PYMNTS

JULY 16, 2020

The evolution of B2B eCommerce has historically been driven by the effort to bring a consumer-like experience a-la-Amazon into the corporate procurement world. Yet using the consumer eCommerce framework as the launchpad for digitizing B2B trade isn’t always going to suit enterprise needs. It’s not an unfounded strategy.

B2B 59

B2B eCommerce B2C Accounts Payable 59

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

PYMNTS

MARCH 23, 2020

based eCommerce firm, is hoping its new bePayd service will help invoices get paid faster, particularly in the trying times of the coronavirus pandemic, according to a press release. The new service will allow invoice payments to go through almost immediately. Proactis , a U.K.-based

Invoicing 52

Invoicing eCommerce Planning Technology 52

PYMNTS

JANUARY 18, 2021

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 Reports in Boss Hunting said two brothers based in New York are accused of committing fraud with the eCommerce conglomerate by posing as a legitimate B2B wholesaler.

Invoicing 87

Invoicing Accounts Payable B2B Securities 87

PYMNTS

APRIL 9, 2020

Traditional purchasing, which occurs when corporate buyers call in orders and receive paper invoices via postal mail, is being replaced with newer methods that have buyers shopping on B2B eCommerce platforms or automatically sending purchase order details directly to vendors through digital channels. eCommerce Sites and Client Portals.

B2B 66

B2B Invoicing Accounts Payable eCommerce 66

PYMNTS

NOVEMBER 10, 2020

Digitization has soared to the top of chief financial officers' priority lists, and as corporates enhance their accounts payable (AP) and accounts receivable (AR) workflows with automation, these modernization initiatives are ushering in a deeper convergence between the AP and AR functions. "I

B2B 79

B2B Accounts Payable eCommerce Accounting 79

PYMNTS

DECEMBER 23, 2019

India-based accounts payable automation company Finly has announced new funding as it plans to expand its B2B product offering, reports in YourStory said Monday (Dec. We believe the team has built a fantastic SaaS product for the global market,” said Adith Podhar, Gemba Capital managing partner.

Startups 52

Startups Accounts Payable Securities B2B 52

PYMNTS

JANUARY 14, 2021

Today in B2B payments, Citi announces its news Treasury and Trade Solutions (TTS) head, while Rho lands new funding and adds accounts payable to its business banking technology. Plus, Medius collaborates on invoice management, TravelPerk acquires NexTravel, and Sweep lands funding for T&E tools. 13) announcement.

B2B 56

B2B Accounts Payable Banking Invoicing 56

PYMNTS

JUNE 11, 2020

Now that businesses have gotten a taste of what it means to automate workflows like invoicing, accounts receivable (AR) and cash management, they’re likely never turning back. That means not only digitizing invoices, but actually integrating payment capabilities on that electronic document, or within the company website itself.

Cash Management 60

Cash Management Invoicing Accounts Payable B2B 60

PYMNTS

SEPTEMBER 24, 2020

Accounts payable (AP) teams are now taking a fresh look at the potential of tools such as virtual cards to ease their transaction frictions. Amazon reportedly lost $19 million to a scheme that allegedly saw vendors deliver and bill the company for items well in excess of what the eCommerce giant had ordered.

Construction 107

Construction Accounts Payable B2B Pharmaceutical 107

PYMNTS

AUGUST 18, 2017

Further adding to that complexity is the fact that enterprises today operate on the global stage since eCommerce makes it easier than ever to sell across borders. Israch said that tasks as far ranging as supplier management, invoice processing and regulatory compliance can be managed through Tiaplti’s AP Hub. and overseas.”.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

PYMNTS

SEPTEMBER 6, 2019

landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. Buyers, meanwhile, optimize working capital by extending days payable outstanding, with a financier stepping in to pay the invoice. France’s Upflow announced a $2.7

B2B 62

B2B Invoicing Accounts Payable Startups 62

PYMNTS

JULY 16, 2019

Billie, a Germany-based startup offering invoicing and financing solutions for small businesses and corporates, announced about $33.6 Billie operates a platform upon which companies can send invoices to their corporate customers, collect payments and access invoice financing on unpaid bills.

Finance 40

Finance Invoicing B2B Accounts Payable 40

PYMNTS

MAY 1, 2020

It was a niche B2B eCommerce platform for the architecture and design arena, however, that landed the most funding. Targeting small and medium-sized businesses, Wise offers checking accounts, Visa debit card push payments, bank transfers, check payments, invoicing and a Wise Card reader to help SMBs pay and get paid.

Banking 66

Banking B2B Accounts Payable eCommerce 66

PYMNTS

APRIL 10, 2020

With staff shortages caused by the pandemic, however, the eCommerce firm is pausing the offering. COVID-19 Stimulus Money Could Show Up In Consumer Bank Accounts Today. The accounts payable (AP) process, to a large extent, remains stuck in a predigital time and is governed by checks as well as paper-based invoices.

Healthcare 86

Healthcare Accounts Payable Invoicing Nonprofit 86

PYMNTS

JULY 24, 2019

If the last mile of eCommerce lies with logistics — getting goods where they need to go — the “last mile” in digitizing payments processes may lie within payments automation. It’s a process mired in paper checks and invoices, and thus mired in inefficiency. Clearing the Hurdle.

Accounts Payable 57

Accounts Payable B2B Invoicing eCommerce 57

PYMNTS

JANUARY 17, 2018

Over the past few years, demand has increased for system integrators, ERP (enterprise resource planning) resellers, procure-to-pay implementers, business process outsourcing companies and banks to work together as their clients strive to enable complex capabilities like cross-border payments and invoice automation.

Accounts Payable 40

Accounts Payable Auditing B2B CFO 40

PYMNTS

DECEMBER 2, 2016

But the largest venture capital funding round went to an accounts payable automation firm in the U.S. Indeed, the last two weeks were dominated by small, early-stage investments staggered across a variety of industries, from T&E to alternative lending to B2B eCommerce. B2B eCommerce. with an $18 million investment.

B2B 53

B2B Accounts Payable Startups eCommerce 53

PYMNTS

JUNE 10, 2020

In financial functions, adoption of procure-to-pay, expense management, accounts payable (AP), accounts receivable (AR) and other apps is on the rise — particularly as today’s corporates are forced to accelerate their cloud migrations to support remote working environments.

Accounts Payable 52

Accounts Payable Accounting Invoicing Leverage 52

PYMNTS

APRIL 3, 2019

Separately, Bill.com , in addition to securing $88 million in financing, has launched a partnership with Mastercard to speed up accounts payable for joint business customers. The collaboration ties together virtual card technology with the Bill.com platform to help smooth and speed invoice payments. Canada and Asia.

Accounts Payable 92

Accounts Payable B2B Invoicing Banking 92

PYMNTS

FEBRUARY 19, 2018

You could call accounts payable (AP) the last mile of payments in a way. In transforming the payables process, the executive said, “it goes beyond just the payments themselves. The other driver, he said, “is the ability to turn the accounts payable function into a revenue source.”

Auditing 51

Auditing Accounts Payable Currencies Accounting 51

PYMNTS

DECEMBER 11, 2019

Orders are placed and shipped, and a paper invoice is generated, with retailers using legacy payment strategies to settle those bills. It seeps into the invoicing and payment process on both sides of a transaction, noted Piermont. Traditionally, B2B commerce is conducted over the phone and via email. An Emerging Late Payments Problem.

B2B 52

B2B Invoicing Accounts Payable Compliance 52

PYMNTS

JANUARY 11, 2021

FortisPay boasts its commerce platform, Zeamster, which can help deliver multichannel experiences, cloud EMV with point-to-point encryption, a full recurring commerce functionality, integrated invoicing and cost optimization. The Swype acquisition is as equally important as the partnership with Net at Work.

eCommerce 73

eCommerce B2B Invoicing Technology 73

PYMNTS

SEPTEMBER 10, 2018

In an effort to boost the speed and efficiency of B2B payments and improve payment deliverables, several companies are turning to electronic invoicing solutions. Around The B2B API World.

B2B 40

B2B Invoicing Accounts Payable Entertainment 40

PYMNTS

DECEMBER 28, 2020

The order-to-cash (O2C) process — which describes businesses’ end-to-end sales procedures from the initial presale activities to payment and invoice receipt — does appear to be shifting toward a new digital normal,” the new Playbook states. Improving Cash Flow, Reducing Expenses. Business is cyclical.

B2B 71

B2B Cash Flow Forecasting Invoicing Leverage 71

PYMNTS

JUNE 7, 2016

There was an incident in 2013 in which nonprofit firm MusicBrainz sent a cake — yes, the edible dessert — to Amazon’s finance department to satirically celebrate the three-year mark of an unpaid invoice. “Dear Amazon: Congratulations on 3rd Anniversary of invoice #144!” ” the icing on the cake exclaimed.

Accounts Payable 43

Accounts Payable Invoicing Nonprofit Communication 43

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

AUGUST 13, 2019

A lot has happened on the accounts payable side of the equation,” he told PYMNTS. Not enough has happened on the accounts receivable side.” research shows that direct debit is the second most popular payment method for B2B-based online subscriptions, regular business bills and invoices, and installment plans.

Accounts Payable 53

Accounts Payable B2B Invoicing Currencies 53

PYMNTS

FEBRUARY 28, 2018

Adopting a purchase order (PO) matching process is a significant marker of maturity, according to Rob Israch, chief marketing officer for accounts payable (AP) automation startup Tipalti. A PO matching process ensures a PO has already been established and approved for the vendor before an invoice is even received.

Startups 40

Startups Currencies Accounts Payable Invoicing 40

PYMNTS

APRIL 16, 2019

But retaining a large collections staff to sift through accounts that need payment, using a variety of esoteric methods to induce buyers to pay, is neither a good nor efficient solution – a situation for which Billtrust’s clients would like a remedy. People think of eCommerce as shifting some spend from offline to online.

B2B 46

B2B Credit Risk Invoicing Accounting 46

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. That's especially true, he told PYMNTS , when it comes to capturing data from purchase orders and invoices to accelerate document processing and reconciliation.

B2B 119

B2B Accounts Payable Invoicing B2C 119

PYMNTS

MAY 8, 2018

There can be a bit of a tug of war between accounts payable and accounts receivable — or, more accurately, buyers and sellers — and cash in and cash out. The reason lies with a new invoicing setup that some feel may pressure the “cash in” part of the cash flow equation. percent of the invoice cost.

Invoicing 40

Invoicing B2B Accounts Payable Sales 40

PYMNTS

MAY 25, 2018

He continued, “When it comes to payment, almost every B2B customer expects to get an invoice that implies some type of credit terms. At the same time, suppliers expect to be able to automate payment collection and other accounts receivable functions.

B2B 40

B2B eCommerce Accounts Payable B2C 40

PYMNTS

JANUARY 7, 2021

Plus, Udaan lands funding for B2B eCommerce technology, Kofax collaborates on AP automation and Bringg partners for B2B delivery. Udaan Raises $280 Million for B2B eCommerce in India. Indian B2B eCommerce platform Udaan said it raised $280 million in additional funds as of Wednesday (Jan. billion ($31.3 billion) in soured debts.

B2B 66

B2B Banking Invoicing Accounts Payable 66

PYMNTS

JANUARY 7, 2021

Plus, Udaan lands funding for B2B eCommerce technology, Kofax collaborates on AP automation, and Bringg partners for B2B delivery. Udaan Raises $280 Million For B2B eCommerce In India. Indian B2B eCommerce platform udaan said it raised $280 million in additional funds as of Wednesday (Jan. billion ($31.3

B2B 52

B2B Banking Invoicing Accounts Payable 52

PYMNTS

DECEMBER 2, 2019

But once their operations expand to include a multichannel sales model , a lack of transparency and efficiency can cause bottlenecks at processes from warehousing up through accounts payable. But by far, the most complex challenge is identifying and dealing with invoice discrepancies,” Evetts said.

Accounts Payable 40

Accounts Payable Invoicing Communication Retail 40

PYMNTS

OCTOBER 18, 2019

million fundraise for Finland’s Enterpay will help the accounts payable solution provider strengthen its position in the European B2B eCommerce market. million for its technology that connects companies in the grocery, convenience, health food and artisanal market industry with a B2B eCommerce platform. reports.

B2B 40

B2B Cash Flow Forecasting Invoicing Accounts Payable 40