It’s been an eventful period in the B2B payments space. Here’s a recap of recent developments along with an analysis of the trends they illustrate. Integration Takes Top Billing Two developments illustrate the trend toward integration of B2B payment automation functionality into accounting and operating...
Live Oak Bank has announced that 10 lenders have joined its general Small Business Administration (SBA) lending team in the first half of 2022. These lenders work with brokers, intermediaries and individuals to assist with business acquisitions, partner buyouts and real estate purchases, the Wilmington,...
Working capital, at a high level, represents a firm’s ability to meet short-term obligations — the bills to be paid, the money on hand that’s needed to keep operations humming. From an accounting standpoint, the main drivers of working capital are receivables, inventory and payables,...
Digital banking and treasury management FinTech company Dragonfly Financial Technologies has launched as an independent company after the completion of private equity firm One Equity Partners’ acquisition of payments software provider ACI Worldwide’s corporate online banking unit. With its new autonomy and resources, Dragonfly will...
Today in B2B payments, linked2pay speeds the integration of its payments solutions with popular accounting and operating systems, while ConnectWise acquires Wise-Sync to add payments processing capabilities. Plus, Sweden’s Billogram aims to expand its invoicing platform across Europe. Linked2pay Deploys Workato to Integrate Payments, Accounting...
Payment software technology provider linked2pay will deploy workflow automation platform Workato to expedite the integration of its payment solutions with several popular accounting and operating systems. As a result of this deployment, users of QuickBooks, NetSuite, FreshBooks, Raiser’s Edge NXT and other software packages can...
Today in B2B payments, Nigeria’s Duplo, Germany’s topi and India’s Soptle announce their receipt of new funding to support the growth of their B2B platforms. Plus, TradeLens delivers the first electronic bill of lading transaction in Europe, while Freshly adds a B2B arm to deliver...
Santander has tapped Trovata for its cash management solution, Trovata announced in a press release Wednesday (Aug. 31) Through the partnership, Santander will market Trovata’s cash management platform to its banking clients as a way to modernize treasury workflows through data-driven automation. The companies plan...
Letters of credit (LCs) are an age-old way of conducting business. While they were necessary for transactions for many years, they are now becoming outdated. Today, there are alternatives to LCs that are frequently being used to complete transactions. Businesses have moved away from the...
