Press Releases
On September 17, 2025, DATABASICS announced the launch of the DATABASICS Visa® Business Card powered by PEX, a credit-based solution that offers finance teams an embedded card alternative, combining real-time visibility, enhanced control, and faster financial reconciliation. The product is now available to customers in the United States.
On September 24, 2025, Zycus announced the launch of Zycus Pay, powered by TransferMate, embedding global payment infrastructure into its Source-to-Pay platform. Supporting multi-currency and multi-method payments, it aims to streamline corporate finance and procurement processes.
A survey released by Wolters Kluwer at the North American CCH Tagetik inTouch25 conference shows that 86% of North American finance teams are still in the early stages of AI adoption. Among them, 53% are exploring AI use cases, 33% are piloting in specific areas, and only 6% have achieved scaled implementation. The survey also highlights challenges faced by finance teams in evaluating AI return on investment and aligning leadership strategy.
DualEntry, an AI-native ERP company, announced the completion of a $90 million Series A funding round, led by Lightspeed Venture Partners and Khosla Ventures, with participation from GV (Google Ventures) and others. The company aims to reshape the traditional ERP market with AI and has processed $100 billion in journal entries.
Personiv's latest survey shows that amid macroeconomic volatility, corporate executives are accelerating investments in agility, technology, and talent. 64% of leaders believe the impact of macro changes in 2025 is "extremely significant," 70% of companies have applied AI, and forecasting and budget optimization have become top priorities.
Raindrop Systems has released a research report titled "Ambition and Attrition: Procurement and Finance Leaders Must Bridge the Growing Gap Between AI Ambition and Operational Agility." The survey shows that 83% of procurement and finance professionals feel directly responsible for innovation in their organization's procurement strategy, but only 27% say they can fully deliver under current conditions. The report notes that 55% of organizations still prioritize cost control over flexibility, with 48% of leaders measuring success by cost savings and 43% by risk mitigation.
QNB Group has entered into a strategic partnership with TransferMate to expand global multi-currency collection capabilities for enterprises. The collaboration will integrate TransferMate's embedded B2B payment technology to provide corporate clients with more efficient cross-border collection services, marking TransferMate's first banking partnership in the Middle East.
Relay Commerce announced the acquisition of SavedBy on November 3, 2025. Founded in 2021 and headquartered in Lakewood, Colorado, SavedBy provides risk management technology for package loss, damage, or theft to hundreds of Shopify merchants. This acquisition integrates package protection as a core part of Relay's merchant services, aiming to enhance post-purchase trust and reduce delivery friction.
SIB has appointed Shannon Copeland, an AI veteran with over 27 years of leadership experience, as CEO to spearhead a strategic overhaul of cost reduction. Copeland, who joined SIB in April 2024, will leverage the company's SpendBrain platform to transform cost management into a proactive, AI-driven discipline.
A study based on data from 27.2 million invoice processing records shows that 40% (or two-fifths) of invoices globally arrive without purchase orders, resulting in an annual blind spot of approximately $549 billion in unmanaged spending. Agentic AI solutions like Basware's InvoiceAI are expected to help enterprises automate the processing of non-PO invoices, reduce manual intervention, and improve financial efficiency.