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If at that time, someone would have asked Citi Managing Director and Global Head of Domestic Payments and Receivables Anupam Sinha how long it would take for corporate treasury organizations to fully embrace digital , he said his answer would likely have been something along the lines of, “Don’t hold your breath.”.
Mastercard struck a deal to help automate the accountspayable process for businesses in the United Arab Emirates , reports said Sunday (Feb. The credit card firm inked a partnership with technology firm Swipezoom, which operates in both the B2B and B2C spaces. ”
But Deutsche Bank’s report suggests corporates are headed towards real-time payments disruption — even if they don’t deploy real-time payments for their accountspayable operations. “As
In corporate accounting, accountspayable and B2B payments, traditional FIs are slowing down innovation that could one day bring these areas up to speed with corporate payments, the executive explained. But electronic and automated payments are just one side of the overall friction in accountspayable, Dahl said.
B2C Brands’ B2B Risks. For instance, not only is PayPal introducing new services for B2B payments, invoicing, cashmanagement and more, the company is also supporting integrations with other B2B apps , like Tipalti. Businesses’ embrace of Microsoft is yet another reflection of this trend.
For businesses, however, there need to be additional layers of information with that payment for the accountspayable and accounts receivable teams. With data analytics technology enhancing the services available to those professionals, too, that information is also key for the enterprise in a broader cashmanagement sense.
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