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FinTech firm Fiserv is partnering with software company SAP to help worldwide B2B companies streamline payments and improve working capital, Fiserv announced on Monday (Feb. Many Fiserv clients have already started to see the benefits of the SnapPay-SAP integration. The solution also computerizes corporate treasury operations.
This isn’t merely an issue for the B2C world, however. In accountspayable and accounts receivable, rising fraud mitigation efforts may also lead to more false positives, leading to declined commercial card transactions, misplaced suspicion between buyers and suppliers, delays in invoice processing and more.
Her company is one of the first to adopt SAP Ariba’s new Spot Buy solution , a way to automate the approval process for company purchases of off-contract items. I’d rather get the order and lose the 2 percent and not have to go chasing my money and, if they don’t pay, to have to follow up with our staff, to call accountspayable.”
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