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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.
As accountspayable (AP) and accounts receivable (AR) operations continue to converge for many organizations, buyers and suppliers are increasingly acknowledging the value of using each other’s technology platforms to promote stronger B2B relationships. Peasy recently launched in the U.K.
This week's look at the convergence of accountspayable and accounts receivable finds tools like commercial cards, trade credit, artificial intelligence and robotics process automation easing friction on both ends of a B2B transactions. PYMNTS And CSI Eye AR-AP's Digital Shift.
Because consumer transactions continue to rely on cash, the accounts receivable (AR) and accountspayable (AP) processes within the supply chain can be fragmented. By purchasing the invoice from the buyer, the company pays vendors via ACH upon delivery, while allowing those suppliers to offer payment terms to their customers.
Before the pandemic, DBS had relentlessly leveraged emerging technologies to help SMEs, especially micro and small enterprises, streamline services and manage creditrisk. “But it is changing—in the last two years, digitization has now become the No. 1 agenda for most banking CEOs.” The bank offers a host of payroll and HR solutions.
HighRadius Founder and CEO Sashi Narahari said in the announcement, “We launched the RadiusOne B2B Network to facilitate suppliers and AR teams to digitally connect with their buyers and AP [accountspayable] teams for faster processing of receivables and payments. Currently, the network has millions of active businesses.
While optimizing back-office functions like accountspayable and accounts receivable can support enhanced cash-flow management, B2B partnership collaboration is also critical to supporting the financial health of an organization. ”
We have patterns across B2B customers, so if a consumer is looking like a high creditrisk, we can accelerate the collections efforts across many of our customers. “Every collections solution is based on patterns at that company the customer is paying,” Lane said. “We
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