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Axiom Bank Acquires Factoring Firm

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The acquisition will also bridge Allied’s existing customers to the banking and cash management offerings of Axiom, the companies said. According to the press release, Allied targets small and middle-market companies with its invoice financing solution. Financial details of the takeover were not disclosed.

Banking 54
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Countingup Lands $750K For Entrepreneur Banking, Accounting Tool

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Countingup , a FinTech that aims to combine and streamline corporate banking and accounting for small- and medium-sized businesses (SMBs), secured fresh funding this week, according to news from TechCrunch. Fouracre told the publication that it will also provide VAT returns, invoice generation, reporting and other features. “If

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What No One Saw Coming In AP Automation And What Comes Next

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Beyond the particulars of check disbursements or ACHs (and the detailed instructions that accompany any payment between buyer and supplier), Disque said automating payments into enterprise resource planning (ERP) or cash management functions (thus eliminating manual touchpoints) are especially beneficial in a remote working environment.

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Visa Turns To V-Cards With Billtrust For AR Automation

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17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. According to Hall, verticals like construction, equipment and healthcare can especially benefit from greater supplier acceptance of virtual cards. In an announcement on Tuesday (Oct.

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Why Construction Payments’ Friction Has Nothing To Do With Payments

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A B2B transaction in an industry like construction, where what triggers a payment isn’t a single, simple invoice. It is perhaps unsurprising, then, that the construction sector is no stranger to delayed and late B2B payments. What’s more complicated than a B2B transaction? ” Rather, the true solution lies in data.