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AP-focused financial automation platform Stampli announced the release of an AI-driven procure-to-pay solution that works through dynamic conversations with the system itself.
Singaporean peer-to-peer (P2P) platform Funding Societies will partner with Singapore eBusiness (SGeBIZ) for a new way to provide financing solutions to customers, reports said. SGeBIZ offers an array of loan products for small business (SMB) users, including B2B procure-to-payplatform EzyProcure, the first of its kind in the country.
Plus, Simfoni lands on Vroozi's procure-to-payplatform, Kyrbia collaborates with an Italian bank on supply chain financing, and the EU's digital chief will discuss rules with tech giants. Simfoni Joins Vroozi’s Cloud-Based Procure-To-PayPlatform. Wells Fargo Debuts Digital Supplier Payment Tool.
Innovative partnerships like this one can support the agility and resilience of supply chains, accelerating access to finance and improving efficiency,” Michael Froman , vice chairman and president of strategic growth for Mastercard, said in the announcement. 8) announcement. The ADB approximated a $1.5 8) announcement.
Procurement and corporate payments firm SAP Ariba has reportedly ended its supply chain finance agreement with PrimeRevenue. Reports in Supply Chain Finance Briefing on Saturday (June 1) said the agreement between SAP Ariba and PrimeRevenue, which was first announced in 2016 , has quietly ended.
Transcepta, a procure-to-payplatform, is ramping up its use of artificial intelligence (AI), the company said late last week. In an announcement , the company said its leveraging of AI and predictive analytics technologies can enable smarter procurement decision making.
” The launch comes as AP automation grows increasingly in-demand among corporate finance professionals. Yooz currently integrates into an array of accounting and enterprise resource planning (ERP) platforms.
The integration of Airbase’s finance solutions with Paylocity’s human capital management (HCM) platform is expected to provide companies the ability to see payroll and non-payroll spend in real time, leading to a faster financial close, improved planning, and stronger financial controls, Schaumburg, IL-based Paylocity said.
“The treasurer might get enamored with a supply chain financing vendor, and start down a path with a supply chain finance initiative. That’s well and good, but if you have so much latency in your invoicing process, the supply chain finance value goes out the window.”
based procure-to-payplatform that aims to link companies with a consumer-like eCommerce experience in the procurement department. 1), was provided by Bridge Bank’s Technology Finance Group in the form of venture debt. Bridge Bank provided $4 million in funding to BuyerQuest, a U.S.-based Software-as-a-Service.
Finance organizations often face challenges with [procure-to-pay] operations in viewing and analyzing data quickly across disconnected supplier systems, limiting the added value they could provide to respond more effectively to market demands,” said Katie Stein, Genpact chief strategy officer and global business leader. “The
Suppliers look to various financing solutions to fill in their cash flow gaps, but a lack of credit history often means expensive loans. The procure-to-payplatform of the Ariba Network revealed last week a new joint venture with the supply chain financing solution offered from PrimeRevenue.
The procure-to-pay space is also closely linked to the alternative finance market, as financing products like supply chain finance and dynamic discounting integrate into procure-to-payplatforms like Direct Commerce’s.
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