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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.

B2B 92
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How AR-AP Connectivity Works To Deepen Buyer-Supplier Ties

PYMNTS

As more technology emerges to sit between a company’s accounts payable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations.

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

PYMNTS

A press release issued Friday (March 23) said Candex secured the funding from Edenred Capital Partners, Partech Ventures, Advisors.fund, Camp One Ventures, NFX, Tekton Ventures, Big Sur Ventures and angel investor Mark Goines. Candex facilitates vendor payments for its corporate users that take advantage of gig economy services.

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Report: Overcoming Cross Border Invoice Complexities

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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. This could lead to more buyers to start using B2B eCommerce sites to secure items, and these marketplaces are expected to facilitate $3.6

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NACHA Taps AeroPay Express As B2B Payments Partner

PYMNTS

The group is focused on addressing issues like payments friction and access to cash flow, as well as security and risk management of ACH payments. B2B payments today cause many significant challenges for AP/AR [accounts payable/accounts receivable] departments.

B2B 49
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Why Corporate Banks’ Should Seize Purchase-To-Pay Data Opportunity

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Another major hurdle unique to the purchase-to-pay space is the process’s deep touch points with an array of other back-office functions within the enterprise, including vendor management, product sourcing, accounts payable, accounting, inventory management, contract management, manufacturing and distribution, and more.

Banking 52
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The Virtual Card Case For Nonprofits

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The nonprofit industry has a lot to gain from this payment technology, claims a new whitepaper from vendor management consulting firm Vendor Centric. According to Vendor Centric, there are four key benefits for nonprofits when it comes to the v-card. Virtual cards, the report noted, can do the same.