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Finding The Tech-Human Balance In B2B Payment Optimization

PYMNTS

B2B payments are messier than B2C payments," said Chanda. APIs have similarly become valuable tools to automate reconciliation and accounting via interconnectivity between AR, AP and accounting systems. Empowering Finance Professionals. The advancement of technology is instrumental to this pursuit of B2B payments optimization.

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Flywire: ‘I Wish For Embedded Payments To Become Ubiquitous In 2021’

PYMNTS

Ryan Frere, executive vice president and general manager of B2B for Flywire , believes that embedded finance in B2B is key to payments optimization in 2021. Virtually all cloud-based subscription services use some form of embedded finance. Most of the examples we know of today are on the B2C side. Apple iTunes is another.

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Citi: Accelerated Digital Migration Provides Insights Into B2B Behavior

PYMNTS

The finance organization does not have a choice in terms of embracing digital, and all of us have learned the hard way in 2020 based on the impact it had,” Sinha said. With so much change afoot, finance leaders must be tactful in how they lead their corporations’ modernization efforts. The Transformative Power Of Data.

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Why Merchants Should Look For Payments Orchestration

PYMNTS

In the old days, however, those in the payments business would generally split the payment lifecycle into what many people would call the front end and the back end — or payments transaction processing and then clearing, settlement and reconciliation. reconciliation). At the same time, other forms of proprietary payments exist.

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Building A B2B eCommerce Strategy From The ERP-Up

PYMNTS

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. ”

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Seller Platforms And Digital Marketplaces Define B2B Payments For 2021

PYMNTS

That's especially true, he told PYMNTS , when it comes to capturing data from purchase orders and invoices to accelerate document processing and reconciliation. For some B2C firms, that meant expanding into the B2B market. Buy now, pay later is exploding and has the potential to burst," he said.

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Asia-Pacific’s Anti-Cash Migration Spreads To Corporates

PYMNTS

The company offers both B2C and B2B solutions but has recently fixed its eye on the corporate payments space. “Things like digital invoicing, virtual cards and cloud-based finance and accounting will help the bottom line of smaller businesses by enabling them to process and receive payments quickly,” he stated.

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