PYMNTS

NOVEMBER 25, 2020

In B2B payments, the path to making transactions as seamless and invisible as possible is often about closing the gap that separates buyer and supplier. While a growing population of B2B FinTech solutions has helped to connect B2B buyers and sellers, more platforms can create more friction on either end of the equation.

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B2B Invoicing Reconciliations Accounting 116

PYMNTS

JULY 3, 2020

There are a multitude of benefits that open banking brings to B2B payments. Corporate accounting software can use open banking to automatically access bank information rather than rely on outdated and insecure practices like screen scraping. Benefits Of Open Banking For B2B Payments. Open Banking Initiatives Around The World.

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B2B Banking Invoicing Reconciliations 111

PYMNTS

NOVEMBER 9, 2020

HashCash Consultants has integrated its HC Corporate Payment features with the existing infrastructure for B2B payments, according to a press release. With the new upgrade, HashCash customers will now have access to real-time document sharing, automation and reconciliation, available instantly through B2B payments, the release stated.

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B2B Reconciliations Invoicing Securities 93

PYMNTS

JANUARY 12, 2021

Historically, corporate travel and expense ( T&E ) management has been viewed as an entirely separate function from other B2B payment workflows. As a result, the lines that once separated T&E from other B2B payment workflows are blurring, according to Conferma Pay CEO Simon Barker and Barclays President of Payments Marc Pettican.

B2B 91

B2B Accounts Payable Reconciliations Prioritization 91

PYMNTS

DECEMBER 24, 2020

For years — decades, even — B2B payment leaders and innovators had been talking about the digitization of corporate payments within accounts receivable (AR) and accounts payable (AP) departments. The coronavirus crisis has accelerated B2B payments digitization to new heights. More Work To Be Done.

B2B 113

B2B Accounts Payable CFO Reconciliations 113

PYMNTS

FEBRUARY 19, 2018

Travel booking company Webjet , based in Australia, has launched a blockchain solution for the hotel industry to manage reconciliation in hotel distribution. According to Webjet, the company tested the solution in-house with its own B2B partners before rolling it out to market.

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Reconciliations B2B Accounts Payable Invoicing 43

PYMNTS

OCTOBER 22, 2020

A perfect storm of market shifts catalyzed by the global pandemic has forever changed the B2B payments landscape. Billtrust CEO and Founder Flint Lane highlighted three shifts in particular that are igniting major change in the industry: first, the accelerated digitization of accounts receivable (AR) and accounts payable (AP).

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B2B Education Reconciliations Accounts Payable 89

PYMNTS

OCTOBER 14, 2020

To streamline B2B payments, MineralTree company Regal Software unveiled its RegalPay One offering in a Wednesday (Oct. Reconciliation also comes with the offering. The company noted that $27 trillion in B2B payments are conducted yearly in North America, while firms spend $510 billion on manual AP expenses in making those payments.

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B2B Banking Accounts Payable Reconciliations 82

PYMNTS

DECEMBER 30, 2020

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. The Coexistence Of Rails. Often, that means the cooperation of multiple rails at once.

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B2B Accounts Payable Invoicing B2C 119

PYMNTS

DECEMBER 29, 2020

The B2B payments landscape has always been evolving, but change in the industry has never been more acute than right now. But the challenge of igniting B2B payments innovation may not be as arduous as many chief financial officers (CFOs) and others believe, said Josh Cyphers , president of Nvoicepay , a FLEETCOR company alongside Comdata.

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B2B Accounts Payable Invoicing Reconciliations 82

PYMNTS

AUGUST 11, 2020

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. Moving the needle in the journey away from paper checks isn’t a one-sided battle, either. An Ecosystem Approach.

B2B 110

B2B Accounts Payable Reconciliations Healthcare 110

PYMNTS

SEPTEMBER 17, 2020

This week's roundup of the convergence of accounts payable (AP) and accounts receivable (AR) takes a look at how B2B payments solution providers are considering both buyers and suppliers as a result of the pandemic. Paymerang Eyes The Supplier's Role In AP. Versapay Eases Payment Pain With AR Tool.

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B2B Vendor Management Marketing Accounts Payable 92

PYMNTS

NOVEMBER 2, 2020

APS Payments , which works in omnichannel B2B payments, is integrating tech with enterprise resource planning (ERP) product Sage X3 to allow for quick and secure payments, according to a press release. With APS ClickToPay, companies can have customer invoices paid directly to accounts receivable.

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B2B Reconciliations Invoicing Currencies 74

PYMNTS

DECEMBER 9, 2020

The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis. The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis. B2B Use Cases Are Mushrooming.

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B2B Reconciliations Accounting Invoicing 134

PYMNTS

JULY 28, 2020

Although the enterprise continues to accelerate its digitization efforts, chief financial officers keep hitting roadblocks when it comes to modernizing workflows regarding accounts payable (AP) and embracing electronic payments. Strengthening B2B Ties. Expanding The Scope. Monetizing The Virtual Card.

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B2B Reconciliations Accounts Payable Prioritization 70

PYMNTS

MARCH 3, 2020

It’s not difficult for a supplier to tell when accounts receivable (AR) processes are not optimized. In a B2B relationship , establishing a new customer comes with a trove of complexities, from underwriting the client for credit, to establishing payment terms, to mitigating fraud risk. “We A Trusted Relationship.

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Accounting Invoicing Reconciliations B2B 74

PYMNTS

DECEMBER 28, 2020

And as FinTechs continue to challenge banks, but also offer new opportunities within the B2B space, they’re advancing a corollary to the build vs. buy question: How about partnerships? The question is seemingly an eternal one in the business realm: build vs. buy. Where The Banks Are Focused . Sassone pointed to the fact that half of all U.S.

B2B 86

B2B Accounts Payable Treasury Reconciliations 86

PYMNTS

JUNE 19, 2020

It was a big week for B2B FinTech startups in Latin America. It’s an attractive market indeed for investors, with not one, but two Brazilian B2B FinTechs making this week’s venture capital roundup. Until then, PYMNTS rounds up the most recent B2B FinTech investment rounds below. Authenticiti.

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B2B Startups Reconciliations Accounting 73

PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Within the B2B space, especially, technology can improve payments processes that are time-consuming and error-prone. The problems are analog.

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Accounting Invoicing B2B Treasury 94

PYMNTS

NOVEMBER 20, 2019

In an announcement , Citi revealed the launch of its Citi Global Connect platform, enabling corporates to accept B2B payments across borders with integrated FX capabilities. The platform integrates cross-border billing, payment acceptance and reconciliation into a single solution. “In

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

PYMNTS

OCTOBER 7, 2020

The solution allows for an in-the-moment B2B eCommerce experience natively in Salesforce Commerce Cloud, according to a Wednesday (Oct. Our clients tell us that a B2B experience without the necessary data from their SAP ERP is an incomplete solution,” enosix CEO D.Wayne Poole said in the announcement. 7) announcement.

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SAP B2B eCommerce Reconciliations 80

PYMNTS

DECEMBER 2, 2020

There’s an imbalance in B2B payments — between buyers and suppliers, and between automation on one side of the cash flow equation and manual, paper-based processes on the other. Aquilina said that’s partly because historically, B2B payments innovation efforts — especially via FinTechs — have focused on buyers. Change Is In The Air .

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B2B Invoicing Accounts Payable Reconciliations 79

PYMNTS

DECEMBER 30, 2020

As Nick Reid , director of B2B Partner Development at Conferma Pay , told PYMNTS, though not new, STP — which routes card payments and data automatically to suppliers and sidesteps manual processes — is increasingly being combined with virtual cards in a bid to level the playing field in B2B payments.

B2B 105

B2B Reconciliations Sales Invoicing 105

PYMNTS

DECEMBER 28, 2020

While 2020 has been a monumental year for B2B payments digitization and innovation, plenty of friction still exists in the way corporate buyers pay their suppliers. A variety of B2B payment tools have stepped up their efforts to address this friction. The Rise Of BNPL. New Payment Models Emerging.

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B2B Invoicing B2C Reconciliations 81

PYMNTS

NOVEMBER 10, 2020

Today In B2B, U.K. challenger bank Tide runs dry of SMB loan funds, while Payer launches an ID verification service for B2B eCommerce platforms. Plus, Just Cashflow collaborates with Railsbank, and HashCash streamlines its B2B payments offering. The yet-to-be-named product will be tested with several B2B merchants.

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B2B Banking Reconciliations Planning 75

PYMNTS

OCTOBER 14, 2020

And he noted, too, that the “verticalization” of B2B is upon us. Deploying the right solutions hearkens back to the “jobs to be done” theory of innovation noted by Webster during an earlier B2B webinar. Accounts payable and receivable used to be concrete, separate operations. B2B Verticalization.

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B2B Accounts Payable Reconciliations Economics 97

PYMNTS

JANUARY 12, 2021

The company says the infusion came during “explosive growth” for its payment operations and treasury management offerings that let firms immediately close their books with continuous accounting, handle payments and banking via one platform, and have full cash visibility. The company says that over $18.5

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Treasury B2B Reconciliations Finance 73

PYMNTS

JANUARY 21, 2021

Today in B2B payments, European banks grow wary of small business loans, and Xero collaborates on API bank connectivity. Darin Horrocks, senior vice president, B2B, at REPAY, said the company’s aim has been to assist its clients with streamlining and perfecting supplier payments by automating them using one interface. “We

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B2B Banking Reconciliations Currencies 85

PYMNTS

FEBRUARY 1, 2021

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time. he explained.

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B2B Treasury Accounts Payable Cash Management 94

PYMNTS

NOVEMBER 10, 2020

As Scaffidi recently told Karen Webster, uncovering the B2B value of real-time payments is about understanding the broader culture shift that instant payments technology has introduced to the financial services landscape. Uncovering The B2B Use Cases. If you think about a market like the U.K.,

B2B 117

B2B Banking B2C Reconciliations 117

PYMNTS

FEBRUARY 26, 2020

More and more, B2B payment solutions are focusing less on single end-points of friction, and more on the overall picture of how money (and data) moves from one business to another. That means emerging services are multitasking, easing friction for both accounts payable and accounts receivable. Tipalti Reallocates The Workload.

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Accounting Accounts Payable Invoicing General Ledger 72

PYMNTS

JANUARY 22, 2021

Today in B2B payments, TripActions announces new funding that values the T&E startup at $5 billion, while OneSource Virtual launches invoice payment capabilities. Plus, iBanFirst launches B2B payment traceability tool, Georges rebrands with new funding, and HashCash partners with a bank on blockchain payments. 21) announcement.

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Invoicing B2B Reconciliations Valuation 66

PYMNTS

NOVEMBER 24, 2020

Indeed, business-to-business (B2B) eCommerce is a thriving market that, today, is growing even more quickly as a result of the coronavirus crisis. Estimates from from Frost & Sullivan earlier this year forecast the B2B eCommerce market to hit more than $6.6 But this isn't a trend reserved for the B2C space anymore.

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B2B eCommerce B2C Reconciliations 72

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. In the meantime, PYMNTS gathered up a shortlist of the B2B FinTechs that were able to secure new funding as backers prepare for their next wave of support. The plan is now open for public comment, reports said. Mailprotector.

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B2B Startups Nonprofit Reconciliations 80

PYMNTS

NOVEMBER 26, 2019

Accounts payable (AP) automation is beneficial, and even necessary, for many businesses still bogged down by paper. Part of that journey includes a focus on vendors’ accounts receivable (AR) challenges, which is crucial to finding success with newly-implemented AP tools. Billtrust Broadens Business Payments Network.

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Accounting Accounts Payable B2B Reconciliations 64

PYMNTS

JANUARY 30, 2020

These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space. The following Deep Dive explores how virtual cards benefit B2B payments, especially among smaller firms, which have limited resources.

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B2B Invoicing Accounts Payable Reconciliations 71

PYMNTS

MAY 1, 2020

Yet in B2B payments, with transaction values often in the thousands or tens of thousands of dollars, the current landscape for global cryptocurrency payment services isn’t always an affordable alternative, according to Gilded Chief Operating Officer Neal Roche. The Benefits To AR. “Companies need to offer their clients choice.”

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Currencies Accounting B2B Reconciliations 68