Today in B2B payments, Vic.ai eyes the future of artificial intelligence (AI) in accounts payable (AP), and Lloyds teams with Visa on straight-through processing for corporate cards. Plus, SimpliFi discusses corporate Cards-as-a-Service, Nexelus launches an AP solution, and Chaser debuts embedded credit checks.
The Middle East, North Africa (MENA) region is highly fragmented with varying regulatory regimes and a high population of under-banked individuals and businesses. SimpliFi Founder and CEO Ali Sattar explains how an as-a-Service approach to B2B card issuance and payouts can overcome these hurdles.
Nexelus has released its cloud-based solution apworks.ai, the operational software maker announced on Tuesday (Aug. 3). The company said the product addresses the manual practice and high costs of AP processing, automating and simplifying the process with AI and machine learning technology.
Chaser has launched a credit checking feature that helps businesses learn more about their customer payment behaviors, the U.K.-based accounts receivable automation software firm said. Rolled out Tuesday (Aug. 3), the tool is designed to help companies make more informed decisions on those they do business with.