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The latest JAGGAER software release offers new artificial intelligence (AI)-based ways of measuring risk and optimizing the purchasing process, a press release says. And there is a new riskanalysis add on that will offer a new AI-based analysis to more easily determine the level of risk, the press release says.
Alternative lending platform Validus is deploying Visa virtual card technology to help small and medium-sized enterprises in Singapore with unpaid invoices access working capital, according to an announcement Thursday (June 22). Validus operates a platform through which investors can provide financing to SMEs directly.
Today in B2B payments, Amazon takes advantage of cloud adoption with expanded call center functionality, while Sage collaborates on small business cash flow management. Meanwhile, Aareal Bank launches a new B2B payments platform, Cobase teams up for FX and eCapital acquires a commercial lender. 1) announcement. and Canada.
Today, alternative small business (SMB) lending company Fundbox is launching Fundbox Pay, a solution the company says will move its credit offering closer to the B2B transaction itself. Paying via Fundbox Pay has to be initiated by the supplier, which can send a link with an invoice for buyers to get on-boarded and complete payment.
Invoice financing company MarketInvoice is enhancing its product offering through a new collaboration with Euler Hermes. Recent high-profile corporate failures reinforce the need to be increasingly aware of the risks of late or non-payment for goods and services provided on credit.”. Reports Thursday (Feb. 8) said the U.K.
According to Lori Frank, president and CEO of Argos Risk , COVID-19 is the black swan event for supplier relationship management and supply chain riskanalysis. As a result, firms will receive invoices from vendors on their supplier list, pay them, and rarely give those payments a second thought. ” A Dramatic Shift.
Today in B2B payments, corporate acquirers get creative with technology in a pandemic world, while BBVA upgrades its expense management offering. JAGGAER Release Upgrades AI Capabilities For Suppliers, RiskAnalysis. Corporate Buyers Take On COVID World With Pandemic Technology. The JAGGAER ONE 20.3
Combined, more than $337 million in funding will fuel growth for an array of B2B startups that revealed their latest funding rounds this week. Its platform provides proprietary cyber-riskanalysis technology to corporate customers. B2B Payments. PYMNTS breaks down the latest deals below. Cybersecurity. Employment Hero.
The tie-up is an extension of a current relationship that will have Satago’s offering smoothly linked with Sage Accounting, which will offer clients automated invoice chasing, invoice finance and credit riskanalysis in a single system.
The solution offers value-added features like automatic COVID-19 travel alerts and riskanalysis, according to Business Travel News , while also enabling corporate travelers to remain within their firms’ travel policies. Amadeus B2B Wallet Expands Functionality. Amadeus B2B Wallet Expands Functionality.
B2B payments and finance company Fundbox is expanding its partnership with consumer financial services company Synchrony in a deal that will expand the latter’s position in small business funding.
It’s now more likely that two employees working from home will accidentally pay the same invoice twice, for example. It’s certainly important for business leaders to address problems like expense fraud, duplicate invoice payments or non-compliant spend. Less Of The Bad, More Of The Good.
Drilling down a bit, in terms of mechanics, the joint offering will also provide OpenText business network customers — where payment commerce is more than $9 trillion annually across its Supplier Portal and the OpenText IoT platform — the ability to access “spot” financing through the Mastercard Track B2B global trade enablement platform.
The risk score ranges from 1-100 and considers 800 variables to understand how likely it is that a supplier may go bankrupt or default on existing obligations like loan or invoice payments. "It I may see there is a supplier that may be having some financial difficulty, but they're a very safe supplier," he said.
. “It’s not just about placing a purchase order and paying an invoice,” Blake said. ” Riskanalysis offers a business the ability to go after the right suppliers that are more likely to continue alongside corporate clients and meet contractual obligations, like pricing agreements.
In a press release , the trade credit insurance company said its investment in and partnership with APiO will create the solution that integrates directly into small businesses’ accounting platforms, allowing firms to register and receive financing on unpaid invoices more quickly.
But in some instances, the benefits of AI may outweigh the risks, especially in areas like accounts receivable, and especially when the technology can address the long-lasting frustration of late invoice payments. Davies pointed to solutions Pay360 offers that include customer riskanalysis as one example. Pay360 , a U.K.
“This is transforming the credit riskanalysis process. but research released in March of this year found that Australia is actually the worst market for late invoice payments. ” Today, underwriting capabilities are the name of the game for alternative finance, regardless of location.
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