Low visibility into payments journeys has left accounts payable (AP) departments vulnerable to cyberattacks. Throughout the pandemic, businesses’ remote workspaces have been plagued by fraud concerns and a need for tighter cybersecurity procedures in their accounting departments. Most AP departments have received at least one...
B2B payments have a mail float problem — and they suffer from portal fatigue, too. In an interview with Karen Webster, Billtrust CEO Flint Lane said that digital lockboxes can automate the processing of payments and invoicing — cutting down the labor-intensive tasks that were...
As a growing number of accounts payable (AP) and accounts receivable (AR) departments recognize the benefits of digitization, more and more are adopting B2B digital payments. The B2B Digital Payments Tracker, a PYMNTS and American Express collaboration, reported that 80% of buyer-to-supplier transactions could be...
Closing the books at the end of every month is a familiar process for every business, but it’s one ripe for improvement — and doing so can create massive advantages for companies. “Making this month-end process more automated, easier to handle, significantly enhances the business...
StoreHippo, an Indian eCommerce platform, has updated its offerings to help companies exploring the Q-commerce boom, a report in the Indian website The Print said Friday (Feb. 18). StoreHippo is promoting a “comprehensive hyperlocal marketplace” and tools for dealer and vendor management, intended to help...
EdfaPay, the Saudi FinTech, has raised $1.6 million in a funding round, a press release says. EdfaPay, established in 2022 by founders Ghormallah Alghamdi and Nedal Sabbah, works on helping easily collect payments with smartphones. The service comes without the need to make use of...
Today in B2B payments, one in four U.S.-based global companies will invest in accounts payable (AP) and accounts receivable (AR) integration within the next three years, and Convictional raises $40 million in fundraising round. Plus, FinTech Transact365 has launched its payments platform in Latin America...
Product discovery and sourcing platform RangeMe on Thursday (Feb. 17) added a direct purchasing option that will allows retail buyers to browse and then buy CPG products directly from over 200,000 grocery suppliers. By allowing suppliers to create a B2B digital storefront and open direct...
U.K. FinTech Transact365 has launched its payments platform in Latin America, a move the company says makes it one of the region’s largest alternative finance platforms. As Fintech & Finance News reported Thursday (Feb. 17), the move allows for cross-border and local eCommerce transactions using...
