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
Travel and costmanagement company Navisteps has notched $1 million in a pre-seed round, with investment originating from angel investors, Phocuswire reported. While expense and travel management solutions are not new, they traditionally target large enterprises.
In an interview with PYMNTS, Xavier Ginesta , chairman at Voxel Group , which focuses on B2B payments, said that friction exists for B2B payments within the travel space — but that friction can be eased with eBilling and ePayments. He said that technology can help relieve some of the pain points of B2B travel payments.
Recent surveys have found that many bankers and small business (SMB) owners are unaware of how to use business-to-business (B2B) APIs securely and optimally. The February B2B API Tracker explores the hesitancy toward APIs, as well as how third-party providers are using them to provide new business services. Around The B2B API World.
In the wake of the pandemic, B2B payments have had to evolve. But in an interview with PYMNTS, Mary Beth Joiner , senior vice president of relationship management at Comdata Corporate Payments, said that there have still been pockets of resistance in making the great digital pivot.
Today in B2B payments, Unifiedpost reveals acquisitions to build out its B2B platform, while Tally Solutions launches eInvoicing technology in India. Unifiedpost Unveils Acquisitions To Build European B2B Platform. Unifiedpost Unveils Acquisitions To Build European B2B Platform. 23) announcement.
Lingering issues of trust and a foggy regulatory climate continue to hold up B2B adoption of faster payments among financial institutions (FIs), but nothing can hold it back. The latest B2B API Tracker gives numerous examples of how this is playing out. What has emerged are exciting new ways to access and monetize banking services.
Today in B2B payments, Visa teams up with Razorpay to debut a small business commercial card solution, while Nets is working with Yoba Smart Money to develop small business payment tools. The release stated the partnership will let companies pay costs via a credit card, while accessing on-demand liquidity alongside costmanagement tools.
Combined, more than $337 million in funding will fuel growth for an array of B2B startups that revealed their latest funding rounds this week. The company provides a B2B service to help the enterprise deploy various back-office processes without IT support by using its cloud platform. B2B Payments. Cybersecurity.
MicroTech , which provides information technology services to government entities, is partnering with costmanagement tool CostPerform , in order to boost functionality for IT payment processes, according to a press release. MicroTech was formed in 2004 and has worked to help customers get the best value for financing their assets.
In B2B payments, the paper check is an especially persistent problem that can yield inefficiencies both on the accounts payable and accounts receivable ends. According to data from PaySimple , it costs businesses an average of $1.22 to process a single paper check.
The additions were made to SWIFT’s B2B solution, SWIFT for Corporates, that provides an online platform to connect corporations and banks, streamlining financial information across borders. I am pleased to welcome more corporate groups to join SWIFT,” said SWIFT Managing Director of Asia-Pacific Eddie Haddad. “We
. “More and more business travelers wish to make use of the flexibility that the sharing economy offers,” explained AirPlus Managing Director Patrick W. “Together with Airbnb, we are pleased to combine flexible booking, automated payment and billing, as well as transparent costmanagement into a single solution.”
Typically, small businesses benefit from working with wholesale suppliers, who can offer products in larger quantities at lower prices, thus aiding in costmanagement. A small business tip is that a small clothing store expanding its product line benefits from partnering with a wholesale fabric supplier.
Waning pricing power: Greater price sensitivity from indebted consumers and B2B customers reduce the viability of pass-through pricing as a way to neutralise the impact of cost pressures. CFOs should reconsider their automatic pass-through pricing strategies and assess opportunities for dynamic pricing.
Traditionally, CFOs come from accounting, and they’re known as people who can handle financing strategy, costmanagement, reporting needs and standards of accounting. “It was almost counterintuitive, almost backwards,” said Steve Osgood, a board director at Hannon Armstrong. But that freed us up to get a capital-markets-focused CFO.”.
Stampli uses its proprietary AI to recognize patterns and learn how each organization allocates cost, manages approval flows and extracts invoice data.”. Stampli turns each invoice into a central communications hub, allowing all necessary parties and systems to communicate in one place,” the company said.
The tool comes with Genesys Essentials and Genesys Advances, the company explained, to support spend management, compliance, operational costmanagement and scale for mid-market and high-growth companies.
CFOs surveyed agreed that technology could help with strategic spend management: 60 percent told researchers that they agreed process or technology improvement was key to improving costmanagement. 1 threat to CFOs’ abilities to make a positive impact on their companies’ financial positions.
Medpricer, a technology company that targets the medical and healthcare services with costmanagement solutions, is rolling out a spend analytics tool. In a press release Wednesday (Aug.
“In today’s business environment where costmanagement is a high priority, it is our aspiration to help organizations to significantly improve their operational and cost efficiency by automating their transactional flows,” Tan added.
The procurement department requires a strong technology foundation in order to control costs, manage supplier relations and generally execute the function effectively,” said Paul Mandell, cofounder and CEO of Consero, in a recent interview with SCMR. “To
This year, CPOs are likely to funnel the majority of their investments into spend analytics, costmanagement and eSourcing solutions, researchers found. Researchers found a 27 percent increase in the number of CPOs investing in digital, self-service portals for their customers.
Its open application programming interface (API) structure can help companies “maximize their financial impact” with third-party software providers and services, the company said, and it also includes costmanagement. .
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