Most U.S. and Canadian firms are aware of the transformative impact that third-party providers can bring to their working capital and are working with at least one such provider to help ensure they are getting the most out of the resources they have. In fact,...
Today in B2B payments, spend management jumps into the digital age with virtual cards, while three out of five companies build fraud detection into their digital payments processes. Plus, mobile solutions help truckers spend more time driving and less time enduring fleet checks. Virtual Cards...
When making the transition to digital payments, most companies also add systems for detecting fraud to the mix. Fifty-nine percent of them are now relying on advanced technologies to stop fraud, according to “Business Payments Digitization,” a PYMNTS and Corcentric collaboration based on a survey...
When truckers roll into a warehouse, they might find that they must pay $150 to get their trailers unloaded. If they don’t want to front that expense themselves, they would typically call dispatch to be issued a fleet check. In the meantime, they sit around...
Growth in new cross-border ventures has made it more critical than ever for financial institutions (FIs) and corporations to streamline business-to-business (B2B) payments. As digital technology makes global businesses easier to launch and manage, FIs are beginning to recognize the urgency in offering corporate customers...
Today in B2B payments, FinTechs are bringing freight brokerages into the digital age, while Jeeves’ valuation is up to $2.1 billion after a $180 million Series C funding round. Plus, Rupifi snags $8 million in its latest fundraising round, and Xometry reports 54% growth of...
One of the most effective investments firms can make to improve their days sales outstanding (DSO) is implementing technologies that automate invoicing. New tools can help firms better manage the inefficiencies associated with heavy invoicing workloads. This trend is most notable for those that process...
FinTech infrastructure platform Jeeves raised $180 million in a Series C funding round led by China’s Tencent that puts the startup’s valuation at an estimated $2.1 billion, according to a blog post on Tuesday (March 22). Additional backers in the round include GIC, Stanford University,...
The modernization of business-to-business (B2B) payments continues even as the pandemic ebbs, with the reliance on the paper check receding. Omri Mor, co-founder and CEO at Routable, told PYMNTS’ Karen Webster that the digitization of business payments and changing supply chain dynamics are spurring an...
