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Today in B2B, Bloomberg broadens its creditrisk data pool, and two ERP solutions secure B2B payments integrations. Bloomberg To Incorporate CreditRisk Data. The release stated firms have more often been looking for data to validate their own internal counterparty and creditrisk assessment.
Although generally available in the consumer market for about a decade, the electronic payment model of buy-now-pay-later (BNPL) is finally bearing fruit for micro, small and midsize enterprises (MSMEs) by avoiding interest payments on corporate credit cards, reducing paperwork, facilitating quicker transactions, and improving liquidity management.
The flow of commerce and capital gets bogged down in phone calls, applications, emails and inefficient risk profiling based on traditional credit models. In terms of payments technology and alternative lending, B2C and B2B may be respectively seen as digital versions of the hare and tortoise. focused B2B sales.
Those receivables, an asset to the business, are only an asset when they become cash in that SMB’s bank account. As much as 24 percent of monthly revenues for SMBs are tied up in accounts receivable or trade credit, which stymies cash flow. trillion within two years, and will account for 13 percent of all U.S.-focused
Corporates want to delay payment as long as possible in order to better manage cash flow, while suppliers are pressed to accelerate accounts receivable to strengthen their own cash positions. One of the most prominent culprits behind that friction is the intrinsic conflict that buyers and suppliers face in their payment flows.
Today, B2C advertising is increasingly a data game served by ad platforms to consumers toting digital devices who spend most of their time with their noses inside of social networks. Besides that, they’re the ideal creditrisk and perfect target to stake the future of FinTech, payments and retail. It was a pretty good gig.
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