Today in B2B payments, Tradeteq strikes a deal with Microsoft for trade financing, while CEOs lend their advice to President-elect Joe Biden. Plus, Paymerang introduces an invoicing feature, Finexio broadens availability of its B2B Payments-as-a-Service solution, and B2BE and OnPay team up to automate procurement payments.
Trade Finance Player Tradeteq Inks Deal With Microsoft
Tradeteq, which operates a platform designed to make it easier for banks to raise money for financing trade without turning to traditional sources or always conducting transactions in U.S. dollars, announced a collaboration that will put the company’s services on the Microsoft Azure cloud platform, FStech reported. Tradeteq said in prepared statements picked up by several FinTech media outlets that the arrangement will make it easier for customers in diverse markets to use the company’s platform without worrying about security.
Paymerang Debuts Invoice Solution For Better AP Accuracy
Paymerang, which works in accounts payable (AP) automation, has debuted its new Invoice Automation Solution, which a press release stated will help organizations with efficiency, accuracy, visibility and getting rid of manual paper processes. CEO Nasser Chanda said in the release that the solution helps accounting professionals get immediate visibility for every invoice and its approval status. He added that it also helps companies go paperless via electronic processing and archiving.
Finexio Makes B2B PaaS Available Through Microsoft AppSource
Orlando, Florida-based B2B Payments-as-a-Service (PaaS) platform Finexio is expanding its reach in the enterprise resource planning (ERP) software space and will now be available on Microsoft AppSource via a direct integration for Microsoft Dynamics users, according to a press release. AppSource is Microsoft’s online marketplace and the resource for Microsoft users who are looking for native Software-as-a-Service (SaaS) apps from Microsoft or other partners, the release stated. Finexio, according to the release, offers a modern approach for companies to use tools to digitize payment processes and get rid of paper checks.
B2BE, OnPay Team Up For B2B Payments Automation
Procure-to-pay provider B2BE and OnPay, which works in payroll services, are partnering to help clients access B2B payments automation, according to a press release. B2BE’s holistic services work for both direct and indirect spend, an omnichannel approach working to meet the suppliers at their level, at either a supplier portal, Web EDI or via email. The solutions help to more effectively manage spend, which helps companies increase visibility, lower their risk profile and ultimately become more profitable, the press release says. OnPay CEO and president Neal Anderson said the company’s mission “is to empower people to improve the lives of accounting departments globally.”
CEOs To Biden: Easy Does It On Regulation, Don’t Raise Corporate Taxes
The incoming administration of President-elect Joe Biden should avoid the broad-based use of tariffs, re-engage allies and spend more on education — but preserve the Trump administration’s tax and regulation cuts, nearly 300 CEOs assembled for a virtual Wall Street Journal conference said. When it comes to China, the consensus of many of the CEOs, who spoke on condition of anonymity, was that forging global alliances was the best way to ultimately pressure China on economic and security matters, WSJ reported. As for COVID-19, CEOs said Biden should resist any impulse to enact widespread lockdowns because companies have found ways to operate safely, according to WSJ.
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