The biggest risk in B2B payments today isn’t failing to modernize. It’s assuming that modernization alone delivers value. The real test arrives in what many finance leaders privately call the “year-two problem,” or the period after regulatory migration deadlines pass and new systems go live....
Trade finance has a dirty secret. While containers can be tracked in real time across the world’s oceans, the documentation required to release those goods often moves at the speed of courier envelopes and manual approvals. Bills of lading, inspection certificates and letters of credit...
Watch more: What’s Next In Payments With Boost’s Dean M. Leavitt When weighing the adoption of digital B2B payments, enterprise CFOs once had to squint out across the innovation horizon. No longer. Payment advances such as digitization, automation, commercial cards, real-time payments and more are...
Chime Enterprise has announced three of the latest employers that have adopted its financial wellness suite, Chime Workplace. Chime Workplace is an enterprise financial health solution that includes financial tools such as earned wage access, a high-yield savings account and credit-building tools, Chime Enterprise, the enterprise division of Chime, said...
The velocity of change in B2B eCommerce isn’t just moving the goalposts. It’s creating a whole new ballgame. While B2B commerce leaders have for years been chasing the moving target of delivering corporate buying experiences that feel as seamless as consumer eCommerce, a new shift...
Embedded finance has evolved beyond a supplementary revenue channel to become the deciding factor between companies that forge lasting customer relationships and those that fall behind, according to new research examining how mid-sized and large firms are deploying financial services within their platforms. The study,...
B2B payments aren’t about money. They’re about relationships. And that means there’s no one-size-fits-all payment mechanism for B2B. Unlike consumer payments, where a handful of rails dominate and user experience is the primary battleground, B2B payments sit at the intersection of finance, procurement, treasury and...
Computer seller MSI has formed a pay-later partnership with B2B payments company Mondu. The collaboration, announced Thursday (Feb. 12), will allow MSI to offer buy now, pay later (BNPL) solutions in its online business store. “As B2B procurement shifts online, the demand for a seamless, ‘B2C-like’ checkout experience has never...
As counterintuitive as it sounds, businesses have typically moved forward by looking backward. The reason for this was the humble, and all too frequently monolithic, enterprise resource planning system (ERP). These platforms recorded transactions, enforced controls and closed the books. They were not designed to...