Two supermarket conglomerates are teaming up and combining their leverage to get better payment terms from their suppliers. Reports in Reuters on Sunday (July 1) said France’s Carrefour and the U.K.’s Tesco, Europe’s largest grocer groups, are forming a global purchasing alliance that would enable...
Amid talk of enterprise digitization, discussions about paper invoices and checks persist. New research suggests a vast divide between businesses that have embraced technology and electronic processes in the accounts payable department and businesses that instead prefer to retain those paper invoices and checks. Get...
Strong cash flow among U.S. small businesses means less demand for financing, and trend is reflected in the latest figures from Pepperdine University‘s Graziadio Business School in conjunction with Dun & Bradstreet. Get the Full Story Complete the form to unlock this article and enjoy...
It’s not just the U.K. that sees an increase of late payments – right into Independence Day, the former colonies see their own rising tide of missed (payment) terms. Plus, gig workers will walk if they do not get paid on time ... and the Kroger...
The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways to connect entrepreneurs with capital, a journey that includes innovation and a bit of experimentation. Get the Full Story Complete the form to...
Blockchain firm we.trade announced today (July 2) that it has facilitated its first real-time trade transactions on its blockchain platform. A press release issued by we.trade to PYMNTS said 10 companies executed trades using four banks, all facilitated by we.trade’s infrastructure, which uses IBM‘s Blockchain...
As competition makes it challenging for retailers to retain customers, Walmart has created a new position of chief customer officer, which will be responsible for its in-store and eCommerce offerings. Former American Express executive Janey Whiteside will fill the role, which is geared toward bringing...
Social Finance, the online lender, has been holding talks with banks during the past few weeks in an effort to raise around $500 million in an unsecured line of credit to fund mergers and acquisitions of other FinTechs. Get the Full Story Complete the form...
Trax, the Singapore startup focused on the retail industry, raised $125 million in a new round of venture funding amid plans to go public via an initial public offering (IPO). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
