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Expense management has been an issue for American businesses, particularly as the pandemic crunched their finances this year. Digital spendmanagementtools could offset some of the damage.
Today in B2B, trade finance technology provider Surecomp announces its newest marketplace partner, and Serko expands its expense management offering into North America. Plus, Suplari launches new corporate spendmanagement solutions, and PROS expands its Adobe partnership to help B2B business customers launch eCommerce operations.
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 manual system has been a source of frustration for both workers and their employers for years, but the pandemic has exacerbated the systems’ deeper flaws and served as a catalyst for a wave of spend ma nagement innovation. For more on these stories and other recent headlines on everyday spending, download this month’s Playbook.
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.
Parpou discussed in an interview with PYMNTS how the pandemic is creating unprecedented demand for digital improvements to legacy spendmanagement systems and how such advances could change what constitutes everyday business spend for good. Going Digital To Stay Remote. Adding Value To A Post-Pandemic Marketplace And Beyond.
Businesses of all sizes are slowly phasing manual expense tools out of spendmanagement strategies. Card network American Express is also searching for ways to entice SMBs to use its expense services, announcing a new corporate spendmanagement program for startups. About The Playbook.
We break down all the B2B FinTech funding rounds below. While Soldo first began as a personal finance solution, specifically a tool to help parents give money to their children and manage their spend, Soldo has increasingly turned towards the corporate banking and spendmanagement space. EaseCentral.
Collaborating with budget owners, procurement and finance leaders will be able to make better investment decisions for IT, marketing, sales and operations, doing away with the old method of working backwards to figure out spendmanagement in favor of data-driven insights to make predictive recommendations.
Sales are falling as consumers curb their spending, resulting in cash flow crunches that are pressuring businesses to stick to their budgets and pursue innovations. Managing Cash Flows During the Crunch. Countless digital spendmanagement solutions have entered the market to meet this growing demand.
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.
VSoft Debuts Merchant Network for Real-Time B2B Payments. Acumatica Debuts Automated SpendManagementTools. Acumatica has launched the Acumatica Advanced Expense Management and Electronic Bank Feeds for the Acumatica Cloud ERP technology.
Digital financial tools saw rapid increases in usage and functionality over the past decade, highlighted by the rising number of consumers who automate their daily bills through online services or track spending through mobile applications. That more-measured approach is not necessary, though.
Supply chain payments company Tradeshift has announced a partnership with Wax Digital, a FinTech offering businesses spendmanagementtools. A press release issued Thursday (Nov.
In a statement, BMO Harris Bank Head of North American Corporate Card Products Steve Pederson said the partnership “helps our clients streamline the B2B payment process, better support cash flow needs, and simplifies the process suppliers traditionally go through to accept a payment.” Global Cash Card’s Legal Saga Ends.
Visa Direct, for its part, has served business-to-business (B2B) and small business transactions with more than 700 million transactions in the fiscal first quarter of 2020. ManagingSpend in a Sector Where Unplanned Expenses Are the Norm. Trackers and Reports.
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