While dozens of industry executives took part this fall in PYMNTS “Ten Minutes With…” interviews, five key themes emerged from our expert panelists concerning the future of digitized business — including greater visibility, easier access to credit, faster processes, more consumer-like transactions in the B2B...
It’s been a decade in the making, but with the pandemic, and with 2022 gaining ground on the road ahead, invisible payments are a reality — or will be soon. Greg Cohen, CEO of Fortis, told PYMNTS’ Karen Webster that as 2021 passes into 2022,...
Global eCommerce activity has surged over the past year, presenting prime growth opportunities for enterprises. These opportunities come with several challenges, however. Enterprises must meet cross-border shoppers’ payment preferences by accepting localized payment methods, accommodate local or regional regulatory requirements, and manage a wide variety of cross-border payment...
Supply chain has certainly been in the forefront lately. One part of that chain is what Factor calls the “first mile” — the processes that move something from theoretical design to physical product. This includes sourcing, scheduling, following up on order status, enforcing order terms...
As digitization makes business-to-business (B2B) payments more like retail payments, buyer and seller experiences improve. For one thing, digitization brings operational efficiency. The capabilities and toolsets that come with digitization enable businesses to grow without growing their support base. There’s also the user experience: Harmonizing...
For a glimpse into the potential that digital transformation holds for B2B commerce, you might not find a better example than the world of buying and selling industrial chemicals. Multinationals get the strategic chemicals they need directly from the manufacturer — through a labor-intensive procurement...
Manual accounts receivable (AR) processes create several significant pain points for businesses. The pandemic is amplifying these problems as firms struggle to reconcile their invoices and minimize their own cash flow crunches. One effect has been significant increases in days sales outstanding (DSO). Investments in automation can alleviate many...
Digital experience platform Optimizely has launched an integrated version of its B2B commerce and content cloud products. “The integration allows these two industry-leading products to be easily implemented together, enabling brands to reach audiences with more sophisticated content strategies and work more effectively across large...
Like consumers, businesses face similar challenges in making and receiving payments in a rapidly evolving global marketplace. Although consumers benefit from increasingly user-friendly ways to manage international transactions, innovation in business-to-business (B2B) cross-border payments has often lagged. Yet, the same points of friction that hinder...
