PYMNTS

MARCH 27, 2020

Their use for B2B payments, however, remains limited — but in the U.K., While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. open banking may be able to change that.

B2B 60

B2B Banking Securities Accounting 60

PYMNTS

APRIL 16, 2019

In the broadest terms, APIs help speed the embrace of Open Banking, where banks’ data on accounts and transactions can be shared with third parties through the interfaces, with an eye on promoting the development of new apps and financial products. For B2B, it seems, the advent of the open API cannot come fast enough.

B2B 71

B2B Banking B2C Securities 71

PYMNTS

JANUARY 16, 2020

Open banking and its promise of more elasticity in finance is enabled by application program interfaces (APIs) — lines of code that execute everything from simple peer-to-peer (P2P) transfers to industrial-sized B2B real-time payments.

B2B 53

B2B Finance Banking Cash Management 53

PYMNTS

APRIL 1, 2020

In a recent conversation with Karen Webster, he discussed why big-box retailers that have struggled to compete in an eCommerce ecosystem found an unexpected leg-up as they stepped into the B2B business model. B2C Sellers’ B2B Incentive. “Now, more than ever, just relying on historic financial data is not helpful.

B2C 64

B2C B2B Marketing Education 64

PYMNTS

JANUARY 15, 2021

Accounts payable (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 73

B2B Invoicing Accounts Payable Prioritization 73

PYMNTS

DECEMBER 29, 2020

Traditional financial institutions (FIs) continue to anticipate future demands and make progress in their modernization efforts, but they're not doing it alone. Plus, one FinTech offers a new spin on the open banking model to drive financial inclusion. WEX Talks Bank Partnerships To Advance B2B Payments.

Cash Flow Forecasting 123

Cash Flow Forecasting B2B Startups Financial Data 123

PYMNTS

DECEMBER 14, 2018

B2B startups are increasingly building themselves on top of troves of enterprise data, uncovering new ways to unlock and aggregate information across enterprise platforms, and introducing new ways to analyze and make use of that data. million was raised by B2B startups tearing down data silos.

B2B 51

B2B Startups Treasury Financial Data 51

PYMNTS

APRIL 7, 2017

The approach to financial services for consumers and businesses is quite vast, but across the spectrum, access to and management of financial data is a critical component. Finicity , a company built for financial data aggregation, is jumping into the conversation.

Financial Data 76

Financial Data Technology Securities Banking 76

PYMNTS

MARCH 19, 2020

Automation in small business accounting can certainly be beneficial, but when a cloud-based accounting platform remains within the confines of its own interface, there can be unexpected friction that prevents business owners from gaining real-time financial insights. Elevating Functionality. Siloed Platforms.

Accounting 62

Accounting Invoicing Accounts Payable Financial Data 62

PYMNTS

FEBRUARY 2, 2018

Information technology (IT) management solutions provider Kaseya, which targets managed service providers (MSPs) with its offerings, is linking up with small and medium-sized business (SMB) accounting firm Xero to help businesses gain greater control over their financial data. The companies said Thursday (Feb.

Financial Data 46

Financial Data Invoicing Accounting Firms Leverage 46

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. A spokesperson for the bank confirmed reports, noting that JPMorgan had already signed agreements that cover about 95 percent of data access requests.

Accounting 87

Accounting Banking Invoicing Sales 87

PYMNTS

JUNE 26, 2020

This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. All of these things require reliable data in real time.”

Accounting 52

Accounting Cash Flow Forecasting Invoicing Prioritization 52

PYMNTS

DECEMBER 19, 2019

FinTech and automation technology have cast a shadow of anxiety on the accounting industry in recent years, as certified public accountants (CPAs) began to wonder whether their jobs would be replaced entirely by robots. Because there is a big disconnect between the accounting industry and the small business owner.”

Accounting 53

Accounting Finance Accounting Firms Benchmarking 53

PYMNTS

FEBRUARY 14, 2017

The business model of SaaSOptics could, in part, be described as a B2B SaaS firm for B2B SaaS firms. million in funding last year, helps SaaS companies manage operations by providing financial management, auditing and reporting, analytics and other back-office services. The company, which raised $1.8

Financial Data 53

Financial Data Forecasting B2B Auditing 53

PYMNTS

DECEMBER 14, 2020

Amid market volatility, organizations are finding it imperative to accelerate their accounts receivables while extending accounts payables and still maintaining positive buyer-supplier relationships. Achieving real-time data analytics is a lofty goal for organizations without the proper tools. Many Moving Parts.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 123

PYMNTS

MARCH 14, 2019

That data connectivity is a key component of the firms’ integration, with Cleo Integration Cloud allowing firms to streamline the flow of data from external systems and interactions, such as with suppliers, customers and partners.

Financial Data 56

Financial Data Invoicing Finance Sales 56

PYMNTS

JUNE 15, 2020

Digital accounting platform Receipt Bank has acquired analytics firm Xavier to help boost services for accountants and bookkeepers, according to a press release. The press release touts the move as one that can help companies streamline their accounting services. By using this technology, bookkeepers can save money and time.

Accounting 56

Accounting Banking Financial Data Planning 56

PYMNTS

JANUARY 26, 2021

marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. The partnership, which will see the bank adopting its B2B payments platform to finance trade of its corporate customers.

Banking 142

Banking Reconciliations Financial Data B2B 142

PYMNTS

FEBRUARY 10, 2017

It was another week of varied investments for B2B venture capitalists, who, in total, raised more than $79 million for the space. B2B payments, alternative SME finance, enterprise cybersecurity, data management and logistics all secured a financial boost — find out which startup scored the most in our breakdown below.

B2B 51

B2B Startups Securities Investments 51

PYMNTS

NOVEMBER 13, 2018

APIs offer third-party FinTech firms new opportunities to make use of valuable data stored within traditional bank accounts. In some instances, these systems deploy this data to create a solution that banks haven’t developed themselves, often due to restricted investments in small business product development.

Cash Flow Forecasting 73

Cash Flow Forecasting Accounting Banking Forecasting 73

PYMNTS

FEBRUARY 27, 2018

Of course, at the heart of this advancement is increased access to detailed financial data, but it’s not easy for everyone. Small businesses (SMBs) in particular can have trouble not only gaining access to their financial data, but also making sense of it. where regulators aren’t forcing data sharing. In the U.S.,

Cash Flow Forecasting 40

Cash Flow Forecasting B2B Forecasting Financial Data 40

PYMNTS

MAY 24, 2018

ACH, wire, virtual and physical cards, and other rails all come into the mix, particularly as each vie for a chance to take B2B payment market share away from paper. ” B2B sellers expanding into China, for example, have to support payments made via Alipay and WeChat, Levy explained. Paper checks may be the No.1

B2B 45

B2B B2C eCommerce Accounts Payable 45

PYMNTS

MAY 3, 2020

Ben Errez, executive vice president and chairman for GreenBox, said approved GreenBox clients will now be able to “request funds from their account in the morning and see it land in their bank account that same day, hours later.”. And although the service isn’t universal for the U.S. million payments.

Accounting 69

Accounting Financial Data Finance Sales 69

PYMNTS

JUNE 21, 2019

While there were no mega-deals in the B2B startup funding realm this week, it was still a busy time for companies and investors, with many funders targeting companies operating in less common markets. One of the largest investment rounds of the week went to China’s Haoqipei, a B2B eCommerce platform designed for the auto parts industry.

Startups 43

Startups B2B Marketing Investments 43

PYMNTS

JANUARY 9, 2019

One way this shift has materialized is in how small businesses seek and hire financial professionals to join their companies. In a 2017 report from job hunting site Indeed , researchers found that “small business accountant” was nowhere to be found in the top-10 job positions sought after by most small business employers.

Accounting 71

Accounting Corporate Finance Accounting Firms Auditing 71

PYMNTS

DECEMBER 1, 2020

We discover a basic truth upon reading PYMNTS November 2020 CFO’s Guide To Digitizing B2B Payments done in collaboration with Comdata : many treasury operations need digital triage. Companies shifting to digital payment methods are overcoming many of the challenges that have historically plagued business-to-business (B2B) transactions.

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

PYMNTS

JANUARY 20, 2021

Xero , a global small business cloud accounting platform, is working with South Africa’s Nedbank to give small- to medium-size business (SMB) clients a digital, application programming interface (API)-enabled bank feed to access financial data, according to an ITWeb report.

Banking 67

Banking B2B Invoicing Accounting 67

PYMNTS

SEPTEMBER 9, 2019

Accountants and bookkeepers have a new reality with their small business clients: machines can do number-crunching and calculations, and these professionals are now forced to examine how to elevate their role with SMBs to continue to provide value. The Artificial Intelligence ‘Hype’.

Accounting 57

Accounting Technology Financial Data Numbers 57

PYMNTS

OCTOBER 28, 2019

Smart accounting app Coconut aims to automate bookkeeping for self-employed and small businesses (SMBs) around the U.K. The platform is already being used by 15,000 people and 500 accountants, enabling sole traders and limited SMBs to manage their business finances. There are over 5 million self-employed people in the U.K.,

Accounting 40

Accounting Banking Finance Financial Data 40

PYMNTS

MARCH 21, 2019

Zion Market Research released a report about the accounts payable software market on Wednesday (March 20), estimating the market will reach about $1,567 million by 2025, according to a release by the company. It allows the companies to maintain accurate financial records and track vendors and suppliers activities with ease.

Accounts Payable 52

Accounts Payable Accounting Marketing Startups 52

PYMNTS

APRIL 7, 2017

B2B FinTechs in the U.S. This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. B2B eCommerce. Back in the U.S.,

B2B 43

B2B B2C Startups eCommerce 43

PYMNTS

MARCH 10, 2017

Big Data and software as a service (SaaS) once again caught the attention of venture capitalists in the B2B FinTech space this week, but it was cross-border B2B payments that landed the most money. Cross-Border Payments. according to reports.

B2B 51

B2B Startups Manufacturing Transportation 51

PYMNTS

FEBRUARY 12, 2018

Only a few weeks ago, the challenger bank announced its official debut on the market, and last week, Coconut revealed a collaboration with PrePay Solutions in which PrePay provides a stored value account solution and issues commercial cards to Coconut clients. It’s a tiresome, expensive process.

Financial Data 40

Financial Data Banking Invoicing Accounting 40

PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. But as Corcentric and IOFM revealed, the accounts receivable department may not have total control over its ability to get automated.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

MAY 18, 2018

Visa’s latest fuel to the B2B payments innovation fire came in the form of its inaugural Small Business Hackathon earlier this year. Businesses need to keep their accounts accurate to make sure they are maximizing their profits and are filing the right tax papers.

B2B 46

B2B Invoicing Accounting Securities 46

PYMNTS

OCTOBER 16, 2019

Germany-based Wirecard is once again facing allegations of accounting fraud by the Financial Times (FT). ” The digital payments company, in turn, accused the Financial Times of market manipulation, allegations that the FT rejects. .” Previous Allegations. “Nothing about the article published today is true.”

Accounting 44

Accounting Sales Financial Data Finance 44

PYMNTS

MAY 11, 2017

With FinTech innovators finally starting to give B2B solutions the attention they have longed for, there are now troves of platforms companies can access, from expense management to cash flow forecasting to supplier management. AvidXchange and Vroozi are only the latest B2B FinTech companies to collaborate.

B2B 42

B2B Cash Flow Forecasting Accounts Payable Invoicing 42