As businesses look ahead with uncertainty, cost centers like workers’ compensation plans are under review. This, as CFOs are turning towards tech solutions that deliver incremental savings by optimizing payments management practices, including managing spending. Workers’ compensation plans require hefty premiums, and managing this expense...
Even when the economy ultimately improves, the corporate belt-tightening trend looks set to stick around. This is as cost-savings and waste reduction really never go out of style. “Companies are running as lean as possible — and that’s something we’re seeing, increasingly, in our customer...
OpenBOM and ManuFuture want to give mechanical custom parts manufacturing a digital makeover. OpenBOM, a digital product data management platform, announced Wednesday (Dec. 14) it was working with ManuFuture, a mechanical custom parts manufacturing marketplace. “Digital transformation is in the air and manufacturing companies are...
The pressure is on for companies to conserve cash, to manage money flows more adroitly. Joe Payne, senior vice president of Source to Pay at Corcentric, told PYMNTS that not all that long ago, companies were contending with the great resignation. “Firms were still struggling...
Oracle CEO Safra Catz revealed her company would offer loan origination services for B2B clients. She also said Monday that Oracle would focus developing its B2B transactions segment leveraging its cloud technologies stack. Calling the financial service segment “very strategic” and “key to Oracle’s future,”...
Cloud-based financial and IT solution provider Kyriba has launched a new receivables finance solution. The new Kyriba Receivables Finance provides greater control over factoring or securitization programs, enables selective invoice financing and provides a real-time overview of credit facilities, utilization, limits and program performance, Kyriba...
Freight and shipping have been through the wringer after supply chain snags. Routable CEO Omri Mor and Flexport Chief Financial Officer Kenny Wagers told Karen Webster that there’s a silver lining of sorts. At a high level, the pain points and snarls of the past...
Arqit Quantum and Traxpay are collaborating to help supply chain actors conduct business efficiently and securely. With their signing of a contract, Arqit’s quantum-safe encryption is being deployed directly into Traxpay’s supply chain financing platform, the companies said in a Monday (Dec. 12) press release....
Exin Versa has launched a platform that helps buyers in Nigeria digitize their supply chain processes. The new Xelar by Exin Versa also enables these buyers to quickly access finance, collaborate easily with their suppliers and improve business performance, Xelar by Exin Versa Co-founder Folorunso...
