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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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The Virtual Card Case For Nonprofits

PYMNTS

Nonprofits can face greater pressure than their for-profit peers when it comes to compliance. Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. Finally, the fourth major benefit of virtual cards is better cash management, stated Vendor Centric.