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Suplari Rolls Out New Tools For Spending Insights, Predictions

PYMNTS

Suplari , which works in spend agility, has debuted the next version of its Spend Industry Cloud, which has 175 different automated insights to help predict and manage costs, cash flow and investments, a press release says.

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Visa Among Investors In PayMate’s Series D Growth Funding

PYMNTS

Visa’s tactical investment enhances its successful partnership with PayMate in India and the recent expansion of their relationship in the CEMEA region. “We Features include vendor management, vendor payables, customer receivables and more.

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PNB MetLife appoints Nilesh Kothari as CFO

CFO News

As CFO, he will be in charge of business planning, financial control, middle and back office investment, vendor management, tax, and investor relations.

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Charles Schwab Preps For New CFO

Global Finance

Discount broker Charles Schwab has hired 33-year Citi veteran Mike Verdeschi as managing director and deputy CFO. Following a transition period, Schwab, which also offers investment management and banking services, plans to promote Verdeschi to CFO when incumbent Peter Crawford retires after 23 years with the firm.

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Why Corporate Banks’ Should Seize Purchase-To-Pay Data Opportunity

PYMNTS

But according to Cichy, when banks invest in these value-added services for their corporate clients, they also find a new opportunity in opening up data. To be competitive in the P2P space today, especially at the mid- to high-end of the market, the investment would be millions of dollars and a number of years of development,” he said.

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Why Efficient Cost Management Takes Center Stage for Private Equity Amid Rising Interest Rates  

E78 Partners

These forces have combined to create the most challenging investment and funding market since the Great Recession. In this new era of expensive capital, the emphasis has shifted from new capital infusion and rapid growth to smart portfolio company spend management and bottom-line performance.

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Candex Raises VC To Help Businesses Pay For Gig Services With Blockchain

PYMNTS

California-based Candex said it will use the investment to focus on expansion and to secure Fortune 500 corporate customers. Candex facilitates vendor payments for its corporate users that take advantage of gig economy services.