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...
We are nearly a quarter of the way through the 21st century. But many firms are still carrying around legacy payment systems and suffering from clunky B2B workflows. This, despite the fact that — particularly within the B2B space — effectively deploying modern and digital...
The telecom and media sector is witnessing a surge in demand for embedded finance solutions, with a strong inclination toward embracing innovations such as installment plans, digital wallets, loyalty programs and corporate credit cards. This trend extends beyond marketplaces; recent PYMNTS Intelligence data has found that...
All the complexity and complications inherent to B2B payments have one, simple solution: going digital. But despite a sea of change in the payments world, change that is made up of relentless waves of digital transformation, B2B payments are still overly reliant on 19th century...
For enterprises large and small, the back office remains a key component ripe for modernization. And modernizing the workflows that take place, increasingly, involves payments functionality. Recent announcements from larger enterprise resource planning (ERP) providers and payments firms herald the practice of embedding of payments...
The business-to-business (B2B) marketplace has, through the past few years, been getting a digital makeover. And the emergence of platform models, with payments and financing embedded into the platforms themselves — changing the dynamics between buyers and suppliers — has been attracting investor interest and...
Beyond monitoring the bank accounts, beyond the day-to-day ebb and flow of cash in the corporate coffers, treasurers’ roles are changing. And, increasingly, technology is the prime enabler of that change. A recent spate of headlines tied to capital raises by FinTech and partnerships between...
FLEETCOR Technologies is rebranding to Corpay, saying the new name better reflects the range of corporate payment solutions the company offers. The name change will take effect March 25, when the company’s stock will begin trading on the New York Stock Exchange under a new ticker symbol, CPAY, the...