The surge in demand for digital payments and back-office automation in the restaurant and hospitality industries has also driven Plate IQ’s dominance in AP automation with over 50,000 invoices processed daily from 20,000 business locations. Since March 2020, Plate IQ has added over 8,000 customers and processed over $2 billion in invoice payments through the VendorPay network xxnightmarexx yt video as of October 2021 – a testament to the secular shift in favor of digital payments as a response to the pandemic. Seven years later, the company reportedly processes more than 50,000 invoices daily and more than $1 billion in direct vendor payments annually, serving more than 20,000 customers across restaurants as well as hotels, country clubs, and accounting services.
That means more companies than ever are shifting to online accounts payable, payments and reconciliation. Come help us build a new world where finance professionals can get their work done remotely. Kaul, who has led Plate IQ as chief executive officer since 2014, will now transition to the role of president.
Which provides payroll, benefits and human resources administration to companies. • Pakistani FinTech deal activity reached 24 deals from Q1-Q and is on track to decrease 16% based on activity in the first… Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Teampay, an all-in-one purchasing platform, has raised $47m in Series B funding to bolster its accounts payable solutions and expand cross-border payment capabilities. Tradeshift is a flexible, business commerce platform to digitally connect companies through cloud-based, collaborative accounts payable and procurement automation. Companies can buy, sell, and tailor B2B solutions to meet individual needs.
The funds will be used to continue developing its underlying technology, Airpay said, and to focus on sales and distribution. Airpay enables businesses to accept payments from both consumers and businesses and targets the medium-to-large enterprise space. Its platform supports omnichannel payments and enables its business customers to similarly make payments across platforms.
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With a focus on the restaurant industry, PlateIQ provides accounts payable automation solutions and streamline accounting processes. The company announced $4 million in funding this week led by Eileses Capital. Initialized Capital, Restaurant Group, the Y Combinator Continuity Fund and the Tamares Group also participated, according to reports.
Tipalti provides a cloud based technology platform aimed at mid-market companies, who have traditionally been underserved by banks, to streamline all phases of the global accounts payable workflow. The solution streamlines and optimizes businesses’ end-to-end global payables workflow, while giving companies access to cross border payments, currency conversion, and payments across a wide range of methods. We simplify everything from invoice management to payments for both recurring and one-time expenses with a cloud-first approach that enables remote work. As pandemic-related supply chain woes mount, a gap is growing between vendor expectations of receiving payment and businesses’ ability to process and pay invoices on time. LodgeLink offers a digital B2B workplace travel platform that connects hotels, remote camps and lodges, ground transportation and airlines, duty of care, and other service providers with businesses seeking crew-transportation solutions. The startup’s platform facilitates workforce logistics management to provide visibility and cost control, with the goal of creating efficiencies for accounts payable technologies and consolidating payments for an organization’s crew travel.