Sary, the business-to-business (B2B) eCommerce marketplace based in the Middle East and North Africa, announced it has acquired Mowarrid, a B2B food and grocery marketplace in Egypt. Terms of the deal were not disclosed. The deal represents a strategic move for Sary’s expansion into North...
More and more, business-to-business (B2B) commerce is going online — and going global. The B2B space’s steady trend toward digitization is continuing and has accelerated over the two years of the pandemic. The move to online transactions has been fueled by both the requirements of...
“At a certain point in the evolution of any business,” Corcentric President and Chief Operating Officer Matt Clark mused, “digitization becomes necessary.” The pandemic has hastened any number of corporate evolutions, forcing them to embrace at least some modernization of back-end processes. However, there are...
Today in B2B payments, SMBs are still struggling to get their customers to pay on time, and B2B marketplace Solv expands into Kenya. Plus, companies want more help buying and managing Software-as-a-Service (SaaS) applications. SMBs’ $28B Efforts to Encourage on-Time Payments Often Fall Flat The...
Online furniture retailer Wayfair’s business program, Wayfair Professional, has partnered with Capital One on a credit program for its Wayfair Professional members, according to a joint press release Thursday (March 3). Capital One Trade Credit will introduce a Wayfair Professional Credit Card with rewards and...
The average small- to medium-sized business (SMB) receives 72 one-off or nonrecurring ad hoc payments for services rendered or products delivered each year. These are payments for sales to buyers that SMBs work with once, twice or maybe a few times a year. Thirty percent...
For most companies, technology is a top-five line item on a profit and loss (P&L) statement; for many, it’s in the top two. And software is accounting for an ever-growing portion of that spending. “Every company in the world is — for the most part...
When eCommerce accelerated during the pandemic, merchants suddenly found they were acquiring more and more customers online — and they didn’t know them as well as their in-store customers. “With that, we needed to come up with a solution that allowed an omnichannel experience that...
Payments technology firm Priority Technology Holdings, Inc. on Wednesday (March 2) joined the Mastercard Track Business Payment Service to improve its business-to-business (B2B) payment solutions, according to a joint press release. The Mastercard Track Business Payment Service “automates payments-related data exchange between buyers and suppliers,”...
