Today in B2B payments, Sezzle discusses back-office automation. Plus, Kissflow explores cloud procurement, U.K.-based Tide plans to serve small- to medium-sized businesses (SMBs) in India, TravelPerk and Divvy are teaming to strengthen visibility into travel expenses, and NorthOne has eliminated non-sufficient funds and overdraft charges for clients.
Sezzle CFO Taps Front-Facing Tech Talent To Support Back-Office Automation
In the build-versus-buy debate, B2B FinTech innovation developed for the financial back office has made “buy” a clear winner with companies aiming to digitize processes. Yet this game plan is not without disadvantages. In a Digital-First CFO discussion, Karen Hartje, CFO of buy now, pay later (BNPL) FinTech Sezzle, provides support for the “build” side of the debate, explaining that being a part of a firm that has a digital-first business model has provided the necessary resources to support tailored solutions and links.
TravelPerk Teams With Divvy To Bolster Visibility Into T&E
Divvy and TravelPerk are working together to offer a travel and expense management experience with a collaboration. TravelPerk attains the status of Divvy’s primary travel partner by way of the tie-up.
The Advantage Of Moving B2B Procurement To The Cloud
Purchasing is ready for a digital makeover from the non-automated workflows in addition to hardcopy communications and payments. Mohammed Kafil, senior product manager at Kissflow, told PYMNTS that the cloud can help smooth that migration for enterprises. “In [procure-to-pay], if teams are handling everything manually, moving to a cloud procurement system enables eInvoicing and improves the overall efficiency, frees up the AP [accounts payable] team to focus on value-added activities like working capital management and treasury services instead of AP settlement activities,” he said.
Business Account Provider Tide Plans To Serve SMBs In India
FinTech firm Tide, which is headquartered in the United Kingdom and works with SMBs, is set to step into the Indian market with a $100 million investment commitment. More than 200 staffers currently work for the firm in India.
SMB Banking App NorthOne Ends Overdraft Fees
NorthOne, an app for small businesses, has put an end to all non-sufficient funds and overdraft charges for its clients. “We’re excited to eliminate NSF and overdraft fees for NorthOne customers and make our pricing even more transparent and simple,” NorthOn CEO and Co-Founder Eytan Bensoussan said in an announcement.
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