PYMNTS

JANUARY 8, 2020

Yet, as Tony Horling, founder and CEO of InTu Mobility , recently told PYMNTS, mPOS technologies designed for business-to-consumer (B2C) payments won’t cut it for multibillion-dollar enterprises that need to accept B2B payments in the field. Benefits For Payers.

B2B 56

B2B B2C Technology Accounting 56

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. “The

B2B 94

B2B Treasury Accounts Payable Cash Management 94

PYMNTS

MAY 12, 2020

Finacle TradeConnect is available for use with bill collection, letters of credit, open account for trade, C2C transactions for trade, B2C transactions for trade, purchase order financing and invoice financing, the press release notes.

B2C 85

B2C Invoicing Finance Compliance 85

PYMNTS

AUGUST 7, 2018

The company is collaborating with small business accounting firm Xero to integrate its B2B payments capabilities into the platform. ” He added that the goal of the integration is to lessen the time it takes for businesses to chase down payments for outstanding invoices, and to accelerate cash flow for customers. .”

B2C 40

B2C Invoicing B2B Reconciliations 40

PYMNTS

SEPTEMBER 26, 2017

Corporates are being forced to rethink their approach to accounting as new technologies disrupt the way firms transact and manage financial data. But, tools like electronic payments and cloud accounting software are far from the only forces that alter the corporate accounting landscape. That changes accounting,” Ty explained.

Accounting 40

Accounting B2C Education B2B 40

PYMNTS

DECEMBER 28, 2020

Corporates want to delay payment as long as possible in order to better manage cash flow, while suppliers are pressed to accelerate accounts receivable to strengthen their own cash positions. One of the most prominent culprits behind that friction is the intrinsic conflict that buyers and suppliers face in their payment flows.

B2B 81

B2B Invoicing B2C Reconciliations 81

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

Bramasol

MARCH 31, 2023

Although subscription-based offerings initially focused on B2C models tailored to serve consumers, as DSE has moved beyond just subscriptions, many B2B markets also have discovered the value of bundling various offerings into recurring revenue streams.

SAP 86

SAP Compliance Invoicing B2C 86

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. Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

PYMNTS

NOVEMBER 7, 2019

However, with cloud storage and computing a requirement for many businesses, with the surge of Software-as-a-Service (SaaS) and with B2C services like Amazon Prime embracing the B2B opportunity, recurring B2B electronic payments are an increasingly complex challenge for these service providers and the businesses paying them.

B2B 40

B2B B2C Foreign Exchange Invoicing 40

PYMNTS

APRIL 2, 2020

“It’s muscle memory,” she said of the ongoing use of the paper invoice. It’s what they’ve always done, and it works with their accounting system.”. For B2B customers, receiving paper invoices and mailing paper checks has its drawbacks as well. Why Friction Persists. Time is of the essence for B2B small businesses,” said Gray. “To

B2B 64

B2B Invoicing B2C Education 64

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 10, 2018

7) said accounts receivable management and B2B payments company Apruve will provide the B2B payments capability that enables businesses using the 3dcart platform to purchase goods for their business to pay for those goods on the same platform, even if they are paying on net terms. A press release issued Friday (Dec.

B2B 59

B2B B2C Invoicing eCommerce 59

PYMNTS

JANUARY 25, 2019

In terms of payments technology and alternative lending, B2C and B2B may be respectively seen as digital versions of the hare and tortoise. trillion within two years, and will account for 13 percent of all U.S.-focused This is a major gap in a market that is three times the size of B2C,” he told Webster. focused B2B sales.

B2B 63

B2B B2C Credit Risk Finance 63

PYMNTS

OCTOBER 6, 2016

Entryless, a cloud-based financial network that allows small and medium-sized businesses to react more quickly to the needs of their buyers and suppliers, announced an integration with accountancy platform Sage Live. This integration will improve companies’ ability to pay bills and complete accounts seamlessly.

B2C 75

B2C Auditing B2B Invoicing 75

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

MAY 6, 2019

Customers, on the other hand, need to be assured that their PII, such as credit card or bank account numbers, will remain safe. . The movement of money is initiated when the merchant’s bank requests to “pull” money out of the customer’s account and place it into the merchant’s. B2C push payments can deliver quick funds to consumers.

B2C 44

B2C Reconciliations Invoicing Securities 44

PYMNTS

MARCH 13, 2019

They managed subscription billing for multiple accounts in particular neighborhoods, as James Messer, CEO and founder of online billing platform Gotransverse , pointed out in a recent PYMNTS interview with Karen Webster. Managing the whole accounts receivable and analytics around it is where things get tough,” Messer told Webster.

B2C 62

B2C B2B Data Analysis Auditing 62

PYMNTS

NOVEMBER 6, 2019

Under the traditional way of doing things (the way generally controlled by traditional financial institutions), that software company would have to set up a local Australian bank account, and deal with hedging, remittances and other often-cumbersome tasks common to cross-border transactions. Global Debit Network.

Banking 40

Banking B2C B2B Invoicing 40

PYMNTS

FEBRUARY 24, 2020

The first and oldest writings of human civilization were not poems or prayers: they were invoices. 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. After all, B2B eCommerce will be a $1.1

B2B 73

B2B eCommerce Accounts Payable B2C 73

PYMNTS

NOVEMBER 19, 2020

But onboarding isn't just about obtaining bank account or payment details of a potential buyer. Credit scoring a new customer provides visibility into the probability that the buyer will actually pay an invoice upon receipt of goods or services. That's one thing where B2C selling merchants can learn from B2B selling merchants.

B2B 105

B2B eCommerce B2C Prioritization 105

PYMNTS

MARCH 8, 2017

Having been the market leader in B2C payments for more than a decade, we are now seeing a growing adoption rate of PayPal by B2B businesses,” said PayPal Global Channel Partners head Jason Smith in a statement. “As Their partnership also allows PayPal to boost its presence in the B2B payments space, the company said.

B2B 41

B2B eCommerce B2C Invoicing 41

PYMNTS

DECEMBER 6, 2019

For Eyal Shinar, CEO of Fundbox , understanding the burden that cash-flow bottlenecks and delayed invoice payments have on B2B companies came through personal experience. small businesses’ accounts receivable, as small businesses continue to sell to business customers on trade credit. trillion is now locked up within U.S.

B2B 53

B2B Invoicing B2C Economics 53

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

OCTOBER 28, 2016

She told PYMNTS why financing the buyer, not the supplier, can not only solve the issue of late payments but make accounts receivable disappear. “In the B2B economy, buyers are used to getting an invoice and paying when they’re ready,” she said. NOWaccount CEO Lara Hodgson has a different approach. Buyer Financing.

B2B 71

B2B Invoicing Finance B2C 71

PYMNTS

DECEMBER 23, 2020

Those that relied on traditional buying and selling methods and manual back office operations have had to find ways to digitize their operations for everything from ordering and invoicing processes to how payments are collected.

B2B 71

B2B B2C Invoicing Technology 71

PYMNTS

NOVEMBER 22, 2016

Researchers forecast mobile payments to account for $1 trillion in transactions next year. The company offers both B2C and B2B solutions but has recently fixed its eye on the corporate payments space. The accounts receivable tool targets some of what Koh described as the deepest pain points in B2B payments today.

B2B 65

B2B B2C Vendor Management Reconciliations 65

PYMNTS

JANUARY 15, 2021

The company offers automated accounting solutions, accounts receivable solutions like payment reminders and invoice generation, expense management and other tools for small and medium-sized businesses (SMBs) to manage finances. Sequoia Capital India led the Series A investment, TechCrunch reported.

B2B 67

B2B Finance Treasury B2C 67

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. The key is standardizing payments, money flows and invoicing. Buyers want to hold onto their cash and defer payment as long as possible.

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. Invoice Finance .

B2B 40

B2B Banking B2C Invoicing 40

PYMNTS

MAY 27, 2020

One strategic way of accomplishing this, explained Melnikovs, is to marry payment acceptance with eInvoicing, a function that he said often benefits the B2B commerce space even more than B2C. For the corporate buyer, this combination optimizes their own internal processes.

B2B 71

B2B B2C Reconciliations eCommerce 71

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 OfBusiness.

B2B 40

B2B Finance Accounts Payable B2C 40

PYMNTS

JANUARY 10, 2019

B2C disbursements account for more than 3.5 As of May 2018, over 85,297,000 million taxpayers have received faster federal tax refunds via direct bank deposits into bank accounts through electronic bank transfers. Further evidence of that comes from the new PYMNTS Disbursements Tracker. billion payments valued at $10.7

B2C 48

B2C Invoicing Banking Accounting 48

PYMNTS

MAY 19, 2017

While Telr, based in Singapore and India, provides front-office B2C payment solutions to its business customers, the company has also grown a presence in the back-office, with cash management and logistics solutions linked into its overall offering. Account-based marketing platform Terminus, based in the U.S., Cash Management.

B2B 61

B2B Investments B2C Cash Management 61

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

SEPTEMBER 18, 2020

That will eliminate the lag of up to four business days between when funds leave an employer's account and when they arrive in employees' accounts. Meanwhile, On-Demand Pay allows workers to have $200 of their earned wages in each pay period transferred to their accounts early for a low fee.

B2B 52

B2B Valuation B2C Invoicing 52

PYMNTS

JUNE 25, 2019

trillion net is owed in accounts receivable for U.S. The firms said in a release that the B2B buyers can complete an online application, and business data is provided through credit scores or bank accounts. Fundbox has estimated that the average business has 24 percent of its monthly revenue tied up in outstanding invoices.

B2B 54

B2B B2C Invoicing Finance 54