Remove B2C Remove Economics Remove Invoicing
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B2B Payments Speed Up

PYMNTS

In the March 2020 Innovating B2B Retail Payments Playbook: Optimizing Payment Solutions For Business Customers edition, a PYMNTS and MSTS collaboration, we’re reminded that typical B2B invoices take over 14 days to process, and the more people involved the longer it takes. In fact, B2C has been out in front on this one much more.

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Today In B2B: ERPs Broaden B2B Payments Capabilities; Bloomberg Broadens Credit Risk Data Pool

PYMNTS

Bloomberg is providing the data in the current global economic crisis to aid the markets with ready, accessible information that is timely and transparent for active credit assessments and predictive models to assess the volatility of the current market. Everlink, FINTAINIUM Team Up To Offer Real-Time B2B, B2C Payments.

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How New B2B Payment Models Tackle The Buyer-Supplier Conflict

PYMNTS

Yet the current trade credit landscape comes with significant challenges, especially for the supplier, with Floate pointing to the requirement for vendors to take on the financial risk until after an invoice is actually paid. New Payment Models Emerging.

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NexaCollect Rolls Out B2B Division For Commercial Debt Collection

PYMNTS

To help firms retrieve funds from past-due invoices, NexaCollect has rolled out a B2B arm that provides information about commercial debt collection, according to an announcement. The move comes as firms and commercial services are looking at large losses because of unpaid accounts receivable (AR) with the current economic deceleration.

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A B2B Payments Magic Trick: Making AR Disappear

PYMNTS

“But when you think about this idea that you would borrow a dollar and turn around and lend that exact same dollar to your customer for free — which is what an invoice is — doesn’t makes sense to me,” Hodgson continued. Suppliers get paid sooner, with 90 percent of the invoice paid via ACH to the supplier’s account.

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How Payment Variety Drives Collections Flexibility For SMBs

PYMNTS

“It’s muscle memory,” she said of the ongoing use of the paper invoice. The friction for customers of legacy collections tools is obvious: an experience of a cumbersome process of waiting for an invoice to arrive in the mail, and logging online or calling in to manually enter credit card data. Why Friction Persists.

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Asia-Pacific’s Anti-Cash Migration Spreads To Corporates

PYMNTS

Those drivers may support the rise in consumer mobile payments, but economic factors in the Asia-Pacific region have also opened doors for B2B mobile payments to gain traction, too. The company offers both B2C and B2B solutions but has recently fixed its eye on the corporate payments space.

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