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B2B Tech Seeks To Connect Buyers And Suppliers Amid Market Volatility

PYMNTS

This week's roundup of the convergence of accounts payable (AP) and accounts receivable (AR) takes a look at how B2B payments solution providers are considering both buyers and suppliers as a result of the pandemic. PayMyTuition Meshes Education Vendor Management With AP. Versapay Eases Payment Pain With AR Tool.

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PayMyTuition Rolls Out B2B Supplier Payments Module

PYMNTS

To reshape how schools handle global business payments, payment processing provider PayMyTuition has rolled out an international vendor management module. Our innovative vendor management module will enable institutions access to a suite of international payment solutions that are directly integrated into their ERP and AP systems.”.

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Report: Overcoming Cross Border Invoice Complexities

PYMNTS

Companies are therefore reconsidering their accounts payable (AP) and accounts receivable (AR) strategies, including everything from how they place orders to how they pay for them. trillion worth of sales by 2024. Businesses are also reexamining how they buy from each other.

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AeroPay Creates Virtual Procurement Card Unit

PYMNTS

AeroFund has formed AeroPay Express , a unit that provides virtual procurement cards that act as a line of credit to business payers, as well as vendor management services. Vendors pay a fee to accept the virtual card payment. We’ll get that done by providing immediate cash and pass along the savings.”.

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Supplier Management Attracts $12M In Venture Capital

PYMNTS

With new funding in place, SirionLabs said it will expand its sales team, which exists across India, the U.S., Supplier management has been identified as a crucial component of the procurement process for businesses, in more ways than one. It may also help the accounts payable process operate more efficiently.