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This week's roundup of the convergence of accountspayable (AP) and accounts receivable (AR) takes a look at how B2B payments solution providers are considering both buyers and suppliers as a result of the pandemic. PayMyTuition Meshes Education VendorManagement With AP.
To reshape how schools handle global business payments, payment processing provider PayMyTuition has rolled out an international vendormanagement module. Our innovative vendormanagement module will enable institutions access to a suite of international payment solutions that are directly integrated into their ERP and AP systems.”.
The firm, which is based in Bengaluru, said per the report it would put the funding toward operations, market growth and product development. The company also has a expense management tool that allows founders of upstarts to make sense of their company spending and changes their capital flows.
AeroFund has formed AeroPay Express , a unit that provides virtual procurement cards that act as a line of credit to business payers, as well as vendormanagement services. Vendors pay a fee to accept the virtual card payment. We’ll get that done by providing immediate cash and pass along the savings.”.
However, while the alternative finance market continues to grow, late payments remain a massive pain point for small vendors. Solna’s debut on the market last April introduced other strategies that businesses could deploy. Solna , a new U.K.-based With the U.K. However, policymakers’ efforts have their limits.
Michael Cichy, general manager of the Americas at Palette Software , said FIs continue to face barriers when developing products and services that can compete with agile FinTechs. Time to market and cost are the primary challenges banks will face” in developing their own products.
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