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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.
Because consumer transactions continue to rely on cash, the accounts receivable (AR) and accountspayable (AP) processes within the supply chain can be fragmented. The firm takes on the trade creditrisk, using data generated as a result of LeafLink Financial sitting in the middle of B2B relationships.
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. ”
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