PYMNTS

JUNE 20, 2019

This isn’t merely an issue for the B2C world, however. In accounts payable and accounts receivable, rising fraud mitigation efforts may also lead to more false positives, leading to declined commercial card transactions, misplaced suspicion between buyers and suppliers, delays in invoice processing and more.

B2B 73

B2B Accounts Payable Invoicing B2C 73

PYMNTS

SEPTEMBER 14, 2020

But B2B eCommerce is not the same beast as B2C. The core difference between B2B and B2C is that in B2B, the individual researching and buying has a job to do,” King said. It's a small but fundamental difference in mindset between B2C and B2B digital transformation.". It is their job. The payments experience is part of that.

B2B 107

B2B B2C Manufacturing eCommerce 107

PYMNTS

FEBRUARY 10, 2020

. “The SnapPay integration with [the] SAP digital payments add-on helps meet the unique needs of B2B and B2C customers,” said Dr. Oliver Kroneisen, vice president and head of financial operations development at SAP. “Brewster Home Fashions exemplifies how our continued commitment benefits customers.”

SAP 67

SAP B2B Accounts Payable B2C 67

PYMNTS

FEBRUARY 1, 2021

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

PYMNTS

JANUARY 17, 2020

Accounts payable (AP) automation technology has hit the ground running, with solutions designed to accelerate invoice processing, optimize payment strategies and promote digital adoption. It’s among the biggest differences between B2B and B2C payments, Bar noted. ” Finding A Middle Ground. .” The result?

B2B 61

B2B Accounts Payable Invoicing B2C 61

PYMNTS

MARCH 2, 2020

Corporate payments innovation has cast a wide net to tackle the many pain points businesses experience today, with accounts payable (AP) one of the most popular targets for disruptors. Many of the emerging payment scenarios are business-to-consumer (B2C), Mason explained, and stretch into many verticals.

B2C 60

B2C Accounts Payable Construction Accounting 60

PYMNTS

FEBRUARY 6, 2019

Coverage includes Deposit Solutions ’ rollout of business-to-consumer (B2C) open banking channel Savedo in Switzerland. Yooz launched an automated accounts payable (AP) solution based on the cloud for the U.K. Yooz launched an automated accounts payable (AP) solution based on the cloud for the U.K. In the U.K. ,

B2C 43

B2C Retail Accounts Payable Invoicing 43

PYMNTS

DECEMBER 31, 2019

Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. The negative impact that these increasingly outdated methods have on both senders and receivers has mostly been ignored, however. Manual processing challenges.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

PYMNTS

FEBRUARY 14, 2017

Mastercard struck a deal to help automate the accounts payable process for businesses in the United Arab Emirates , reports said Sunday (Feb. The credit card firm inked a partnership with technology firm Swipezoom, which operates in both the B2B and B2C spaces. ”

Accounts Payable 40

Accounts Payable B2C B2B Invoicing 40

PYMNTS

JULY 16, 2020

Force-fitting a B2C-based eCommerce platform for a B2B sales context can mean a lack of payments features corporates need, like the ability to facilitate check transactions and establish custom payment terms. Payments workflows are a particularly large hurdle in this space. ”

B2B 59

B2B eCommerce B2C Accounts Payable 59

PYMNTS

FEBRUARY 24, 2020

Unlike simpler more streamlined business-to-consumer (B2C) purchasing, B2B sellers still ship goods or extend services on the promise of being paid later on an unspecified date, usually months. Those movements are being closely observed by cyber villains looking for their next big score. After all, B2B eCommerce will be a $1.1

B2B 73

B2B eCommerce Accounts Payable B2C 73

PYMNTS

FEBRUARY 16, 2018

While WeTravel primarily operates in the B2C payments space, the payments company — which enables entrepreneurs and small travel companies to accept and manage payments for group travel — recently told PYMNTS it is open to exploring an entrance in the corporate travel space as well. Accounts Payable Automation. Corporate Travel.

B2B 49

B2B Accounts Payable B2C Invoicing 49

PYMNTS

JUNE 13, 2019

It seems an especially low number when considering this stat: Only 3 percent of companies meet customer demands for instant business-to-consumer (B2C) payments. Stepping back from the granularities of B2C and B2B payments, though, the executive said the groundswell of faster payments is inexorable. Why B2B Lags. The Larger Picture.

B2C 66

B2C Cash Flow Forecasting B2B Accounts Payable 66

PYMNTS

AUGUST 15, 2018

However, accounts payable (AP) service providers have more on their plate than simply making it easier for companies to pay their invoices digitally. Scott noted that one of the biggest reasons why is service providers’ failure to adequately address vendors’ needs in the accounts receivable department.

B2B 40

B2B Accounts Payable B2C Reconciliations 40

PYMNTS

JUNE 8, 2020

That’s the idea behind VeganPay , a new B2B and B2C payments solution rolled out by VeganNation , a U.K. For some markets, the “build” strategy may be more effective at improving B2B payment workflows that address those nuances. organization dedicated to fostering growth and sustainability of the global vegan community.

B2B 63

B2B Accounts Payable Currencies B2C 63

PYMNTS

SEPTEMBER 4, 2018

But Deutsche Bank’s report suggests corporates are headed towards real-time payments disruption — even if they don’t deploy real-time payments for their accounts payable operations. “As

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

NOVEMBER 3, 2020

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. One FI, First Bank, told the publication why B2B use cases are upping the demand for real time.

B2B 56

B2B Foreign Exchange Currencies Accounts Payable 56

PYMNTS

DECEMBER 30, 2020

Snap Accounts Payable, otherwise known as SnapAP, has announced the completion of the first stage of funding from angel investors as it continues on its way toward a planned $2 million seed investment round.

B2B 84

B2B eCommerce Banking Accounts Payable 84

PYMNTS

OCTOBER 21, 2019

The skewed flow of funds to the business-to-consumer (B2C) space comes amid a backdrop where valuations for domestic FinTech unicorns have been inflated. Thus far, the frictionless growth associated with B2C has been preferred to what he called the “grind it out, ROI-based sales model required of B2B.”. The General Landscape.

B2B 40

B2B B2C Accounts Payable Economics 40

PYMNTS

AUGUST 24, 2018

Investors also took a liking to accounting technology, alternative small business finance and eProcurement, with B2B FinTech startups raising more than $107 million in all. million to the company that deploys machine learning to accelerate supplier payments in the accounts payable department. In all, Previse raised $6.8

B2B 40

B2B Finance Accounts Payable B2C 40

PYMNTS

OCTOBER 6, 2020

Every company in the world is wrestling right now with their accounts payable (AP) and accounts receivable (AR) and they are pondering why they are still reliant on physical checks. Those platforms make it easier for buyers and suppliers to transact in a “consumerized” manner that echoes the simplicity of B2C commerce today.

B2B 84

B2B Treasury Communication Accounts Payable 84

PYMNTS

MAY 5, 2016

“Three quarters of all B2B transactions still happen through paper or PDF,” notes Galarza, and require the need for both an accounts receivable and an accounts payable department. Meanwhile, in a B2C transaction, “the consumer can simply pull up their credit card to pay for goods and services.”. Australia … the U.K.,

B2C 43

B2C B2B Accounts Payable Invoicing 43

PYMNTS

OCTOBER 29, 2019

Corporates, too, are struggling with their legacy infrastructures, which is one of the many reasons why Dearborn said B2B payments innovation cannot follow the same path that the business-to-consumer (B2C) payments space has taken. Dearborn said WEX takes three approaches to adoption.

B2B 40

B2B B2C Accounts Payable Banking 40

PYMNTS

SEPTEMBER 12, 2019

There’s also the age-old, seemingly inevitable push and pull of managing accounts receivable and accounts payables. firms are owed in accounts receivable on any given day. Suppliers, not surprisingly, want to get paid as quickly as possible for the goods and services they deliver. trillion is the net amount U.S.

B2B 45

B2B Accounts Payable Invoicing B2C 45

PYMNTS

APRIL 22, 2016

The venture capital world lit up last week with reports that B2B tech startups are now seeing increased funding, raising money at a faster pace than B2C startups. Transactis’ Series E funding is a massive show of support by traditional FIs for the digitization of the accounts payable and B2B payments space.

B2B 40

B2B Banking B2C Invoicing 40

PYMNTS

NOVEMBER 18, 2016

MC Payment offers an array of B2C and B2B payment solutions, but its most recent offering is Xaavan, a B2B supply chain payments and eInvoicing platform. Procurify offers a cloud- and mobile-based procurement and accounts payable solution to help companies analyze and manage spend. Cybersecurity.

B2B 74

B2B Accounts Payable Startups B2C 74

PYMNTS

DECEMBER 23, 2020

Businesses that are quick to embrace new technologies that can help them remove redundancies in their O2C processes are likelier to be more adept at adjusting to the changing dynamics brought on by the pandemic and will be better positioned to keep up with competition as B2B commerce goes global and becomes as interconnected as the B2C world.

B2B 71

B2B B2C Invoicing Technology 71

PYMNTS

SEPTEMBER 9, 2016

On one hand, some eProcurement experts say procurement should be as easy as B2C online shopping. ” According to the executive, that demand for a streamlined, mobile-friendly, B2C-like interface is what can help companies with that top challenge of employee adoption. ” It’s a tricky challenge.

B2C 40

B2C Accounts Payable Invoicing Compliance 40

PYMNTS

NOVEMBER 20, 2017

Phalen pointed out that the successful test in Singapore and the broader mission of Visa B2B Connect isn’t just looking at individual points of friction in corporate payments, like digitizing accounts payable or electronifying invoices.

B2B 52

B2B Accounts Payable B2C Leverage 52

PYMNTS

APRIL 1, 2016

A tool that allows users to snap a picture of a paper check with their smartphone and deposit it into a bank account — without ever having to visit a bank branch — is becoming commonplace for consumers. So, when a consumer deposits a physical check via mobile device, the funds arrive in the account, and the transaction is complete.

B2B 41

B2B Accounts Payable B2C Banking 41

PYMNTS

NOVEMBER 2, 2020

Everlink Payment Services is teaming with workflow solutions provider FINTAINIUM to offer B2B and B2C payments in real time, leveraging the ISO 20022 global standard, according to a press release.

B2C 64

B2C B2B Accounts Payable Leverage 64

PYMNTS

MAY 12, 2016

I’d rather get the order and lose the 2 percent and not have to go chasing my money and, if they don’t pay, to have to follow up with our staff, to call accounts payable.” Rather than B2B eCommerce becoming more like B2C, procurement and consumer purchasing are meeting in the middle to become more like each other.

SAP 40

SAP B2B Accounts Payable B2C 40

PYMNTS

NOVEMBER 3, 2020

Everlink, FINTAINIUM Team Up To Offer Real-Time B2B, B2C Payments. Everlink Payment Services is teaming with workflow solutions provider FINTAINIUM to offer B2B and B2C payments in real time, leveraging the ISO 20022 global standard, according to a press release. They can also assess ongoing credit quality. 2) announcement.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

DECEMBER 29, 2020

Now, with electronic processes in place in accounts payable (AP) and accounts receivable (AR) departments, businesses are in a more strategic position than ever before to elevate workflows and strengthen B2B relationships. B2B payments are messier than B2C payments," said Chanda.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

PYMNTS

JUNE 9, 2017

That’s especially true in corporate accounting, says Beanworks CEO Catherine Dahl. It’s an interesting time in accounting, and there’s a huge change coming,” she recently told PYMNTS, adding that digitization will become the norm, empowering humans to take on more strategic tasks while technology handles the repetitive stuff.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

PYMNTS

DECEMBER 30, 2020

Accounts payable (AP) departments were no longer in the office to cut paper checks, and accounts receivable (AR) personnel were no longer in the office to receive them. For some B2C firms, that meant expanding into the B2B market.

B2B 119

B2B Accounts Payable Invoicing B2C 119

PYMNTS

OCTOBER 2, 2019

As a result, he predicted that the entrenchment of faster payments will be a linear progression that moves from consumer-to-consumer (C2C) to consumer-to-business (C2B), then to business-to-consumer (B2C) to business-to-business (B2B). So, from the beginning, start with the individual consumer. It’s a delightful customer experience,” he said.

B2C 81

B2C B2B Accounts Payable Invoicing 81