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Today in B2B, Bloomberg broadens its creditrisk data pool, and two ERP solutions secure B2B payments integrations. Bloomberg To Incorporate CreditRisk Data. The release stated firms have more often been looking for data to validate their own internal counterparty and creditrisk assessment.
The company said that the suite “uniquely positions itself” in a market that is not well-served by providing a cash reconciliation app, eInvoicing and collections app. In addition, the creditrisk app automates credit scoring with built-in credit information for more rapid client onboarding.
On top of these industry-specific challenges, the legal cannabis space faces the traditional hurdles associated with B2B payments: friction in invoice processing and payment reconciliation, cash flow management challenges, and the disconnect between when buyers want to pay and sellers want to get paid.
The suite offers services for cash reconciliation, eInvoicing, collections and creditrisk assessment. The partnership will allow merchants using AmEx to utilize the HighRadius integrated platform, which is digital and will help to save time and cut costs.
Third-party service providers that can sit between the buyer and supplier, for example, facilitate a payment delay for the buyer while taking on the trade creditrisk for the supplier.
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 creditrisk analysis in a single system. Alternative Lender eCapital Buys UK-Based Advantedge Commercial.
One of the most crucial areas for banks’ treasuries is risk mitigation , which, according to Beaulande, has become more complex as it relates to other areas of treasury management. Managing liquidity and creditrisk are definitely of main concern to FIs.
In its announcement , HighRadius said the mid-market is looking for AR solutions that can support teams working remotely with enhanced functionality including “eInvoicing” and cash reconciliation. With a focus on suppliers’ corporate customers, the tool also integrates a creditrisk solution. ”
Working capital and cash flow optimisation With uncertain times ahead, CFOs today must monitor the impact of price volatility, foreign exchange fluctuations, and interest rate changes, and be able to rapidly revise financial asset positions and protect against increased creditrisks.
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