Melio and Xero say they’ve teamed up to help small businesses spend less time on bookkeeping. A new integration between the firms lets small business customers who use Melio’s payments platform automatically sync their accounts payable (AP) and accounts receivable (AR) data with Xero’s accounting software, the companies said in...
Auto Hauler Exchange (AHX) has launched an online B2B marketplace for the vehicle logistics industry. The digital marketplace connects vehicle haulers across the United States and Canada with vehicle shippers like remarketers, dealers, fleets, rental car companies, auctions and manufacturers, AHX said in a Tuesday...
Late payments threaten cash flow and project completion for construction companies, with 86% reporting late payments damage productivity. In the “B2B And Digital Payments Tracker®,” Patricia Bonilla, owner and president of Lunacon Construction Group, explains why construction firms need to make tracking and receiving payments...
X-ERA and Paymob have partnered to help Egyptian merchants make digital B2B payments. The collaboration brings together Paymob’s payment acceptance technology and X-ERA’s mobile app for ordering fast-moving consumer goods (FMCG), the companies said in a Monday (Jan. 23) press release. “Digitizing B2B payments is...
A potential housing sector recession is on the horizon, with new construction and building permits falling as homebuilder confidence has sagged to its lowest level in a decade. The industry is taking measures to entice buyers — but, at the same time, it is facing...
Indian trade financing firm M1NXT is testing the country’s International Trade Financing Services (ITFS) platform. With ITFS, small businesses will be able to get early payments at lower interest rates after exporting their goods, the website Financial Express reported Sunday (Jan. 22). “The organization is...
Seamless collaboration among ecosystem partners after underdoing operational modernizations is critical to successful B2B transactions. This, as businesses are increasingly setting up next-generation payment networks and optimizing their internal systems to tackle historical problems around billing and invoice reconciliation frictions. PYMNTS research in the “One-Stop...
In an increasingly online world, companies still relying on manual accounts payable (AP) and accounts receivable (AR) processes are struggling to keep up — in more ways than one. A PYMNTS survey found that fraud limited international growth for 36% of companies using reactive, manual detection methods,...
As businesses cut costs and horde cash, automated treasury management systems are getting a closer look. In a bid to help businesses earn more money on their idle cash with minimal effort, FinTech startup Mayfair has launched an automated treasury management solution to help businesses...
