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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.
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.
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.
Amadeus B2B Wallet Expands Functionality. In another initiative gearing up for the return of corporate travel, travel managementplatform Amadeus has announced that its payment offering, the Amadeus B2B Wallet, is now able to automatically generate virtual cards through a partnership with Troovo , PYMTNS reported.
While there may be a flurry of solutions for the enterprise to managespend across a variety of business operations — accountspayable, travel and expense management or procurement — rarely do these solutions meet the spendmanagement needs for all three areas.
According to a press release , Yatra will link customers based outside of India — whose employees travel in the country — with Chrome River’s expense management solution as part of a broader travel booking and spendmanagementplatform, offered via Yatra’s Self Book platform.
Corporate spendmanagementplatform Vroozi is enabling its corporate users to pay their suppliers from directly within its platform through a partnership with Nvoicepay. 25) that Vroozi’s purchasing and spendmanagement portal will now integrate Vroozi Pay to round out its procure-to-pay offering.
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