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It seems an especially low number when considering this stat: Only 3 percent of companies meet customer demands for instant business-to-consumer (B2C) payments. Stepping back from the granularities of B2C and B2B payments, though, the executive said the groundswell of faster payments is inexorable. Why B2B Lags. The Larger Picture.
While B2C companies have historically been leaders in customer experience innovation with the help of large investments in talent and technology, B2B companies are starting to understand how critical it is for them to follow suit. The features of the Digital Commerce Cloud for B2B offering include: Corporateaccount management.
But, tools like electronic payments and cloud accounting software are far from the only forces that alter the corporateaccounting landscape. According to Jotham Ty, CEO of corporateaccounting software firm Gappify , the rise of an array of business models is one of the strongest factors behind the corporateaccounting shift.
The largest round of the week went to OakNorth , but other significant investments landed at supply chain management, corporateaccounting and small business finance players, totaling more than $821 million in total VC funding. PYMNTS breaks down all the latest B2B funding rounds below. Chainalysis.
That, said Cloud Elements Head of Strategy Ross Garrett, means the B2B payments industry needs to step up to the plate and perhaps even start acting a bit like B2C payments. 2018 will see the emergence of new B2B platforms with interfaces that rival the best B2C experiences,” the executive predicted. —
That’s especially true in corporateaccounting, says Beanworks CEO Catherine Dahl. It’s an interesting time in accounting, and there’s a huge change coming,” she recently told PYMNTS, adding that digitization will become the norm, empowering humans to take on more strategic tasks while technology handles the repetitive stuff.
Spocket is a startup that has its hands in the B2C commerce world and addresses friction in the market, helping online retailers sell suppliers’ goods, pay those vendors, and manage back-office processes associated with the buyer-supplier relationship. The funds raised will go towards enhancing DueDil’s underlying technology, reports said.
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