PYMNTS

APRIL 28, 2020

Moving from paper to digital has evolved for business-to-consumer (B2C) payments in recent years, but upgrading business-to-business (B2B) payments has taken longer. There are more tools available than ever to help SMBs move their accounts payable (AP) and accounts receivable (AR) processes forward to become more efficient.

B2C 94

B2C AP Processes B2B accounts payable 94

PYMNTS

SEPTEMBER 14, 2020

But B2B eCommerce is not the same beast as B2C. The core difference between B2B and B2C is that in B2B, the individual researching and buying has a job to do,” King said. It's a small but fundamental difference in mindset between B2C and B2B digital transformation.". It is their job. The payments experience is part of that.

B2B 107

B2B B2C Manufacturing accounts payable 107

PYMNTS

JUNE 20, 2019

This isn’t merely an issue for the B2C world, however. In accounts payable and accounts receivable, rising fraud mitigation efforts may also lead to more false positives, leading to declined commercial card transactions, misplaced suspicion between buyers and suppliers, delays in invoice processing and more.

B2B 73

B2B accounts payable B2C Technology 73

PYMNTS

FEBRUARY 1, 2021

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time.

B2B 94

B2B Technology accounting and finance accounts payable 94

PYMNTS

OCTOBER 29, 2019

Developers are increasingly exploring how to address some of the biggest B2C payment friction points in the market, most notably the pain of renters making monthly payments to landlords, often via paper check or clunky, fee-heavy online payment portals. All types of real estate sectors have different accounting and financial needs.”

B2C 41

B2C Real Estate B2B Technology 41

PYMNTS

DECEMBER 30, 2020

Accounts payable (AP) departments were no longer in the office to cut paper checks, and accounts receivable (AR) personnel were no longer in the office to receive them. For some B2C firms, that meant expanding into the B2B market.

B2B 119

B2B Technology accounts payable accounting and finance 119

PYMNTS

FEBRUARY 10, 2020

. “The SnapPay integration with [the] SAP digital payments add-on helps meet the unique needs of B2B and B2C customers,” said Dr. Oliver Kroneisen, vice president and head of financial operations development at SAP. “Brewster Home Fashions exemplifies how our continued commitment benefits customers.”

B2B 67

B2B accounts payable AP Processes B2C 67

PYMNTS

OCTOBER 2, 2019

As a result, he predicted that the entrenchment of faster payments will be a linear progression that moves from consumer-to-consumer (C2C) to consumer-to-business (C2B), then to business-to-consumer (B2C) to business-to-business (B2B). So, from the beginning, start with the individual consumer. It’s a delightful customer experience,” he said.

B2C 81

B2C B2B accounts payable Education 81

PYMNTS

JANUARY 17, 2020

Accounts payable (AP) automation technology has hit the ground running, with solutions designed to accelerate invoice processing, optimize payment strategies and promote digital adoption. It’s among the biggest differences between B2B and B2C payments, Bar noted. ” Finding A Middle Ground. .” The result?

B2B 61

B2B AP Automation Technology accounts payable 61

PYMNTS

DECEMBER 26, 2019

The last decade of B2B FinTech innovation not only led to an explosion of product options for businesses to manage a variety of processes, including accounts receivable (AR), accounts payable (AP) and accounting.

accountant 53

accountant Account accounted B2B 53

PYMNTS

JUNE 13, 2019

It seems an especially low number when considering this stat: Only 3 percent of companies meet customer demands for instant business-to-consumer (B2C) payments. Stepping back from the granularities of B2C and B2B payments, though, the executive said the groundswell of faster payments is inexorable. Why B2B Lags. The Larger Picture.

B2C 66

B2C B2B Real Estate accounts payable 66

PYMNTS

FEBRUARY 24, 2020

Unlike simpler more streamlined business-to-consumer (B2C) purchasing, B2B sellers still ship goods or extend services on the promise of being paid later on an unspecified date, usually months. Those movements are being closely observed by cyber villains looking for their next big score. After all, B2B eCommerce will be a $1.1

B2B 73

B2B B2C accounts payable Technology 73

PYMNTS

MARCH 2, 2020

Corporate payments innovation has cast a wide net to tackle the many pain points businesses experience today, with accounts payable (AP) one of the most popular targets for disruptors. Many of the emerging payment scenarios are business-to-consumer (B2C), Mason explained, and stretch into many verticals.

B2C 60

B2C accounting and finance accounts payable Construction 60

PYMNTS

DECEMBER 31, 2019

Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. The negative impact that these increasingly outdated methods have on both senders and receivers has mostly been ignored, however. Manual processing challenges.

AP Processes 61

AP Processes AP Automation Technology accounts payable 61

PYMNTS

FEBRUARY 16, 2018

While WeTravel primarily operates in the B2C payments space, the payments company — which enables entrepreneurs and small travel companies to accept and manage payments for group travel — recently told PYMNTS it is open to exploring an entrance in the corporate travel space as well. Accounts Payable Automation. Corporate Travel.

B2B 49

B2B accounts payable Accounts Payable Automation Technology 49

PYMNTS

FEBRUARY 6, 2019

Coverage includes Deposit Solutions ’ rollout of business-to-consumer (B2C) open banking channel Savedo in Switzerland. Yooz launched an automated accounts payable (AP) solution based on the cloud for the U.K. Yooz launched an automated accounts payable (AP) solution based on the cloud for the U.K. In the U.K. ,

B2C 43

B2C Retail AP Automation Technology 43

PYMNTS

DECEMBER 30, 2020

Snap Accounts Payable, otherwise known as SnapAP, has announced the completion of the first stage of funding from angel investors as it continues on its way toward a planned $2 million seed investment round.

B2B 84

B2B B2C accounting and finance accounts payable 84

PYMNTS

JULY 16, 2020

Force-fitting a B2C-based eCommerce platform for a B2B sales context can mean a lack of payments features corporates need, like the ability to facilitate check transactions and establish custom payment terms. Payments workflows are a particularly large hurdle in this space. ”

B2B 59

B2B B2C accounts payable Manufacturing 59

PYMNTS

FEBRUARY 14, 2017

Mastercard struck a deal to help automate the accounts payable process for businesses in the United Arab Emirates , reports said Sunday (Feb. The credit card firm inked a partnership with technology firm Swipezoom, which operates in both the B2B and B2C spaces. ”

Technology 40

Technology accounts payable B2C B2B 40

PYMNTS

JULY 14, 2017

Disruptors in B2B payments have an opportunity to access larger profit margins, it continued, in a market less saturated than the B2C payments space. The FinTech industry has risen to the challenge of knocking out many of those legacy solutions, and innovation in accounts receivable and accounts payable is on the upswing.

accounts payable 46

accounts payable B2B Technology AP Automation 46

PYMNTS

JUNE 8, 2020

That’s the idea behind VeganPay , a new B2B and B2C payments solution rolled out by VeganNation , a U.K. For some markets, the “build” strategy may be more effective at improving B2B payment workflows that address those nuances. organization dedicated to fostering growth and sustainability of the global vegan community.

Technology 63

Technology B2B B2C accounts payable 63

CPA Practice

APRIL 30, 2024

E-Invoicing Compliance for Continuous Transactions Controls: Add transaction compliance to accounts receivable and accounts payable processes with industry-leading B2B e-invoicing and B2C e-receipt capabilities. We also help you understand and validate key exemptions and reduce audit risk.

Tax 52

Tax Technology B2C accounts payable 52

PYMNTS

OCTOBER 6, 2020

Every company in the world is wrestling right now with their accounts payable (AP) and accounts receivable (AR) and they are pondering why they are still reliant on physical checks. Those platforms make it easier for buyers and suppliers to transact in a “consumerized” manner that echoes the simplicity of B2C commerce today.

B2B 84

B2B Technology accounting and finance B2C 84

CPA Practice

MAY 10, 2024

E-Invoicing Compliance for Continuous Transactions Controls: Add transaction compliance to accounts receivable and accounts payable processes with industry-leading B2B e-invoicing and B2C e-receipt capabilities. We also help you understand and validate key exemptions and reduce audit risk.

Tax 52

Tax Technology B2C accounts payable 52

PYMNTS

AUGUST 15, 2018

However, accounts payable (AP) service providers have more on their plate than simply making it easier for companies to pay their invoices digitally. Scott noted that one of the biggest reasons why is service providers’ failure to adequately address vendors’ needs in the accounts receivable department.

B2B 40

B2B accounts payable B2C Technology 40

PYMNTS

NOVEMBER 3, 2020

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. One FI, First Bank, told the publication why B2B use cases are upping the demand for real time.

B2B 56

B2B B2C accounts payable Healthcare 56

PYMNTS

SEPTEMBER 4, 2018

But Deutsche Bank’s report suggests corporates are headed towards real-time payments disruption — even if they don’t deploy real-time payments for their accounts payable operations. “As

B2C 40

B2C accounts payable Technology B2B 40

PYMNTS

FEBRUARY 11, 2020

B2C Brands’ B2B Risks. “In one of the most damaging Media File Jacking attacks, a malicious actor can manipulate an invoice sent by a vendor to a customer, to trick the customer into making a payment to an illegitimate account,” warned Symantec in a blog post at the time. A Proliferating Threat.

Technology 58

Technology B2B B2C accounts payable 58

Cherry Bekaert

APRIL 23, 2024

The use of artificial intelligence in customer service automation has by now become table stakes, especially in the b2c arena. Current approach: Teams of people looking through accounts payables and accounts receivables trying to discern compliance and payment terms, looking for anomalies and discrepancies.

Technology 134

Technology Manufacturing B2C accounts payable 134

PYMNTS

MAY 4, 2018

“B2B payments innovation seems to fall behind B2C and P2P,” she said. B2B payments haven’t necessarily taken up the capabilities so quickly, however, largely attributed to businesses’ need to manage cash flow by strategically timing accounts payable.

B2B 46

B2B accounts payable B2C Start-ups 46

PYMNTS

APRIL 22, 2016

The venture capital world lit up last week with reports that B2B tech startups are now seeing increased funding, raising money at a faster pace than B2C startups. Transactis’ Series E funding is a massive show of support by traditional FIs for the digitization of the accounts payable and B2B payments space.

B2B 40

B2B B2C accounting and finance accounts payable 40

PYMNTS

OCTOBER 31, 2019

With FinTech innovation yielding more choices than ever for both billers and payers, cost often emerges as the key driver behind what solutions users adopt — both in the business-to-consumer (B2C) and business-to-business (B2B) context. That PO must be sent to a vendor, which must then process that document and send back an invoice.

B2B 41

B2B B2C accounts payable Sales 41

PYMNTS

SEPTEMBER 4, 2018

As instant payment schemes continue to roll out across the world, this not only impacts B2C companies, but also has a knock-on effect on the full value chain of globally connected corporates,” said Deutsche Bank Head of Cash Products, Global Transaction Banking Shahrokh Moinian in a statement announcing the report.

Technology 44

Technology B2B B2C accounts payable 44

PYMNTS

MAY 24, 2018

“The difficulty managing multiple payment service providers exists for both B2B and B2C eCommerce players,” Oren Levy, founder and CEO of payments company Zooz , noted in a recent interview with PYMNTS. “At their core, merchants want more clients buying a product or service. .

B2B 45

B2B B2C E-commerce accounting and finance 45

PYMNTS

NOVEMBER 7, 2018

Users can identify recipients by their registered mobile phone numbers, FPS IDs or email accounts, rather than through their bank account numbers — a critical feature expected to make businesses feel more secure, Boey said. Not many corporates want to divulge their [bank] account numbers to their customers,” she said.

B2C 49

B2C accounts payable Retail B2B 49

PYMNTS

AUGUST 24, 2018

Investors also took a liking to accounting technology, alternative small business finance and eProcurement, with B2B FinTech startups raising more than $107 million in all. million to the company that deploys machine learning to accelerate supplier payments in the accounts payable department. In all, Previse raised $6.8

B2B 40

B2B Finance bookkeeping B2C 40

PYMNTS

DECEMBER 23, 2020

Businesses that are quick to embrace new technologies that can help them remove redundancies in their O2C processes are likelier to be more adept at adjusting to the changing dynamics brought on by the pandemic and will be better positioned to keep up with competition as B2B commerce goes global and becomes as interconnected as the B2C world.

B2B 71

B2B B2C Technology Sales 71