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Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. Each card payment is then assigned a virtual number tied to a commercial card account. Simfoni Joins Vroozi’s Cloud-Based Procure-To-PayPlatform.
For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Illustrating the process, Blair pointed to the hypothetical corporate buyer who uses their procure-to-payplatform to source and buy laptops from an office supply firm.
Today in B2B payments: Visa collaborates to open up small business banking data, while Mastercard drives commercial card adoption across the MEA region. Plus, American Express eyes social media shoutouts for small firms, Veem launches a domestic B2B payments tool and Billtrust embraces machine learning. SMB economy. 18) press release.
Juvo Technologies wants to extend its presence within the procure-to-pay space and announced an acquisition to help it do so. Reports late last week said the technology firm has acquired Vendorin , a B2B payment technology and enterprise solutions company, to help Juvo build out a procure-to-payplatform.
It was one of the biggest weeks for B2B FinTech investment in months. based procure-to-payplatform that aims to link companies with a consumer-like eCommerce experience in the procurement department. Accounting. eProcurement. Tradeshift. BuyerQuest. BitPesa secured $2.5 and the U.S.
Accounts payable automation company Transcepta has added a new way to support B2B transactions. 1) that it is introducing a dynamic discounting feature into its cloud-based AP automation and procure-to-payplatforms. The company announced Thursday (Dec.
Transcepta, a procure-to-payplatform, is ramping up its use of artificial intelligence (AI), the company said late last week. In an announcement , the company said its leveraging of AI and predictive analytics technologies can enable smarter procurement decision making.
Procure-to-pay software company Yooz plans to expand into the U.K., A press release revealed that the company will make its automated accounts payable (AP) solution available to U.K. Yooz currently integrates into an array of accounting and enterprise resource planning (ERP) platforms.
Driving efficiency in accounts payable (AP) can stem from an array of efforts. In addition, adopting a digital accounts payable platform can streamline operations, as well as open access to digital data for analytical and process automation purposes. ”
29), with Tradeshift integrating its B2B network of buyers and suppliers with Genpact’s Cora digital business platform. Tradeshift Chief Commercial Officer Rinus Strydom added: “Genpact is a leader in finance and accounting, with decades of experience running operations for numerous global Fortune 500 companies.
Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. VAT regulations are behind the latest updates to procure-to-pay company Direct Commerce, which offers a range of services for B2B suppliers and buyers to facilitate business.
The procure-to-payplatform of the Ariba Network revealed last week a new joint venture with the supply chain financing solution offered from PrimeRevenue. An investor finances that invoice for the buyer, cash lands in the bank account of the supplier and the buyer is tasked with repaying the loan.
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