Today in B2B payments, the fashion, beer and raw materials markets each have digital platforms that are expanding to meet the needs of buyers and sellers. Plus, other digital solutions aim to solve challenges around healthcare payments and accounts receivable management (ARM).
Digital Payments, Virtual Trade Shows on Trend for Fashion Buyers
After going through an overnight transition of needing digital tools and virtual showrooms at the beginning of the pandemic, the fashion industry is evolving into the next phase. JOOR Chief Customer Officer Jennifer Rosado told PYMNTS’ Karen Webster that fashion businesses are asking, “‘Now that I’ve gotten more comfortable with unassisted online orders from my buyers, can I get those payments done digitally as well?’”
AB InBev Launches BEES B2B eCommerce Platform in UK
Budweiser Brewing Group U.K. owner AB InBev is rolling out its B2B eCommerce platform called BEES in the U.K., which will give its retailer customers more insights and flexibility. BEES was initially piloted in 2020 in the Dominican Republic and is now used in over 17 countries. With it, business owners can browse for products, place orders, set up deliveries, work with invoices and more.
B2B Startup Aksum Trademart Looks to Raise $25M for Expansion
India’s Aksum Trademart, a B2B startup that helps supply raw materials such as steel, coal, tiles, paint and polymer to small- to medium-sized businesses (SMBs), is looking to raise $25 million to expand and invest more technology into the company. Co-Founder Ankit Jain noted the future of the digital supply chain will require most companies to outsource, making the right tech essential.
FinTech Financing Options Ease Healthcare Practices’ Payer Pains
As a rigid healthcare system reinvents itself in the wake of a crisis that exposed manifold weaknesses, paying for care is the most glaring and where innovation is focused. A growing number of companies are bringing popular alternatives like buy now, pay later (BNPL) installments to the health space, allowing medical practices to offer patients flexible options while better managing cash flow.
Finvi, Prodigal Partner on Conversation Intelligence, Revenue Recovery
Finvi and Prodigal have partnered to help their shared customers in the ARM and healthcare revenue cycle management (RCM) industries interact with consumers in a more intelligent and seamless manner and accelerate revenue recovery. The partnership will combine Finvi’s workflow and intelligence solutions with Prodigal’s consumer intent apps.
Data Brief: 6 in 10 SMBs Say All-in-One Payments Systems Save Time
SMBs recognize that adopting an all-in-one solution could simplify accounts receivable (AR) management. Six out of 10 SMBs said such a solution would save them time on tasks. That’s just one of several benefits SMBs have identified, according to the PYMNTS and Plastiq collaboration “AP/AR Quick-Start Guide: How All in One Payment Platforms Can Transform B2B Transactions.”
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