Remove Accounting Remove eCommerce Remove Invoicing Remove Reconciliations
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Building A B2B eCommerce Strategy From The ERP-Up

PYMNTS

The evolution of B2B eCommerce has historically been driven by the effort to bring a consumer-like experience a-la-Amazon into the corporate procurement world. Yet using the consumer eCommerce framework as the launchpad for digitizing B2B trade isn’t always going to suit enterprise needs. It’s not an unfounded strategy.

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Today In B2B Payments News: Tide SMB Funding Runs Dry; Just Cashflow Plans Biz Banking Product

PYMNTS

challenger bank Tide runs dry of SMB loan funds, while Payer launches an ID verification service for B2B eCommerce platforms. The new product will let eCommerce merchants verify new customers as trustworthy to ease some of the difficulties of making new transactions, the release stated. Today In B2B, U.K.

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Credorax, Samsung To Introduce Blockchain-Based Open Banking

PYMNTS

The new partnership will combine “global open banking initiatives, Samsung SDS’ Nexledger Universal platform and Credorax’s industry expertise” in order to provide automatic payment reconciliation, remittances and invoices for B2B payments. The effect will be to eliminate the need for manual tasks for those functions.

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In B2B, Embedded Payments Make For Attractive Acquisitions

PYMNTS

As reported earlier in this space, dealmaking to date in 2020 has included eCommerce-as-a-Service firm Mirakl securing a $300 million investment, and payments firm Zoop securing a $10.85 The benefits of automating this process include reduced overhead, a streamlined payment reconciliation process and a shortened payment cycle for the payee.

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AP Automation: The Three ‘P’s’ Of Standing Out In The Crowd

PYMNTS

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

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How New B2B Payment Models Tackle The Buyer-Supplier Conflict

PYMNTS

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. As B2B eCommerce gains traction, the opportunity for consumer-like payment models will continue to grow, too.

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Recurly Integrates With Xero To Synchronize Billing

PYMNTS

Recurly, the enterprise-grade subscription management platform, announced Tuesday (July 25) an integration with Xero, a global, cloud-based accounting platform. Financial and accounting processes become considerably more complex in a recurring revenue scenario,” said Dan Burkhart, CEO of Recurly in the press release. “Our