A $10 billion annual revenue for an industry is not too shabby, nor is a 12 percent revenue increase from the year before. With a recent study showing that supply chain management revenue is on track to hit its highest levels since 2011, it’s clear...
According to recent research from Bacs Payment Schemes, late payment debt for UK businesses has reached £46.1 billion. In effect, approximately one quarter of UK businesses are paying their suppliers late because they themselves are still waiting for payment. Get the Full Story Complete the...
When two unrelated consumer services—within a day—both made B2B corporate payment moves, it reflected more than B2B payment momentum. Both Uber and Airbnb recently announced new versions of their mobile apps that are geared toward helping organizations book and expense business trips. But what exactly...
Telecommunications firm BT Group announced this week that it had extended its contract with electronic invoice company Tungsten. The two firms have worked together since 2003, but BT has now selected Tungsten to extend the benefits of e-Invoicing to all its suppliers across all entities,...
U.S. Bank will introduce new tools designed to improve virtual spending options for corporate travel at the Global Business Travel Association’s annual conference this week, according to a company statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
If state partners pay vendors for their services in cash before implementation, vendors could be tempted to discontinue supplies before implementation, says the United Nations Population Fund (UNFPA) Monitoring Team. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Since the Great Recession, buyers and suppliers seem locked in a perpetually adversarial cycle when it comes to billing. Dynamic discounting aims to disrupt the adversarial cycle with an associative one where buyers and suppliers share incentives to collaborate. PYMNTS spoke to Ariba’s Director of...
Can a company be old school and innovative at the same time? While MasterCard and AT&T are both testing hi-tech solutions for authenticating overseas transactions by using geolocation data, American Express is eschewing hi-tech for a more direct approach with AX Connect. The closed-loop network...
Faisalabad Electric Supply Company (Fesco) administration announced this week that it had signed an agreement with SAP to implement a new Enterprise Resource Planning (ERP) initiative in the company. The new ERP system will accelerate different departments’ performance, including finance, accounting, procurement, customer care and...
