This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Digital B2B payments innovations as diverse as machine learning (ML) automation, cloud-based enterprise resource planning (ERP) systems and virtual cards are gaining unprecedented traction as businesses move to build sustainable B2B payments operations outside of th e office. Around The B2B Payments For The Virtual Workforce World.
This week's Commercial Card Innovation Tracker finds Barclaycard and Visa among the latest to embrace v-cards to elevate employee spendmanagement and supplier payments. Barclaycard Debuts V-Card For Expense Management. Dubbed Precisionpay Go, the new Visa-powered solution supports digital spendmanagement for U.K.
In the wake of the pandemic, B2B payments have had to evolve. But in an interview with PYMNTS, Mary Beth Joiner , senior vice president of relationship management at Comdata Corporate Payments, said that there have still been pockets of resistance in making the great digital pivot.
When the B2B payments industry began considering what to expect for 2018, commercial cards weren’t often on the radar. Cards are still expected to account for only a minor fraction of B2B payments volume in accountspayable by the end of the year, after all, with ACH gaining traction as the go-to ePayments rail for corporate payers.
Corporate spendmanagement company Edenred is launching a new solution to help businesses gain greater visibility of their cash flow. The accountspayable (AP) tool will also offer a platform through which businesses can manage their cash flow and gain visibility into transactions.
The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The company said it plans to use the investment to further build out its lending operations. Negotiatus.
“Does your business want to improve its spendmanagement?”. Few CFOs would say “no” if asked that question: Spendmanagement is attractive to companies for obvious reasons, as even successful companies face margin pressures. Controlling spend doesn’t have to mean giving employees less capital to work with, said Duvedi.
Spendmanagement company Coupa has entered the realm of B2B payments. “The rise of globalization has created the need for cross-border payments, which has led to an increase in both the complexity of supplier payments and the efforts of accountspayable teams,” Coupa stated.
Cost containment solution provider Palmarius Advisors is rolling out an accountspayable (AP) automation solution designed to generate revenue and enhance spend control for corporate users.
Commercial card innovation continues to make big waves in the accountspayable (AP) department, as corporates and card issuers alike explore new ways to drive business spend on cards beyond business trips or ad-hoc purchases. American Express commercial cards have been a staple for many corporates over the years.
Accountspayable (AP) and accounts receivable (AR) personnel could no longer be in the office to handle paper, giving rise to the discussion of migrating away from physical invoices and other documents in favor of digital, automated solutions.
B2B payments innovation continued to heat up in 2019, with an ecosystem focused on transaction speed and data integration finding new opportunities to build innovative solutions that address some of the biggest B2B payment friction points. The Moving Target of B2B Friction. B2B Payments Digitization’s Next Frontier.
Spendmanagement is among the largest challenges for small business owners, according to research. Center, a spendmanagement firm, released a report last year which found that entrepreneurs struggle to set flexible spending goals and lack real-time visibility into spend data and budgets.
Business spendmanagement provider Corcentric has rebranded three companies it had previously acquired under its own moniker, including source-to-pay provider Determine , eBilling provider Netsend and Source One , which works in strategic sourcing, according to a Monday (Jan. 25) press release.
Accountspayable (AP) automation company Tipalti is expanding its reach into the market by partnering with three new B2B companies, which will extend Tipalti’s solutions to their own customers. The enhanced integration aims to strengthen control and communication for both ends of the transaction.
A summer lull in B2B venture capital appears to have given way to an impressive start to the fall season. This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding.
At the broader level, commercial card innovators — both within the T&E arena and elsewhere — are pressing further into the spendmanagement space, heightening the ability for businesses to control and analyze expenses as more companies tighten their belts and focus on recovery. Amadeus B2B Wallet Expands Functionality.
Visa ‘s next initiative to disrupt B2B payments is focusing on the real estate market. The company is pairing up with Nexus Systems , a provider of accountspayable (AP) solutions for the real estate industry, to streamline supplier payments for joint customers, the companies said in a press release Wednesday (Sept.
As more technology emerges to sit between a company’s accountspayable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations. Crowdz Pilots Invoice Crowdfunding.
From a mobile app to beefed-up rewards, the latest solutions are embracing the shift of spend to the card. Expense management and accountspayable (AP) automation solution provider Emburse is rolling out new card solutions designed to help organizations manage their travel spend.
Coupa is enhancing its B2B payments solution Coupa Pay with the help of several top players in the payments space. On Wednesday (June 26), Coupa announced partnerships with PayPal, Stripe, Citi and TransferMate to broaden capabilities of its business spend solution.
Coupa is enhancing its B2B payments solution Coupa Pay with the help of several top players in the payments space. On Wednesday (June 26), Coupa announced partnerships with PayPal, Stripe, Citi and TransferMate to broaden capabilities of its business spend solution.
Conferma Pay connects users to a network of travel management companies, online booking solutions and global distribution systems to book and pay for business travel, a service that CSI said will complete its accountspayable (AP) virtual payment capabilities.
In the world of B2B, direct sales models certainly have their benefits. Yet when the pandemic hit, for some industries this traditional B2B sales model was no longer sustainable. Without third-party distributors, brands can have a direct, more personalized relationship with their corporate customers.
We have a deep dive into spendmanagement in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Behind Sysco’s SpendManagement Switch To Cards. Gov’t Fights States’ Bid To Block Sprint, T-Mobile Merger Saying Move Would Slow 5G. Trackers and Reports.
This year was a period filled with payments innovation that saw no shortage of impact on the B2B payments space. For accountspayable professionals , that means new tools and technologies to automate processes and tackle some of the biggest challenges in this area: late supplier payments, document management and data accuracy, to name a few.
As payments giants like Visa and Mastercard shift the innovation spotlight onto B2B transactions, developers of new accountspayable solutions are ushering in a growing trend: designing payment tools not just for the payer, but for the B2B supplier as well. Below, PYMNTS looks at the latest in AP that does exactly that.
On the surface, investors were quite varied this week when it came to backing B2B startups. With more than $95 million in financing placed, startups across eProcurement, cybersecurity, logistics, alternative finance, blockchain and supply chain management secured support. PYMNTS breaks down the deals below. eProcurement. Logistics.
Business spend on travel reached $1.15 That certainly presents problems for spendmanagement, according to research from the Global Business Travel Association (GBTA) Foundation, which found last year that non-corporate payment methods like cash and personal cards are limiting businesses’ access to transparency travel spend.
Mastercard ‘s commercial card spendmanagement solution In Control has been integrated into the accountspayable (AP) automation platform of MineralTree , the companies said in a press release on Thursday (Jan. That collaboration similarly involves the integration of Mastercard In Control.
In B2B FinTech, spendmanagement is a greenfield opportunity as innovators explore how to help corporates understand the nuances of how money flows out of the enterprise. Historically, said Airbase CEO Thejo Kote, finance and accounting teams have been forced to work around the friction of a fragmented spend ecosystem.
Eved specializes in corporate event procurement and spendmanagement, having introduced EvedPay last year to streamline supplier payments for businesses’ event planners. 14), the company added a new feature to its suite of corporate event financial management solutions, Eved Data Insights. On Friday (Oct.
In an effort to help corporate buyers get on board with electronic payments in their accountspayable departments, B2B payments company WEX is launching a new platform to support the shift. 8) that it is rolling out an Integrated Payables application, a cloud-based, bank-agnostic tool that supports electronic payments in AP.
However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena. Finland’s Enfuce announced more than $11 million in new funding for its B2B financial services offerings, with Maki.vc leading the investment.
California-based global payables automation platform Tipalti has launched NetNow to accelerate supply chain payments. The new accountspayable solution aims to improve its clients’ supply chain relationships and financial health, Tipalti said in a July 17 press release. Supply chain financing is not a new concept.
This week's Commercial Card Innovation Tracker finds FinTechs and payment technology players like Mastercard, Visa and Nets embracing partnerships to roll out new corporate card solutions, including virtual commercial cards and small business credit cards designed to enhance spendmanagement and help SMBs access credit during turbulent times.
With innovations introducing virtual card technology and data analytics into the fold, the commercial card space is positioning itself to address some of the emerging challenges of business payments in accountspayable and beyond. Payroll company ADP recently estimated that as much as 80 percent of U.S.
Corporate spendmanagement firm Coupa has wrapped up its Inspire 2016 conference, with no shortage of announcements for the company. Earlier this week, the firm revealed an integration with corporate travel booking platform Sabre, streamlining the expense management process following business trip planning.
Expense management solutions provider Coupa is rolling out a suite of B2B payment solutions collectively known as Coupa Pay, and the firm is working with Barclaycard to boost adoption of electronic B2B payments. Two press releases issued Wednesday (Nov. “It inherently offers a twofold advantage.
With commercial cards continuing to press their way into accountspayable, a new report from Accenture suggests it’s the virtual card driving adoption of card-based B2B payments. for 2018 — meaning v-cards may secure a larger share of the corporate card spending space than physical corporate cards. Accenture noted.
Accountspayable (AP) departments all too often employ inefficient processes that slow down workflows, and delay supplier payments. The Tracker explores how such solutions are being implemented in different markets to make B2B payments smoother and more secure. Around The Next-Gen AP Automation World. About The Tracker.
There’s simply no longer the time or bandwidth for manual accountspayable (AP) and accounts receivable (AR). This is a time when spendmanagement and assorted AI-powered solutions are crowding the marketplace – and with good reason. Since there’s no way back, the payments industry is now cutting new pathways.
The B2B payments space has seen significant growth thanks to developers that often focus either on the accounts receivable or accountspayable side of cash management. A new partnership in the industry, however, brings both AR and AP management together.
While the case sheds light on the ongoing threat of the business email compromise and other invoice scams, it also revealed how even the largest, most tech-savvy companies of the world can fall far, far short on their spendmanagement processes. In the world of procurement spendmanagement, data is undoubtedly key.
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content