“The company said it will use the fresh funds for team expansion, product development and scaling distribution to serve more businesses. FloBiz will also focus on building additional technical capabilities within the organisation, as it prepares to venture into financial services soon.”

“Wells Fargo & Company (NYSE: WFC) today announced the availability of Integrated Receivables, a new Accounts Receivable (AR) service that uses artificial intelligence, machine learning, and robotic processing to help simplify payment and remittance data capture, re-association, and invoice matching…Artificial intelligence and machine learning technology enables Integrated Receivables to correct errors and improve matching logic over time, which can help companies devote less time and resources to manually applying payments.”