This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Changing course isn’t an easy thing for businesses to do, particularly when it's a big change like shifting focus from providing services direct to consumer (D2C) to taking on a B2B model. As Netspend continues to build out its B2B business, the company is seeing similar partnership opportunities springing up across multiple verticals.
Any organization, small or large, private or public, must handle the pressures of compliance. “The risk exposure varies greatly,” the senior manager of fund accounting strategy for Abila told PYMNTS. Sure, a paper check can get money to where it needs to go.
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.”.
Bank of New York (BNY) Mellon has announced a new partnership with risk and payments solution provider Early Warning Services , aiming to boost digital B2B payments services for clients. That will have the effect of streamlining customer enrollments and payment processing.
The boom in B2B FinTech has introduced a flurry of new solutions and platforms from which corporates and small businesses can choose. It’s a result, explained Gillette, of the legacy ERP no longer being suited to address the full range of businesses’ diverse financial and process management needs. The ERP’s Role in a FinTech World.
And, the release said, the company works with customers to determine the areas where help is most badly needed, including risk, compliance or areas to reduce spend. The partnership will combine things like sourcing, contract and vendormanagement with spend analytics and insights to help boost processes.
While eProcurement and vendormanagement technologies can help ease the friction, B2B trade doesn’t begin with the purchase order. While the physical proliferation of inventory can support accelerated B2B trade, the strategy comes with its own set of challenges, including the management of goods across multiple locations.
B2B payments startup Candex announced $3.5 This can lead to the administrative costs associated with vendormanagement exceeding the cost of the vendor’s services. “It B2B payments is an increasingly attractive target for investors. million in new funding late last week.
Information such as fill rates, time-to-fill and mark-up rates are updated daily via dashboards, while comprehensive compliance readouts are examined quarterly. The PeopleScout MSP program partners expertise in staffing and supplier management with VendorManagement System (VMS) technology.
The second is promoting the Enterprise Security Score to financial institutions — in particular, their procurement teams — to assess and mitigate vendor risk. The banking industry, Clare explained, is pressured to take responsibility for its suppliers’ security as the sector works with regulators and adheres to new compliance measures.
Nonprofits can face greater pressure than their for-profit peers when it comes to compliance. Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount.
Cybersecurity topped the list and was followed by third-party contracts and regulatory compliance. Procurement executives said their vendor partners aren’t helping in this area, either. Researchers found 86 percent of these professionals say they do not believe their suppliers are paying enough attention to risk mitigation.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content