Chief financial officers (CFOs) have never been ones to shy away from a challenge, and so far this year, they’ve certainly had their share of them to contend with. A slowing economy and rising inflation, geopolitical tension, lingering pandemic problems in the form of tight...
Egyptian consumer electronics retailer B.TECH has launched “deel,” an omnichannel platform for local merchants. “The deel app offers merchants the full spectrum of services to ensure efficiency and transparency while helping merchants start and further grow their businesses,” the company said in a Monday (Aug....
The Neat Company has eliminated the standard 1% fee for ACH transactions, a move the company said makes it unique among small business financial platforms. According to a Tuesday (Aug. 16) news release, this means the company’s platform “essentially becomes free” to small businesses that...
Home Depot Pro’s investments to digitize its business customer relationships are paying off. “For the Pro customer, we continue to invest in the ecosystem of capabilities, including enhanced fulfillment, more personalized online experience, as well as other business management tools to drive deeper engagement with...
Companies with a long history have many advantages, but being digitally native isn’t among them. CFOs assuming their responsibilities at such companies often face the daunting task of digitizing payments, inheriting what amounts to a paper-laden desk. Not so for those fortunate enough to join...
United Arab Emirates-based corporate spend management firm Alaan has rolled out the UAE’s first business cashback card, a press release said Monday (Aug. 15). The release said business customers using Alaan cards will be rewarded with up to 2% of their spending. Alaan, which was...
Accounts payable and procurement automation company PairSoft has formed a payment processing partnership with Payments-as-a-Service provider Finexio. “PairSoft Pay, powered by Finexio, will further solidify the high performance of AP and procurement teams using PairSoft’s comprehensive solutions,” the company said in a news release Monday...
Payments and accounts payable (AP) automation platform AvidXchange announced Monday (Aug. 15) that it has launched an integration with cloud-based accounting system Blackbaud Financial Edge NXT. AvidXchange’s customer based consists largely of “middle-market businesses and their suppliers,” according to the press release, while Blackbaud Financial...
Despite the long-standing quest to digitize B2B payments, there’s still a lot of work to do. There are many reasons why the status quo remains stubbornly intractable. The crux of the matter is the question of pain versus gain. Digitization has undeniable benefits, but it...
