud-based e-invoicing solutions for accounts payable, accounts receivable, and payments services, recently announced that the company's global e-invoicing network has surpassed 175,000 users.   Continue Reading +

Wright Express to Acquire Fleet One

Wright Express Corporation (NYSE: WXS), a leading provider of value-based business payment processing and information management solutions, and Fleet One, an over-the-road and local retail fueling business, announced recently that they have entered into a definitive agreement whereby Wright Express will acquire Fleet One from private equity firms LLR Partners and FTV Capital for $369 million in cash. This transaction is expected to generate approximately $100 million in present value of tax benefits for Wright Express.   Continue Reading +

Money Might Not Grow on Trees but it does Fly in the Clouds

By Henry Ijams, Managing Director, PayStream Advisors How much can your company save by utilizing cloud based procurement solutions? Late last week I presented a Coupa webinar focusing on calculating the total cost of ownership (TCO) for cloud-based applications.  While cloud computing has been around for a while, there seems to be some confusion surrounding exactly what cloud computing is and how companies can benefit from applying it. Most of the challenge stems from evaluating different cost elements of cloud solutions and comparing costs to traditional software deployment.  Until the internet age, technology was always delivered using on-premise licensed solutions.   Continue Reading +

New PayStream Report Reveals Invoice and Workflow Automation Continue to Rise

PayStream Releases 2012 Invoice and Workflow Automation Adoption Report While paper still dominates as the number one method used to trade business-to-business invoices, paper is waning as more companies implement front-end automation and automated workflow.  PayStream’s new Invoice an   Continue Reading +

Mercy/ROi Implement SciQuest Solutions for User-Friendly Health Care Supply E-Procurement

Building on their 2002 success with the creation of Resource Optimization & Innovation (ROi), Mercy has implemented SciQuest’s solutions to create a user-friendly, intuitive online shopping environment.   Continue Reading +

PayStream Announces Summit Keynote Speaker

Buckle up for an exciting ride.  The annual PayStream Summit – Fast Track to P2P Automation is right around the corner.  PayStream is pleased to announce Eric Jones, Director of Corporate Payables for Lowe’s as this year’s Summit keynote speaker.  The keynote address is scheduled for Monday, September 17, from 8:30 a.m.   Continue Reading +

Bottomline to Acquire Albany Software

Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice and banking solutions, recently announced that it has gained regulatory clearance to acquire Albany Software Ltd.   Continue Reading +

Basware Aims for Accelerated Global Growth

According to a Basware stock exchange press release that ran on September 4, 2012, Basware's Board of Directors and management have updated the company's strategy and objectives for the next three years.   Continue Reading +

Tips for Selecting an Integrated Payments Platform

Matthew Dragiff                                                                                                                             Vice President, Product Management                                                                                     SunGard AvantGard Payment Services In my recent blog article, “Why Outsource B2B ePayment Adoption?”, I conveyed the results from a recent SunGard study around B2B ePayments and why more and more organizations are opting to outsource the payments process.  The study included 171 participants spanning a broad range of industry and revenue classifications, with 48% of the respondents from companies with more than $1 billion in revenue.  When asked to identify the top requirement for a payments solution or solution provider, study participants pointed first to a requirement for an integrated platform. Rather than looking for a specific payment type such as virtual card, companies first want a platform that can handle the full spectrum of payment methods from check to ACH, EFT (electronic funds transfer), wire, virtual card, and SWIFT.   Continue Reading +

Coupa Launches Major Release with New Smarter Contracts and Accounts Payable Capabilities

Coupa Software, a provider of cloud-based spend optimization software, recently announced the launch of Coupa Release 8, which includes major enhancements to the Coupa platform, mobility enhancements and two new core capabilities: Coupa Smarter Contracts and Coupa Invoicing.   Continue Reading +

CSR makes invoicing easier for suppliers with OB10

OB10 extends the reach of its e-Invoicing network in Australia. Australian building products company CSR has selected OB10 (www.OB10.com), the e-Invoicing network, to offer electronic invoicing to its 10,000 suppliers. CSR is a leading provider of building products in Australia and New Zealand and is behind some of the market's most trusted and recognized brands in residential and commercial construction.   Continue Reading +

Nominations Due for PayStream Excellence Awards

The PayStream Summit Conference is right around the corner.  Every year at the annual Summit, PayStream recognizes individuals and organizations that are setting the bar in their purchase to pay processes and leading the industry forward.  PayStream is currently accepting nominations f   Continue Reading +

Taulia Launches Innovative Offering, Free of Charge

New Service Provides Free Vendor Portal and e-Invoicing for Select Group of Suppliers. Taulia Inc., the only SAP®-certified SaaS platform for dynamic discounting and e-invoicing, recently announced it will provide its e-invoicing and supplier self-service capabilities to a select group of suppliers for large enterprises, free of charge. With the unique Turnkey Starter Package, Taulia can rapidly on-board key suppliers via the customer’s branded portal and provide immediate e-invoicing and additional insight into the invoice process.   Continue Reading +

Leading Transportation Services Provider Expands Kofax Solution

Kofax® plc (LSE: KFX), a leading provider of Capture Enabled BPM™ (business process management) solutions, recently announced that a leading global provider of transportation and logistics services has invested more than $850,000 to expand its existing Kofax solution to include invoice and accounts payable (AP) automation. The customer, whose services include international freight forwarding, highway brokerage, warehousing and distribution, and supply chain management services, will expand its Kofax Capture solution to include: Kofax Transformation Modules™, Kofax e-Transactions™, Kofax SupplierExpress™, Kofax MarkView for Accounts Payable® and MarkView AP Advisor®.   Continue Reading +

Trinitas Regional Medical Center selects Hyland Software’s OnBase Solution

New Jersey’s “2012 Most Wired, Most Improved” hospital integrates OnBase with Sunrise EMR to reach paperless goals. Providing compassionate care to all patients is a top priority for employees at Trinitas Regional Medical Center, located in Elizabeth, New Jersey.   Continue Reading +

Business Leaders See Collaboration through Social and Business Networks as Key to Productivity, Competitive Advantage

In today’s global business environment, smart companies are learning to collaborate more efficiently, connecting and interacting with ever-expanding communities of customers, suppliers and peers. And they are, in the process, unleashing a new model for operating that is helping to improve their productivity, profits and ultimately, their advantage in an ultra-competitive marketplace. How are they doing it? According to Collaborate to Win, a new report produced by CFO Research in collaboration with Ariba, Inc. (Nasdaq: ARBA), the world’s business commerce network, they are capitalizing on the convergence of recent technology trends, including cloud computing, mobility, social and business networks. Much as consumers tap into social networks to manage their personal connections, companies are with increasing frequency connecting to business networks to manage their trading relationships.   Continue Reading +

Coupa Highlighted in CFO Magazine

In case you missed it online, PayStream wanted to draw your attention to the two page article on Coupa in the recent online edition of CFO Magazine.  Written by David Rosenbaum, the article titled “How to Spend Too Much for Stuff You Don’t Need” was published in CFO online on August 9.  Below is a copy of the article. How to Spend Too Much for Stuff You Don’t Need David Rosenbaum Oh, you’re doing that already? And you’re wasting time managing accounts payable every day, tracking down approvals for purchases you don’t understand? Here’s how small companies can tackle purchasing inefficiencies. Mark Verbeck, like many CFOs, was starting to feel like the bad guy, the guy who always said no. When he started working at Blade Network Technologies as CFO in 2008, the company, which makes networking software that lives inside blade servers, was a 50-person operation.   Continue Reading +

IFO Names Brainware’s Charles Kaplan to Board of Directors

Charles Kaplan, Vice President of Marketing for Brainware, has been named to the board of directors of The Institute of Financial Operations. Kaplan oversees global marketing communications, demand generation and analyst relations activities for Brainware, which is part of Perceptive Software, a Lexmark company. “The timing of Charlie’s appointment is ideal because he is immediately positioned to champion the organization’s strategic plan initiative on building out our service to all of our core disciplines,” said Jo LaBorde, executive director of The Institute.   Continue Reading +

PNC SmartAccess® Prepaid Visa® Card Offers Alternative to Consumers without Bank Accounts

Reloadable card offers affordable and convenient way to manage money and avoid the chance for overdrafts. PNC Bank recently announced the launch of the SmartAccess Prepaid Visa Card, a reloadable prepaid card designed to help consumers manage their money even if they do not maintain a traditional bank account. The card became available in all 2,900 PNC branches.   Continue Reading +

Why Outsource B2B ePayment Adoption?

Matthew Dragiff                                                                                                                                    Vice President, Product Management                                                                                     SunGard AvantGard SunGard recently conducted a study to better understand how corporations were addressing the various challenges around ePayment adoption and the migration to ACH and virtual cards.   Continue Reading +

Perry Ellis Extends TradeCard Functionality

Global apparel leader renews contract to broaden use of TradeCard’s cloud-based platform to manage transactions from order through shipment and settlement. TradeCard, Inc., the supply chain collaboration and global trade platform used by 10,000 retailers, brands, manufacturers and service providers, announced that Perry Ellis International, Inc.   Continue Reading +

Concur Enhances Advisor Program for Accounting Professionals

Concur® (NASDAQ: CNQR), a leading provider of integrated travel and expense management services, today announced strong adoption and continued success of its Advisor Program. Since its launch last spring, the Advisor Program has enabled more than 3,000 accounting professionals and SMB consultants to bring greater value to their small business customers by introducing them to the Concur expense reporting solution. The Concur Advisor Program helps members become the go-to business resource for their clients, deepening the consultant-client relationship beyond number crunching at tax time and other general bookkeeping.   Continue Reading +

Taulia Scores Verallia North America

Taulia Inc., the only SAP®-certified SaaS platform for dynamic discounting, yesterday announced Verallia North America has chosen Taulia to provide dynamic discounting, e-invoicing and a comprehensive self-service portal to its network of suppliers throughout the region. Headquartered in Muncie, Indiana, Verallia North America is the US division of Verallia (the Packaging Sector of Saint-Gobain), which is the second largest global manufacturer of glass containers for the food and beverage industry. Taulia’s unique position as a certified SAP add-on coupled with a cloud-based, SaaS portal will allow Verallia North America to ultimately employ the solution company-wide, integrating directly with the company’s centralized SAP ERP system. Taulia’s solution allows large companies the ability to save millions of dollars annually using dynamic payment terms and on-demand payment acceleration for their suppliers, in return for additional discounts.   Continue Reading +

Mountain West Financial Returns to Hyland Software’s OnBase Solution

For lenders, staying ahead of the competition by delivering better, faster customer service is essential. Mountain West Financial, a full service privately held mortgage banker, chose Hyland Software’s enterprise content management (ECM) solution through partner DocuSource.   Continue Reading +

Euromaster to Drive More Efficient Invoice Processing with Palette

Leading automotive maintenance network’s Nordic region to optimize financial and contract management, and invoice handling with web-based solution. Euromaster, the leading tire service and car maintenance network in Europe, is to deploy an advanced, web-based invoice automation solution from enterprise purchase-to-pay specialist Palette, to streamline financial management and improve efficiencies across its Nordic businesses. Euromaster has 180 sites in Sweden, Denmark, Finland and Norway, and nearly 1,950 service centers in 15 countries across Europe.   Continue Reading +

ADP Ranked as One of the Best Places to Work

Company sours into the top 50 on IDG Computerworld’s “100 Best Places to Work in IT” rankings for 2012. ADP ®, a provider of human resource outsourcing, payroll services, benefits administration and integrated computing solutions for vehicle dealers, recently announced that the company has been ranked in the Top 50 on IDG’s Computerworld 2012 list of the 100 Best Places to Work in Information Technology (IT).   Continue Reading +

Verian Streamlines Contractor Billing for $1.5 Billion Natural Gas Distributor

Energy services company implements Verian software to replace multiple systems. One of the top energy services companies in the Southeast is implementing Verian purchase-to-pay (P2P) software solutions to simplify and automate how they pay contractors who maintain their natural gas distribution system.   Continue Reading +

Blackstone Deploys Coupa Software to Streamline Procurement and Approval Processes

Leading investment and advisory firm implements Cloud-based applications and makes limited investment in the company. Coupa Software, a provider of spend optimization software, recently announced that Blackstone (NYSE: BX), one of the world’s leading investment and advisory firms, has selected Coupa as its spend management solution and has made a limited investment in the company.   Continue Reading +

Ariba Reports Results for Third Quarter of Fiscal Year 2012

Revenue from Continuing Operations: Total revenues from continuing operations were $137.0 million for the third quarter of fiscal year 2012, an increase of 12% or 15% in constant currency compared to $121.9 million for the third quarter of fiscal year 2011.   Continue Reading +

Comdata Introduces a Breakthrough in Processing Cardless Fuel Transactions

Comdata announced today it is processing live customer transactions via its cardless fueling technology, representing an industry breakthrough in cardless fueling. The first transaction occurred yesterday at the Love's Travel Stop in Pauls Valley, Okla. The Comdata cardless solution automates the fueling process and data entry requirements with the use of a cost-effective RFID tag.   Continue Reading +

Pollenware (C2FO)TM continues dramatic growth in second quarter market volume

Pollenware (C²FO), the global market for working capital and profit, announced that its second quarter growth for 2012 was $423.5 million in Early Cash Flow Delivery (ECFD)^TM, a 398.3 percent increase over the prior year numbers during the same period of 2011. (C²FO) helps companies collaborate with their supply chain in daily, web-based, market-clearing events to achieve accelerated cash flow and increased efficiencies in working capital management and profit.   Continue Reading +

SciQuest Acquires Assets of Upside Software

Company adds best-in-class software for authoring and managing contracts to its comprehensive source-to-settle suite.

SciQuest, Inc., (NASDAQ: SQI) a leading provider of cloud-based source-to-settle solutions, announced that it has signed a definitive agreement to acquire Upside Software, Inc., a worldwide leader in contract lifecycle management (CLM) solutions in an asset purchase for total consideration of approximately $22 million in cash, net of cash acquired. Upside’s award winning product suite offers a fully automated contract lifecycle management solution, which includes collaborative contract creation and negotiation technology.   Continue Reading +

Cutter & Buck Automates Its Supply Chain in the Cloud

Golf apparel leader renews TradeCard subscription to continue driving transaction efficiency and visibility from order through settlement. TradeCard, Inc., the supply chain collaboration and global trade platform used by more than 10,000 retailers, brands, manufacturers and service providers, announced that golf apparel leader Cutter & Buck has extended its TradeCard subscription to continue leveraging TradeCard's cloud-based platform to connect with trading partners electronically and obtain visibility into the movement of payments and products. Since 2005 Cutter & Buck has automated processes from purchase order through settlement and provided suppliers access to early payments in exchange for invoice discounts, through the TradeCard Platform. Cutter & Buck employs TradeCard Procure to Pay™ to facilitate transactions.   Continue Reading +

Hotel and Car Rental Companies to Participate in Concur Open Booking

Empowering traveler choice, controlling program leakage and implanting a 21^st century business travel experience are key reasons why customers are demanding Open Booking. Concur, a leading provider of integrated travel and expense management services, announced that several hotels and   Continue Reading +

Taulia Partners with Northgate for e-Invoicing

Northgate strengthens its global shared service center through supplier collaboration and e-Invoicing. Taulia Inc., the only SAP®-certified SaaS platform for dynamic discounting announced it has partnered with Northgate Information Solutions (Northgate) to provide a host of self-service capabilities to Northgate’s worldwide supplier base, including e-invoicing, full automation of purchase-to-pay processes and comprehensive visibility into the invoice process.   Continue Reading +

Wright Express’ Call Center Placed in Top 20 in BenchmarkPortal Study

Wright Express Corporation (NYSE: WXS), a leading global provider of value-based business payment processing and information management solutions, announced it was recently recognized by BenchmarkPortal and The Center for Customer-Driven Quality (CCDQ) for having one of the Top 20 medium-sized call centers for 2012 in the United States and Canada. This is the second year in a row that Wright Express participated in the Annual Call Center Benchmarking Study.   Continue Reading +

ADP AdvancedMD Unveils iPad App for Medical Practices

ADP® AdvancedMD®, an all-in-one, cloud-based electronic health record (EHR), practice management (PM), and medical scheduling software as well as medical billing services, today announced the successful deployment of its 2012 Summer release, which introduces the company’s user-friendly Apple iPad® app, additional ICD-10 tools, and best practices workflow for pediatric practices. “Physicians are using iPads en masse and expect practical and easy-to-use applications that allow them to be untethered from their desk and practice,” said Raul Villar, president, ADP AdvancedMD.   Continue Reading +

Coupa Reports Record Growth

Coupa Software, a leader in cloud spend optimization software, today announced Q2 2012 results, highlighted by a 185 percent increase in the amount of spend through its platform, compared to Q2 2011.   Continue Reading +

Pacific Pride Services Announce New Universal Card Program

Pacific Pride Services, LLC, a subsidiary of Wright Express Corporation (NYSE:WXS), today announced a new Universal Card program allowing fuel marketers to provide their fleet customers with increased acceptance at 180,000 retail sites and 45,000 service merchants nationwide. The program offers numerous benefits for fuel marketers including the ability to generate increased revenue with a rebate on all out-of-network spending, and to maintain complete ownership of the customer relationships – including credit adjudication, billing and customer service. Online capabilities give fuel marketers the tools to service and manage customer accounts, or they can open up access and let customers manage it themselves.   Continue Reading +

The Complex Web of B2B Commerce just keeps Getting Bigger by the Day

Written by: Bob Cohen, VP Marketing, Basware North America The acquisition of Ariba by SAP underscores the growing value the market is placing on cloud-based networks for B2B commerce, as well as the need to simplify complex financial processes. With virtually every organization   Continue Reading +

Basware Renews Contract with Invensys Plc

Basware renews and expands Invoice Automation Solution with Invensys Plc in the United Kingdom. Basware recently reported it has renewed a contract to provide its Invoice Automation solution to Invensys Plc (BTR Industries).   Continue Reading +

Barts Health NHS Streamlines Electronic Patient Records with Hyland Software

Hyland Software revolutionizes the country’s largest NHS Trust’s business processes Barts Health NHS Trust, the largest National Health Service Trust in England, has selected OnBase, Hyland Software’s enterprise content management (ECM) solution, to streamline electronic patient records (EPR).   Continue Reading +

Tune in for Henry’s Perspective - YouTube Video Reveals eInvoicing Report Data

If you’re looking to do more with less in your AP department, don’t miss Henry’s Perspective – an inside look at the 2012 PayStream eInvoicing report currently on YouTube. Accounts Payables Automation Architect Henry Ijams, Managing Director of PayStream Advisors dives head first into the eInvocing report to reveal current statistics, market trends and solution providers that work to centralize, streamline, automate and increase operating efficiencies. Ijams shares how the most successful companies adopting eInvoicing solutions are able to convert so many of their suppliers to electronic payments, and how leading solution providers are doing more to help companies rapidly implement their new eInvoicing technology and onboard suppliers.   Continue Reading +

Taking the Pain Out of Collection Claim Processing Part IV

Art Hernandez vice president, product management, receivables SunGard's AvantGard business unit In Part I of my Taking the Pain Out of Collection Claim Processing series, I described the importance of maximizing recoveries.  In Part II I describe how you can use collection agencies as a strategic resource to help you maximize recoveries.   Continue Reading +

Kimberly-Clark Adopts OB10 eInvoicing

As part of a continuing focus to drive improvements in operational efficiency, quality and service levels Kimberly-Clark today announced it is adopting OB10 eInvoicing technology to improve its Procurement and Accounts Payable processes.  OB10 solutions will enable Kimberly-Clark suppliers to commence submitting electronic invoices to Kimberly-Clark directly from their existing billing systems. Suppliers are not required to install new hardware or software and subscribing to the network is simple, allowing suppliers to commence sending invoices electronically from 48 hours after sigh-up.  A key feature of the OB10 network is that it satisfies the demands of VAT and Tax administrations across Europe.  Local tax authorities have accepted the removal of the paper invoice for companies using the OB10 service. About Kimberly-Clark Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 150 countries.   Continue Reading +

Tune in to PayStream’s TEM Video

Unpack your lunch and tune into PayStream’s new Travel and Expense Management (TEM) video featuring accounts payable automation architect Henry Ijams, Managing Director of PayStream.  Ijams discusses key points found in PayStream’s TEM report. This technology insight report reveals the latest TEM   Continue Reading +

Hyland Software Introduces OnBase 12

The newest release of Hyland’s enterprise content management solution personalizes user experience, evolves business processes, strengthens the core platform of OnBase Technology continues to change our expectations of how and when we access and use information.   Continue Reading +

ADP Awarded Contract by HP

Enterprise-wide Implementation to Consolidate and Standardize Payroll Practices, Processes and Procedures across 40 Countries

ADP®, a provider of payroll services, and time and labor management solutions, today announced that it has been awarded a contract by HP to deliver a global payroll and time and labor management system for internal use by HP employees across 40 countries. Once implemented, the new consolidated system will enable HP to reduce the number of human resource platforms, systems and vendors it maintains and supports while benefiting from increased global standardization of payroll practices, processes and procedures across its enterprise.   Continue Reading +

ReadSoft Announces Partner Awards

All Star Systems is named “Partner of the Year,” and ACOM Solutions, Inc. is given “Rising Star” award as commendations of unmatched loyalty and continued innovation. Partner award recipients were nominated and selected from ReadSoft’s impressive pool of North American partners and judged by a panel of industry personnel who reviewed the solutions, return on investment delivered, and customer confidence expressed by each of the candidates. “These rewards are a reflection of the confidence both ReadSoft and our customers have in these organizations as well as the dedication they have shown to partnering with ReadSoft,” said Bob Monio, ReadSoft North America Director of Channels & Alliances.  “All Star Software consistently exhibits a solid commitment to ReadSoft and demonstrates deep technical expertise in document automation processing while delivering phenomenal results.   ACOM Solutions, Inc.   Continue Reading +

ReadSoft Lands Big Contract

Global chemical manufacturing company automates invoice process through 400,000 USD agreement with ReadSoft. This world-leading manufacturing company receives service invoices, physical material invoices and freight invoices primarily in paper format at decentralized manufacturing plants, jumpstarting a repetitive manual invoice process.   Continue Reading +

Direct Insite Lands $2 Million eInvoicing Client

The company signs a large contract to provide eInvoicing platform to American multinational confectionery, food and beverage conglomerate. Direct Insite Corp. (OTC BB: DIRI), a provider of cloud-based e-invoicing solutions for Accounts Payable, Accounts Receivable, and Payments Automation, announced that it has signed a major customer contract for an American multinational confectionery, food and beverage conglomerate.   Continue Reading +

PayStream Releases Healthcare ePayables Report

In an effort to maximize cash flow and maintain profitability, healthcare organizations are slowly transforming the way they do business.  The goal of every healthcare provider is to optimize limited IT and accounting resources, lower costs and increase productivity, without compromising the quality   Continue Reading +

Emdeon Launches Emdeon Payment Network

Solution Suite designed to transform how provider payments are delivered, and help payers cut costs. Emdeon Inc., a provider of healthcare revenue and payment cycle management and clinical information exchange solutions, announced the launch of the Emdeon Payment Network™, a comprehensive suite of services that combines electronic and print payment infrastructures with an intelligent analytical engine to leverage the payer's chosen distribution channels for healthcare payment transactions. Emdeon Payment Network has been designed to give payers a strategic cost-effective solution by providing more opportunities to shift transactions from paper checks to electronic payments, while providing considerable postage and operational savings for any remaining paper check payments.   Continue Reading +

Taking the Pain Out of Collection Claim Processing Part III

Art Hernandez vice president, product management, receivables SunGard's AvantGard business unit In Part I of my Taking the Pain Out of Collection Claim Processing series, I described the importance of maximizing recoveries.  In Part II I describe how you can use collection agencies as a strategic resource to help you maximize recoveries.   Continue Reading +

Basware and Finnair Sign Six Year Contract

Basware and Finnair have signed a six year contract including purchasing, invoice processing, banking and business transactions solutions as a service. The value of the deal is significant for Basware.   Continue Reading +

Lexmark Awarded 5-Year, $21 Million Printing Contract From FAA

Company offers more than just paper and ink with innovative mobile device software and security solutions. Lexmark International, Inc. (NYSE: LXK) has been awarded a five-year (one base year and four one-year options) contract valued at $21 million that will make it the sole provider of printing technology for the Federal Aviation Administration (FAA). Lexmark will utilize its proven track record in optimizing heavily distributed printing environments to bring greater efficiency, user productivity and cost reductions to more than 900 FAA locations across the U.S.   Continue Reading +

How Much Is Paper Costing Your Company?

Find out with PayStream’s new Cost per Invoice Calculator In a drive to decrease costs while increasing productivity, more companies are migrating towards financial automation solutions in an effort to streamline AP procedures.   Continue Reading +

EMC2 Receives Number One Storage Ranking

Company’s product declared to have best multi-platform environment by IDC’s latest end-user survey. EMC Corporation announced that it is ranked by customers across the globe as the number one storage choice for mission critical environments, according to the latest end-user study from IDC. The survey ranks storage vendors based on customer deployment patterns within the most widely-used enterprise applications, a statement from EMC said. More customers choose EMC storage than any other vendors for their Oracle, Microsoft Exchange and SharePoint, SAP, Business Intelligence and Analytics, Virtual Desktop Infrastructure and Home Directory environments, according to the IDC study. The results are based on the survey of 1,000 respondents representing 15 countries and across 19 industries with company size ranging from 50 employees to over 10,000 employees. The survey focused primarily on applications, enabling IDC to ascertain end-user sentiment regarding their preference toward certain brands based on specific applications, the statement said. PayStream Research shows that companies are migrating to the cloud in an effort to integrate and manage data more effectively.   Continue Reading +

Wright Express, PaySpan Introduce Virtual Payments Solution for Healthcare Providers

Agreement extends successful Wright Express offering to new vertical. Wright Express Corporation, a global provider of value-based business payment processing and information management solutions, today announced an agreement with PaySpan, one of the nation’s largest healthcare payments and reimbursements processors, to bring its single-use virtual payments solutions to the healthcare industry. “This agreement expands our highly successful single-use virtual payments offering for online travel and claims companies into a new vertical that is facing increasingly complex payment solution needs — healthcare payments — to help client companies find ways to save money and time, increase control and security, and manage scale,” said David D.   Continue Reading +

BancTec Announces Acquisition of GTESS Claims Processing Business

Deal enhances global BPO provider in pre-adjudication technology and services to better serve health plans, benefit administrators and networks. BancTec, a global leader in business process outsourcing (BPO) for financial transaction automation and document management, today announced that it has acquired certain assets of GTESS, a provider of claims pre-adjudication technology and services for the healthcare industry.   Continue Reading +

Mortgage Industry Selects Hyland Software as a 2012 Top Service Provider

Workflow capabilities and tight integrations with core platforms win Hyland Top Service Provider recognition. For the seventh time in nine years, Hyland Software has been named a Top Service Provider by Mortgage Technology Magazine due to the efficiencies its enterprise content management (ECM) solution, OnBase, provides to the financial services market. "For 21 years we've been focused on helping financial institutions streamline processes," said Michelle Shapiro, Hyland's financial services marketing manager.   Continue Reading +

B2B Payments: Shifting Potential Liability

Matthew Dragiff Vice President, Product Management SunGard AvantGard There are a lot of things that keep chief security executives up at night including disasters, theft of intellectual property, budgets, compliance, training and securing mobile devices.   Continue Reading +

SciQuest Announces Ariba Migration Program

Array of products and services enables Ariba users to move rapidly into a comprehensive Cloud-based Source-to-Settle suite. SciQuest, Inc., (NASDAQ: SQI) a provider of on-demand source-to-settle solutions, recently  announced the SciQuest Ariba Migration Program, which provides Ariba users with a full suite of products and services designed to help them accelerate movement to a true cloud-based source-to-settle solution.   Continue Reading +

Making, Moving and Managing Money

A company's profitability is often determined by how well vital departments are managed internally, and the amount of time it takes to turn cash into more cash is often a tell-tale sign of how efficient the accounts payable (AP) and accounts receivable (AR) departments are at managing cash flow. A recent article in Forbes highlights one measurement that is used to determine the efficiency of a company's cash management, the Cash Conversion Cycle (CCC), which measures the amount of time in which a business can turn over cash on hand.   Continue Reading +

Bottomline Technologies’ Paymode-X® Network Exceeds 185,000 Vendors

Bottomline Technologies, a provider of cloud-based payment, invoice and banking solutions, today announced that Paymode-X®, its business-to-business settlement network, has surpassed 185,000 vendors.   Continue Reading +

Ariba Among World’s Best Supply Chain Finance Providers

Company named Best eProcurement Solution by Global Finance Magazine as part of Annual Survey Ariba announced today that it has been named the Best eProcurement Solution by Global Finance Magazine as part of an annual survey that will be published in the July/August issue. “As the financial crisis continues to have repercussions in the real economy, businesses are increasingly looking for solutions to help them manage their working capital more efficiently,” said Joseph Giarraputo, publisher of Global Finance.   Continue Reading +

SunGard’s AvantGard GETPAID 7.6 Achieves SAP Certification

SunGard’s credit and collection risk management solution has achieved SAP certification as powered by the SAP NetWeaver technology platform. SunGard today announced that its AvantGard GETPAID 7.6 credit and collection risk management solution has achieved SAP certification as powered by the SAP NetWeaver® technology platform.   Continue Reading +

ReadSoft Signs $470,000 Deal

International company seeks ReadSoft’s invoice automation solution to help increase savings and efficiency. ReadSoft North America has reached an agreement with a significant international company that provides pipeline and storage facilities to the oil and refined products sector, as well as owning fuel and asphalt refineries.   Continue Reading +

Terremark Aligns with EMC to Accelerate Cloud Services

EMC designates Terremark as platinum level service provider in joint strategic alliance initiative. Terremark, a Verizon Company, and EMC Corporation today announced a strategic initiative under which both companies will work to identify, build and offer tailored, cloud-based solutions built on Terremark's global service capabilities and EMC's best-of-breed, cloud-optimized information infrastructure technologies. Through this strategic initiative, EMC will provide the advanced technology infrastructure for Terremark's Enterprise Cloud Private Edition offering as well as public and hybrid deployments.   Continue Reading +

GSA Names Concur As Sole ETS2 Provider

Company’s solution will provide integrated travel and expense management to U.S. Government agencies. Concur, a provider of integrated travel and expense management solutions, yesterday announced that the company’s integrated travel and expense management solution was selected to power the U.S.   Continue Reading +

Western Caterpillar Dealer Goes Live with Verian Solutions

Purchasing and invoice processing solutions provide spend visibility, cost reduction and increased efficiencies for Caterpillar.

Verian recently announced that a leading Caterpillar dealer has gone live with its suite of purchasing and invoice processing solutions.   Continue Reading +

Comdata Hits Milestone

Comdata Achieves Several Growth Milestones in the Payments Industry Comdata Corporation, a leader in payment innovation, announced yesterday that in April the company achieved over $1 billion in monthly MasterCard credit spend volume.   Continue Reading +

Taking the Pain Out of Collection Claim Processing Part I

Art Hernandez vice president, product management, receivables SunGard's AvantGard business unit Most credit managers or directors manage multiple collection agency relationships for their B2B collections, yet the process of managing these relationships can be highly manual and complex creating lack of efficiency and transparency for both the company and agency.   Continue Reading +

SunGard Adds Multi-Language Support to iWorks

SunGard has added Spanish language capabilities to two of its iWorks Healthcare solutions. SunGard announced today that it has added Spanish language capabilities to two of its iWorks Healthcare solutions: iWorks Macess, a content management, process management and customer service platform, and iWorks FormWorks, a front-end data capture solution.   Continue Reading +

EMC Acquires Watch4Net: Strengthening the Cloud Castle

EMC Corporation, one of the world's largest makers of data-storage computers, acquired performance management software expert Watch4Net Solutions Inc., its partner for more than seven years, in an all-cash transaction on May 31^st. As cloud computing matures, both business and IT infrastructures are evolving with it and businesses are becoming more adaptable, more interwoven and more specialized.   Continue Reading +

ADP announces partnership with Team National: Regulatory Outsourcing

ADP, a leading provider of human resource outsourcing, payroll services, benefits administration and integrated computing solutions for vehicle dealers, announced on May 30^th that it has signed an agreement with US-based multi-million dollar direct selling company - Team National, to provide the latter with its payroll, compliance and benefits solutions. ADP will manage the payroll and tax functions related to Team National’s 350,000 members and will also take care of other administrative aspects of its human resource management.   Continue Reading +

InstaMed Raises $14 Million in New Capital

Healthcare payments market continues to expand. InstaMed a leading Healthcare Payments Network, announced this week that it has raised $14 million in new capital. More than 90 percent of InstaMed’s existing investors participated, representing broad and sustained participation from the east and west coasts.   Continue Reading +

Tradeshift and Taulia Partner to Offer Immediate Supplier Networks and Dynamic Discounting Integrated to SAP

Partnership brings Taulia’s SAP-Certified add-on and Dynamic Discounting capabilities to Tradeshift users. Tradeshift, an online business network that simplifies and automates common tasks such as invoicing and supply chain finance, together with Taulia, the only SAP®-certified cloud platform for dynamic discounting, today announced that Tradeshift’s enterprise customers can now integrate to SAP® with Taulia’s advanced connector.   Continue Reading +

Pollenware Announces 766% Growth

Pollenware announces 766% growth in Early Cash Flow Delivery $368.4 million first quarter 2012 results exceed prior year.

Pollenware, a provider of cloud-based Collaborative Cash Flow Optimization (C²FO)^TM technology, announced today that its first quarter growth for 2012 was $368.4 million in Early Cash Flow Delivery (ECFD)^TM, a 766 percent increase over the prior year numbers during the same period. In addition to the organic growth of major Buyer-Clients including Costco, Walgreens and Toys"R"Us, Pollenware also added four new Buyer-Clients including Associated Wholesale Grocers, Hy-Vee, Sysco and The Brick. Pollenware (C²FO)^TM helps companies collaborate with their supply chain in daily, web-based, market-clearing events to achieve accelerated cash flow to Supplier-Clients and increased efficiencies in working capital management and profit for Buyer-Clients.   Continue Reading +

The sleeping giant is finally aroused - SAP acquires Ariba

Transaction highlights the shifting balance of power from on premise based ERP The sleeping giant is finally aroused.  SAP’s acquisition of Ariba is a significant admission by the accounting software giant that new technologies are shifting the balance of purchasing power away from on-premise applications.   Continue Reading +

Wright Express Acquires CorporatePay: Revving up for a European Expansion

US business payment processing and information management solutions firm Wright Express Corp bought London-based corporate prepaid solutions provider CorporatePay Ltd for nearly GBP17m (USD27.4m/EUR21.2m) on May 11, 2012.   Continue Reading +

Coupa Raises $22 Million in Funding

So far, 2012 has been a banner year for Coupa.  Just this year, Coupa announced record bookings, enhanced their product offering and was named a Best Place to Work in the Bay Area.  In addition to these achievements, Coupa recently announced they raised $22 million in Series E funding, led by a new   Continue Reading +

Lavante Unveils Lavante Recovery+ for Next-Generation Automated Real-Time Recovery

Upgraded version provides automated real-time recovery auditing. Each year businesses lose untold millions of dollars to accounts payable errors.  These lost revenues can be reclaimed with an effective recovery audit.  Lavante, a provider of on-demand supplier management solutions, including recovery auditing and supplier information management now has technology available that makes this process much more comprehensive. Lavante’s new release of Recovery+ works to satisfy a customer’s need to improve collaboration with their auditors.  Recovery+ successfully meets this need by providing end-to-end visibility, real-time interactivity, multi-level connections and collaboration and all inclusive recovery tracking for rapid and proactive recovery auditing. Exactly how does this impact a Recovery+ user?  Through Lavante’s online portal, users can access live audit details and results.  This gives a user visibility into every aspect of how their recovery program is performing.   Continue Reading +

Moen implements OnBase, wins Huntington Bank Innovation Award

Moen wins award for automating their accounts payable processes with Hyland Software’s OnBase, saving them approximately $100,000 per year. The Institute of Financial Operations presented Moen with the Huntington Bank Innovation Award, recognizing the creative use of advanced technologies, tools and processes in the areas of financial operations.   Continue Reading +

Looking to Improve Your Companies Financial Health?

The management of working capital, particularly accounts receivable (AR) is an important measure of a company’s financial health.  Often these AR operations can be highly inefficient as a result of the lack of integrated systems for order-to-cash management. Receivables and Collections Management (RCM) solutions can address this challenge by providing fully integrated, order-to-cash solutions that enable companies to achieve significant financial operational benefits.  RCM solutions can drive automation, workflow and collaboration across the order-to-cash cycle and provide detailed analysis and reporting capabilities to support critical decisions. PayStream Advisors actively works with managers and decision makers in the Fortune 1000 corporations to provide them with deep insights on financial process improvement and neutral viewpoints about available solutions in the market.   Continue Reading +

Direct Insite Delivers Invoices On-Line ePayments Services Portal to One of North America's Largest Suppliers of Automotive Replacement Parts and Supplies

Direct Insite, a provider of cloud-based e-invoicing solutions for accounts payable, accounts receivable and payments automation, today announced that it has delivered its Invoices On-Line (IOL) portal to one of North America's largest providers of automotive replacement parts, accessories and supplies. The parts supplier is initially using the Invoices On-Line's ePayments Services portal to electronically receive and process payments from its commercial customers, immediately improving the parts supplier's Days Sales Outstanding (DSO).   Continue Reading +

Coupa’s Strong Growth Accelerates into 2012

Consecutive growth highlights Coupa’s trajectory as a dominant leader in Cloud Spend Optimization. Coupa Software, a cloud spend optimization software provider, recently announced a highly successful first quarter in 2012, extending the growth momentum announced at the end of 2011 and citing a 130% percent rise in Annual Contract Value this quarter over the prior year’s quarter.  This marked the 13^th consecutive quarter of new annual contract value growth. As a testament to Coupa’s growing traction in the market, a seven-figure deal with the Independent Purchasing Cooperative (IPC) of SUBWAY was closed in 2011.   Continue Reading +

OnBase Mobile Empowers Insurance Personnel in the Field

Field staff can now use Hyland Software’s mobile ECM solution to capture information and manage processes froom anywhere, anytime. Insurers can now take advantage of the capabilities of OnBase, Hyland Software’s enterprise content management (ECM) software suite, using mobile devices. With instant access to information, on or offline, OnBase Mobile empowers field agents to manage business processes from anywhere, removing decision-making bottlenecks in the field. The OnBase Mobile solution empowers field personnel to both capture and access a variety of information while in the field.   Continue Reading +

Billtrust and OB10 Partner to Offer More Invoice Connections to More Customers

Invoice solution providers extend services to bring greater efficiency to both accounts receivable and accounts payable departments. Billtrust, a provider of outsourced billing services, and OB10, the e-Invoicing network, have partnered to offer business-to-business billers a solution for easily and cost-effectively connecting to the global OB10 network. In this collaboration, Billtrust customers can seamlessly deliver their invoices to the OB10 network, enabling them to satisfy their customers’ desire to receive electronic invoices directly into their financial systems.   Continue Reading +

Basware Implements PEPPOL Compliant Standards Across its Entire Range of e-invoicing Solutions

Basware, a provider of e-invoicing and purchase-to-pay solutions, has successfully built PEPPOL (Pan-European Public Procurement Online) compliant procedures and protocols into all of its e-invoicing solutions, expanding commerce opportunities for its customers across Europe.   Continue Reading +

PayStream Headed to Fusion

The PayStream gang will be packing its bags and heading to Nashville, TN for the Fusion 2012 conference.  Be sure to stop by the PayStream Advisors booth (#321) to learn about PayStream’s financial automation research and consulting services. PayStream will be hosting four educational   Continue Reading +

Companies Cashing In On Purchasing Card Savings

Purchasing Card programs are on the rise, more companies seeking information on p-card solutions. Purchasing Card (P-Card) usage is on the rise.  More companies are now reaping the benefits of P-Card programs to streamline the procure-to-pay cycle, allowing organizations to procure goods and ser   Continue Reading +

Multinational Corporations Seek Cross Border eInvoicing Solutions

The concept of electronic invoicing or eInvoicing is certainly not new, as it has been in the market for over ten years now.  However, we are starting to witness a shift in the global market for eInvoicing solutions.  PayStream research indicates that widespread buyer adoption by multinat   Continue Reading +

Emdeon Pick’s Ariba’s Cloud-Based Solutions to Enhance Procurement Process

Healthcare revenue and payment cycle management solutions provider injects sourcing process with cloud-based applications to help identify savings As the single largest financial and administrative information exchange in the U.S.   Continue Reading +