These are trying times for many chief financial officers (CFOs) and other financial professionals, as unpredictable economic impacts have greatly complicated the task of managing cash flow and working capital. Uncertainty weighs heavily on these CFOs and treasurers who are responsible for making sure companies...
Sary, a B2B eCommerce platform, has bought a stake in Jugnu, leading its $22.5 million Series A round, the Riyadh, Saudi Arabia-based company announced in a Thursday (March 24) press release. The transaction was funded by a $75 million Series C financing. This investment marks...
While businesses have taken steps to embrace faster payments during the pandemic, a quarter of B2B payments are still made by check. This issue is the most pronounced in commercial real estate, where 34% of B2B payments are made by check. This could be due...
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...
