When it comes to business-to-business (B2B) payments, it’s easy to get blindsided by the staggering $100 trillion-plus annual transaction volume and miss the real action. It’s not about the money moving around; it’s about the current friction associated with workflows and data handling that set...
The consumerization of the B2B landscape has at its heart a central insight: people are people. Increasingly, they want the whole of their lives to be as convenient as possible — both the professional bits, and the personal bits. And while businesses may sell to...
Back in 1987, Microsoft released Excel, its spreadsheet program designed to handle all manner of calculations and computations, from simple mathematics to complex probabilistic statements. And in the decades since, the files, the rows, the columns have proliferated by the billions, by the trillions, more...
The B2B landscape is a complex and multifaceted, but above all, it is incredibly valuable. There are trillions of dollars in play — representing a total addressable market (TAM) that is multiples of the value of the B2C landscape. Still, given the vast nature of...
Collective has debuted an artificial intelligence (AI)-powered accounting platform designed for one-person operations. “As freelancers delve into the administration needed to properly pay their taxes and keep their books up to date, they’ve been shocked by their choices: pay expensive local accountants and bookkeepers that often leave...
Bottomline expanded the availability of its legal bill review service for property and casualty (P&C) insurance carriers and corporate legal organizations. The service is now available to organizations using any legal spend or legal eBilling system, rather than being exclusive to customers using Bottomline’s platforms, the business payments company said...
ISO 20022 migration is increasingly top of mind for the world’s payments players. That’s because the open global standard for financial messaging is fast approaching several different and staggered industry timelines and compliance deadlines for varying market infrastructures around the globe, including a new November...
FashionGo has launched a net terms solution for buyers on its online B2B wholesale marketplace for the fashion industry. The new Dynamic Net Terms solution is tailored to meet the needs of wholesale buyers — a segment that is traditionally underserved — and offers dynamic net terms and...
B2B payments are famously, even infamously, complex. They entail multiple parties and high transaction volumes, all frequently moved across legacy systems that often necessitate the manual reconciliation of invoice details, payment terms, vendor information and more. Unlike consumer payments, commercial transactions are more about the...
