article thumbnail

B2B eCommerce Differentiates Itself From Its B2C Cousin

PYMNTS

The importance of the customer experience in B2B eCommerce comes as no surprise, considering the role it played in driving B2C commerce companies like Amazon to the top of the global enterprise ranks. It’s also no surprise, then, that B2C giants like Amazon are looking to strengthen their position in the B2B game, acknowledging that $1.2

B2C 43
article thumbnail

How to Collect Cash Faster for your Business

Basis 365

Any B2B business—and even some B2C companies—that delivers its products or services before receiving full payment faces similar issues. Coordinate with Accounting: Keep the accounting team informed of project progress so they can invoice immediately upon milestone completion if they generate invoices.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Virtual Prepaid Tackles Biz Payments Friction Beyond AP

PYMNTS

Many of the emerging payment scenarios are business-to-consumer (B2C), Mason explained, and stretch into many verticals. Beyond B2C, organizations’ employee and gig worker payments are growing in complexity as well, particularly as these professionals get hired from across borders. From Gig Workers to Rebates.

B2C 60
article thumbnail

Finding The Tech-Human Balance In B2B Payment Optimization

PYMNTS

B2B payments are messier than B2C payments," said Chanda. You have invoice aggregation, multiple account numbers with vendors, short payments, disputes and credit memos.". APIs have similarly become valuable tools to automate reconciliation and accounting via interconnectivity between AR, AP and accounting systems.

B2B 114
article thumbnail

Fundbox Pay Expands To B2B Marketplaces

PYMNTS

In terms of payments technology and alternative lending, B2C and B2B may be respectively seen as digital versions of the hare and tortoise. trillion within two years, and will account for 13 percent of all U.S.-focused This is a major gap in a market that is three times the size of B2C,” he told Webster. focused B2B sales.

B2B 63
article thumbnail

How Payment Variety Drives Collections Flexibility For SMBs

PYMNTS

It’s what they’ve always done, and it works with their accounting system.”. Let me get my money in the most convenient way possible, because that is going to increase my loyalty with my customers, whether they be B2B or B2C.”. It’s muscle memory,” she said of the ongoing use of the paper invoice. Why Friction Persists.

B2B 64
article thumbnail

What B2B Payments Providers Get Right — And What Still Needs Work

PYMNTS

.” He pointed to electronic data entry automation in vendor accounting systems as one area of B2B payments innovation in which “there’s still work to be done.” ” This poses a challenge for B2B payments and AP innovators, left without a blueprint from the B2C world on how to innovate.

B2B 40