Companies are more aware than ever of the need to remove frictions from their receivables and payables processes, but for businesses that have relied for decades on the same manual payment tools and systems, incorporating faster payment methods is often easier said than done. Smoothing...
Application programming interfaces (APIs) for payments orchestration can help businesses more easily add new capabilities to their tech stacks. APIs play a central role in payments orchestration because they bridge merchants and a multitude of payment service provider (PSP) options. Eighty-three percent of businesses consider...
B2B payment digitization came to the rescue during the pandemic, but it also can help businesses cope with humanity’s self-induced catastrophe, war. Ukraine is a poignant case in point. Companies there are using digital payments to keep doing business amidst the fog of war. Overall,...
Today in B2B payments, Klavi has raised $15 million in a Series A investment to grow its open finance solution and develop new B2B finance products, and Klasha has added a former PayPal executive as CPO to help in its mission to transform African commerce....
Open finance SaaS platform Klavi has raised $15 million in a Series A investment round to develop new B2B finance products. Founded in 2020, the company offers technology that generates insights from open finance data and offers products to businesses of any size, according to...
Many companies have embarked upon the journey to digitize B2B payments since the pandemic, but Reachdesk is an example of one that has only just begun. The firm, which enables B2B companies to deliver the “moments that matter” at scale through data-driven direct mail and...
B2B payments are notoriously slow and costly — witness the continued use of paper checks sent via snail mail — which is driving more operations to seek the efficiency platforms provide. For The AP/AR Quick-Start Guide: How All-In-One Payment Platforms Can Transform B2B Transactions, a PYMNTS...
Costs, technical concerns and even just the idea of a payment that cannot be revoked lead some businesses to take a cautious view of real-time payments. But as the reality dawns that the true decision about real-time payments will be “when,” not “if,” hesitation ultimately...
According to the latest “Business Payments Digitization: The Fast Track to Payments Systems Upgrades,” a PYMNTS and Corcentric collaboration, chief financial officers who have accelerated the payments modernization efforts that ramped up during the pandemic have found at least three unexpected benefits as a result....
