Remove Accounting Remove B2C Remove Invoicing Remove Reconciliations
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Citi: Accelerated Digital Migration Provides Insights Into B2B Behavior

PYMNTS

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
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GoCardless Brings Direct Debit Supplier Payments To Australia

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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
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How New B2B Payment Models Tackle The Buyer-Supplier Conflict

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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
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Deep Dive: AP Processing Delays And How New Payment Innovations Can Help

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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.

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Deep Dive: The Risk-Reducing Case For Push Payments

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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
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Building A B2B eCommerce Strategy From The ERP-Up

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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
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Easing SMBs’ Digital Transformations Through Online Payment Acceptance

PYMNTS

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