It’s no exaggeration to say that during the pandemic there has been an explosion in the numbers of people and businesses paying money to, or expecting payment from, marketplace platforms. As a result, it’s reckoned that the amount of switching to digital technology that was going to take five years has happened in the past five months. Which is great for both the users and the providers of fintech services.
Accounts Payable Automation (APA) technology streamlines and automates accounts payable processes, removing manual tasks and providing better visibility and control over important financial data. It enables companies to seamlessly process payments and invoices in a digital workflow without any human intervention.
Growth has been particularly significant at gig-economy platforms like Freelancer.com, and training and skills improvement platforms such as Skillshare. Many investors are looking for ways in to these sectors. In August 2020, Skillshare announced $66 million of new funding from investors who want to be part of its massive expansion. Such rapidly expanding platforms require continual tech input and support in order to scale fast enough.
This article was first published by Crowdsourcing Week, continue reading it at https://crowdsourcingweek.com/blog/top-10-automated-account-payables-for-tech-startups/