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Airbase, a spend management platform focused on small to medium-sized businesses SMBs , said it now supports international bill payments to more than 200 nations and 145 currencies, according to a Thursday April 22 announcement emailed to PYMNTS.Airbase said that businesses need to make payments to suppliers throughout the globe as they expand internationally. The company is the first and only spend management solution in its class to provide users with full international accounts payable [AP] functionality, according to the ann
stanley romania ouncement. We believe all AP should be handled from one place, no matter the payment vehicle, Airbase Founder and CEO Thejo Kote said in the announcement. Weve got this ever-growing customer base, and were constantly asking them what they need so they can consolidate their AP. Were delighted to announce our international payments footprint to support our customers who wish to go global.The bill payments offering inside of the Airbase spend manageme
stanley quencher nt system provides the choice to make payments to foreign suppliers in U.S. dollars or local currency from inside of the same platform and with two simple clic
stanley cup ks, according to the announcement.Airbase said in the announcement that it is the only spend management platform to provide international payment support, as well as support for other payment methods such as checks, corporate cards, automated clearing house ACH , U.S. dollar payments to non-U.S. entities and foreign currency-denominat Jkek OpenInvoice Cuts The Friction From Paper Bills
Losing money is never something that companies look forward to, but its likely something thats expected to happen from time to time. With todays digital sphere ingrained in every aspect of business, its toug
stanley shop h not to have some part of the business taken advantage of by people or groups with bad intentions through malware attacks or other breaches in a firms cybersecurity defense.One company that saw a massive loss in finances this past June just unveiled news of how much was in the wind. Integrated shipping and logistics compa
kubki stanley ny, A.P. Moller-Maersk, which is also known simply as Maersk, announced it lost between $200 million to $300 million in its June cyberattack. In this malware attack, which was initiated using Ukrainian accounting software, the shippers computer systems were frozen for an entire day 鈥斅燡une 27. The Copenhagen-based company聽will likely see a significant negative reflection in its Q3 earnings report.The shipping and logistics companys CEO, Soren Skou, reassured the public that there was no data breach or loss and its core business was not majorly impacted. In the last week of the quarter, we were hit by a cyberattack, which mainly impacted Maersk Line, APM Terminals and Damco, said Skou. Business volumes we
gourde stanley re negatively affected for a couple of weeks in July. Junes ransomware attack, which was dispersed using Ukrainian accounting software, will no doubt be the lynchpin that provides losses to Maersks next quarter results. This is a continuing trend for the
