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Anticipating B2B Payments Evolution With B2C Payments Trends

PYMNTS

According to Viewpost CEO Max Eliscu, B2B payments often follows in the same footsteps as B2C. Paper invoicing and checks are well on their way out in the consumer setting, and more businesses across the spectrum are beginning to follow suit with transactions among their trading partners.

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Four Key Insights and Trends from the SAP Insider Event

Bramasol

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. Some of the other real-world benefits of BRIM-enabled DSE offerings are shown below.

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Neutralizing The Clash Of The B2B Buyer And Supplier Titans

PYMNTS

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
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Faster Payments’ Impact On India’s 100M Migrant Workers

PYMNTS

For example, the payer company may have a convoluted invoice approval process to complete before it can compensate its small business (SMB) supplier. Additionally, an account-to-account transaction can become seriously derailed by an error like an incorrect bank account number.

B2C 40
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Visa On Scaling Cross-Border B2B Payments

PYMNTS

Visa’s solution uses distributed ledger technology that leverages Visa’s existing global network of issuers to create private, permissioned networks that digitize the assets issued by members of that network. He also emphasized the need to leverage a trusted, secure network such as Visa, which been in existence for nearly 60 years.

B2B 52
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Leveraging Open Banking To Build The New Trust Ecosystem

PYMNTS

What we’re trying to do is leverage open banking to replicate a FedEx or Amazon experience where businesses know where their payment is at any given point of time, so they have real-time cash flow positioning.”.

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Optimizing Order-to-Cash-to-Compliance for SaaS Offerings

Bramasol

On one hand, the proven nature of SaaS has paved the way for widespread acceptance across both B2B and B2C markets. For more detail on leveraging Subscription Billing with RAR, register for this upcoming January 31 webinar. However, not all of these elements are required for every implementation.