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Candex Raises VC To Help Businesses Pay For Gig Services With Blockchain

PYMNTS

The rise of the gig economy means companies can access a wide array of vendors, but an increasing volume of suppliers can lead to complications in the accounts payable department, the company explained, adding that the average large enterprise sees 90 percent of service vendors accounting for just 5 percent of overall spend.

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Procurement Professionals Unhappy With Tech Options

PYMNTS

Cybersecurity topped the list and was followed by third-party contracts and regulatory compliance. Procurement executives said their vendor partners aren’t helping in this area, either. Researchers found 86 percent of these professionals say they do not believe their suppliers are paying enough attention to risk mitigation.

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