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PgPg 12 4 Saturday 30th November 2024 | No. 94
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Modulr acquires accounts payable automation disruptor Nook M ODULR, THE EMBEDDED PAYMENTS PLATFORM, TODAY ANNOUNCES ITS ACQUISITION OF NOOK, AN INNOVATIVE DISRUPTOR IN ACCOUNTS PAYABLE (AP) AUTOMATION. Both companies share a mission to address inefficiencies, remove manual steps and enhance the security of business payments These are significant concerns, as highlighted by Modulr’s survey of 250 ac-
counting practices which revealed that nearly half (45%) of respondents spend over three hours per week on manual data entry.
Today’s businesses often have no choice but to use multiple platforms to manage their financial operations, from paying supplier invoices to processing payroll, managing treasury, and accessing finance. For instance, 60% of large companies use at least five separate systems just for accounts payable.
Modulr is bringing Nook’s comprehensive functionality to its established network of thousands of accountants and businesses already using its innovative and award-winning payment products. Security and efficiency remain central to both platforms, with features such as Confirmation of Payee (CoP) to validate account details in real-time, helping prevent fraud across payment processes.
Airwallex Spend: Revolutionising Fishbowl Inventory Unveils business spend management, with Fishbowl AI Insights ai-powered automations at every step
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EDUCING THE AMOUNT OF TIME SPENT MANAGING SPEND AND EXPENSES IS CRITICAL IN FAST-PACED BUSINESS ENVIRONMENTS. THIS IS ESPECIALLY IMPORTANT FOR BUSINESSES WITH INTERNATIONALLY BASED VENDORS OR EMPLOYEES. We understand the challenges that come with juggling multiple financial processes across your global business, which is why we are thrilled to in-
troduce Airwallex Spend. It’s our integrated suite of spend management tools, that includes Borderless Cards, Expense Management and Bill Pay applications. These are designed to reduce the time and number of tools businesses need to manage their finances with an all-in-one global platform. Airwallex Spend is powered by AI-automations, and has fast and efficient financial rails to pay global suppliers built-in.
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Addressing the pain points in managing business spend Managing business spend is often fraught with challenges that can hinder efficiency and financial control. We recently commissioned NewtonX to survey 500 UK-based companies about their business spend management, and found that across these businesses, they face several common pain points.
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AccountsPrep: New add-on for clients with no ledger
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AI Revolutionizing Inventory Management for SMBs Using Xero and QuickBooks
ISHBOWL INVENTORY, THE PREMIER INVENTORY MANAGEMENT AND MANUFACTURING SOFTWARE PROVIDER, IS PROUD TO ANNOUNCE THE LAUNCH OF FISHBOWL AI INSIGHTS. Powered by ConverSight, this cutting-edge reporting solution is designed to empower small and medium-sized businesses (SMBs) using Xero and QuickBooks with a new level of actionable analysis across their entire business.
Fishbowl AI Insights introduces an embedded AI capability offering instant access to crucial business data and insights directly at a users’ fingertips. With this new proprietary tool, businesses can make informed decisions with the ability to access and analyze their sales, purchasing, forecasting, MRP, inventory, costing, manufacturing, BOM and operations data like never before. This new use of data means cost savings, optimiz-
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Saturday 30th November 2024
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ing inventory and improving profitability—all without the technical know-how typically required for advanced data analysis. “We are excited to deliver Fishbowl AI Insights to provide tangible and measurable value to business operators who can make better business decisions that drive cost savings and improved profitability,” said Kendrick Hair, the company’s chief evangelist.
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