LightSource Labs emerged from stealth Tuesday (April 15) and said it raised $33 million in seed and Series A funding to scale its artificial intelligence (AI)-native enterprise procurement platform. The company will use the funding to scale its team, continue enhancing its platform’s capabilities and...
It’s about time for B2B firms to ensure their payment processes align with the digital expectations of the next generation of decision-makers. The latest PYMNTS Intelligence in the March 2025 “Business Payments Tracker®” series reveals that in a push to modernize business payments and mirror...
When productivity stagnates, costs rise anyway. Economists call it Baumol’s effect, and it’s exactly what is happening in back offices across the United States and beyond. The modern enterprise is more complex than ever before. Companies increasingly manage multiple entities across jurisdictions, all needing to...
Today’s businesses are faced with a trifecta of challenges. Organizational leaders must navigate technological advancements, economic pressures and shifting B2B expectations. In era where resilience is the new return on investment (ROI), finance teams are becoming architects of defensive, strategic momentum. They’re designing back offices that...
Branch added a “full-service paycard” to its workforce payments platform. The paycard is delivered through the Branch App and Card, enables payments to a dedicated bank account and allows employers to provide workers with a path to a complete banking experience, the company said in...
The business landscape hasn’t gotten the memo about moving entirely to digital payments. Despite technological advancements and increasing calls for modernization, progress in the migration from paper-based payment systems to digital alternatives remains slow. There are still a lot of memos being passed around. “It’s...
Digitizing B2B payments is typically a one-way street. Businesses don’t typically revert to paper payments after embracing technological advancement. But that doesn’t mean some firms don’t still need a little push to get the ball rolling. While digitizing B2B payments may look different for every business,...
The business landscape is challenging, but firms are increasingly flush with innovations designed to beat back any operational challenges with cutting-edge tech. Artificial intelligence, for example, has become a linchpin of modern financial operations, reshaping processes from fraud detection to credit risk assessment. As companies...
While the back offices of many large enterprises are hindered by technologies from the 1990s, others are embracing new digital solutions. Despite institutional inertia, innovation remains non-negotiable in the evolving landscape of B2B payments technology. The latest frontier? Agentic artificial intelligence (AI), an evolution of...
