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Maximizing Value: The Significance of Spend Management for CFOs of Private Equity Backed Companies

E78 Partners

Mitigation of Financial Risks: Spend management helps CFOs minimize financial risks like overspending, non-compliance, and fraud. Key Strategies for Effective Spend Management Below are proven strategies for CFOs to enhance spend management, complemented by our firsthand experiences of supporting businesses with these approaches.

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BNY Mellon Partners With Early Warning Services For Faster Payment Times

PYMNTS

By leveraging EWS’ Real-time Payment Check service with account owner authentication, BNY Mellon’s solution will aid in speeding up validation, so long as the account is open and in good standing, and the payee is authorized to sign on the account. Due to the real-time factor, fraud can be mitigated, the release states.

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

PYMNTS

This can lead to the administrative costs associated with vendor management exceeding the cost of the vendor’s services. “It It is amazing how much time and effort gets wasted when a typical organization tries to work with small vendors,” said Jeremy Lappin, Candex co-founder and CEO, in a statement.

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Netspend CEO On Making The B2B Pivot

PYMNTS

He said those ecosystems are mainly focused with owning the engagement and interaction with the customer, which means they want payments and onboarding capability but don’t want to be program managers. At the same time, he said Netspend can reliably do all of that with its built-to-scale technology platform.

B2B 112
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Inventory Strategy Drives The Rise Of ‘Micro-Warehousing’

PYMNTS

While eProcurement and vendor management technologies can help ease the friction, B2B trade doesn’t begin with the purchase order. Smith noted that this shift has emerged as more businesses seek data analytics and business intelligence capabilities within their inventory management operations. ”

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