Economic uncertainty has heighten the need for accurate CFO revenue forecasting needed for corporate strategy. At the heart of this increased appetite for precision are the predictive elements that exist within accounts receivable (AR) and accounts payable (AP) data as efficient, consistent payment processing makes...
Fifth Third Bank has teamed with PrimeRevenue to offer working capital and trade payables solutions. With this collaboration, the bank will use the working capital and B2B payment solutions provider’s technology, data and support framework to support the bank’s enterprise and mid-market commercial clients, the companies said in...
BMO has joined forces with Extend to help clients create virtual cards. The bank said in a news release Wednesday (Dec. 7) that — via its relationship with Mastercard — its commercial clients would be able to create, send and manage virtual cards from their...
The economic uncertainty that characterized 2022 will continue to drive digital transformation in 2023. So says Adriana Carpenter, CFO of Emburse, an expense management and accounts payable (AP) automation platform. Many of her company’s clients are expected to still be looking to optimize revenue, she...
AvidXchange has released an invoice-to-pay application programming interface (API) integration with Intuit QuickBooks Online. With this new solution, QuickBooks Online users can add an accounts payable (AP) and payment solution that is fully automated, end-to-end and cloud-based, AvidXchange said in a Tuesday (Dec. 6) press release. “This is an...
Aluminum China has launched an online B2B marketplace and supply chain platform for aluminum products. Dubbed “ALU connect,” the new offering is designed to connect global buyers with Chinese suppliers. It currently allows access to more than 100 manufacturers verified by Aluminum China, an annual trade...
Unlike consumer payments, the B2B variety remain mired in legacy systems and manual practices. Small businesses, in particular, need easier payment experiences and help with cash management, but their path to this goal may be fraught with hurdles — not the least of which is...
With an increasing number of businesses going digital, virtual cards are fast becoming the preferred method of payments in various markets across the world, thanks to their ability to help curb overspending and crack down on the mismanagement of funds. As PYMNTS reported earlier this...
Invoice financing company Viva Capital Funding has closed on $85 million in bank credit facilities. The two bank credit facilities are split between a $45 million factoring platform and a $40 million land banking platform, according to a Thursday (Dec. 1) press release. “The closing...
