Remove Construction Remove Invoicing Remove Reconciliations
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Moving The Business Payments Focus From Price To Process

PYMNTS

Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation. The rules you're going to do for a healthcare company from a fraud and security perspective are very different from construction,” she remarked. That’s especially when B2B payments cross borders and currencies, she said.

B2B 130
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Optal, Open ECX Move To Streamline Construction AP

PYMNTS

Corporate payments company Optal struck a new partnership to streamline B2B payments in the construction sector. 18) said Optal is collaborating with Open ECX , a digital transaction platform for the construction industry, via its WebContractor tool. General Manager Andy Downes said construction is a critical component of the U.K.

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The Rise Of The Multitasking SMB Finance App

PYMNTS

We see much more of a blending of financial services, invoicing and payments from the big players," she said in an interview, noting that even technology giants like Uber and Facebook, which hadn't initially entered the market as FinTechs, are stepping into this field. Take the example of a small construction business, Lapusneanu offered.

Finance 106
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How FinTechs View Integrated Receivables In 2020

PYMNTS

At the same time, a shift to electronic payments causes more reconciliation challenges, so companies are spending more time reconciling and processing them than they do even for paper payments. If they don’t use automation, companies dedicate more people to the reconciliation challenge — but automation can significantly help.

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The Architecture Of A Cross-Border B2B Payment

PYMNTS

Kohli pointed to the added benefits of incoming cash-flow predictions, enhanced invoicing and reconciliation capabilities, and stronger engagement with a vendor’s client community. “My belief has been that a cross-border payment is actually a synthetic construct,” he said. and Turkey. ”

B2B 53
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Visa Turns To V-Cards With Billtrust For AR Automation

PYMNTS

Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients. In an announcement on Tuesday (Oct.

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Why Legislation Isn’t Enough To Solve Construction’s B2B Payments Problem

PYMNTS

that most demonstrates the problem of late payments, it’s the construction sector. Late B2B payments in this space have been so troublesome, in fact, that legislators introduced the Construction Act several years ago to address the issue. If there’s one industry in the U.K.

B2B 44