The traditional billing model for workers’ compensation insurance was shown to be flawed during the pandemic. Typically, a 12-month estimate of payroll is made up front, and payment is made for the entirety of the premiums. At the end of that term, there’s an audit....
Franklin Delano Roosevelt said, “Confidence … thrives on honesty, on honor, on the sacredness of obligations, on faithful protection and on unselfish performance.” What was true then is doubly so in the age of digital, when so much business is conducted between parties that rarely...
Mobile ordering automation company SAAVI has debuted a new version of its mobile app, the company announced Tuesday (Jan. 25), which should offer new ways to place orders. Per the release, the new version of the app will make it easier to place an order...
When companies come together in a group to buy together, they can enjoy better rebates and buy products at a price closer to that paid by their much larger competitors. As a result, there are sectors of the economy in which most of the companies...
A growing number of firms have moved to automated accounts receivable (AR) processes, but the adoption rate varies by industry sector. For example, only 48% of construction firms are using automated AR processes, according to “Innovating B2B Payments,” a PYMNTS and i2c collaboration. Get the...
Guided B2B marketplace Negotiatus says it has rebranded itself as Order following a $30 million Series B funding round. The financing, announced Tuesday (Jan. 25), was led by Stage 2 Capital via a direct investment from MIT’s $30 billion Endowment fund. Order, which raised $20...
The pandemic has thrust virtual channels into the spotlight as consumers all over the world have migrated online during shutdowns and operational restrictions. This digital shift has highlighted the many conveniences of eCommerce transactions, leading to permanent behavioral changes among merchants and consumers alike. For...
Expense management software company Expensify launched its Expensify CPA Card on Monday (Jan. 24), featuring quick client setups and a high monthly revolving credit limit with no credit check or personal guarantees, according to a company announcement. The Expensify CPA Card uses continuous reconciliation between...
While chief financial officers (CFOs) have many reasons to upgrade their accounts receivable (AR) systems, more than half of them cited more transparent processes as a primary motivation. In fact, 70% said that making AR processes more transparent would boost their customers’ lifetime value, and...
