Bitcoin’s blockchain technology may have found a new application: cutting the time and cost required by cross-border wire-transfer payments. Align Commerce has launched a public beta test of a system to let either businesses or individuals pay invoices globally, the company announced on Thursday (April...
The cost of indirect spend, the materials and services that businesses need in order to operate, can add up quickly. Some research estimates indirect spend accounts for up to 50 percent of a company’s purchases. In a joint survey by Supply Management and Expense Reduction...
Chinese officials have made efforts in recent months to boost economic growth in the nation, in part by introducing two loan interest rate cuts in the last four months. Despite these cuts, reports say, small businesses in the nation aren’t seeing any ease of burden...
Travel and expense management service providers are largely investing in the development of solutions that can be run through mobile applications, signaling a rise in the adoption of new technologies aimed at reducing the friction that exists in producing and processing an expense report. Get...
Digital procurement solutions provider PROACTIS wants to make payments faster for U.K. small businesses. The firm revealed only days ago that it has partnered with Inspired Capital and met with technology lawyers at Walker Morris to develop a new accelerated payment facility for Britain’s SMEs,...
Germany’s software giant SAP isn’t shy about going after what it predicts will be a $75 billion industry, cloud procurement service. With the launch of the firm’s Business Network, SAP has become a driving force behind the growth of B2B Software-as-a-Service. Get the Full Story...
The Thomson Reuters/PayNet Small Business Lending Index released the state of SME finance for February 2015 this week, and the results were promising. According to the Index, borrowing among small businesses in the U.S. rose by 7 percent from the same time a year ago....
Some 34+ years after the first online B2B transaction was made, paper invoices and paper checks still dominate how businesses pay each other. MPD CEO Karen Webster and Rhonda Rogers, Axidxchange VP of Payment Services, hosted a digital discussion about what it’s going to take...
Experts are constantly reminding B2B suppliers and manufacturers to invest in digital solutions because their buyers are moving online and want to procure goods and services the same way they do as a personal consumer. Get the Full Story Complete the form to unlock this...
