Today in B2B Payments: New B2B Products Aim to Help Cannabis, Meat Industries

Today in B2B payments, a B2B buy now, pay later (BNPL) option that helps cannabis retailers pay their vendors is expanding after a successful pilot program and a platform designed to solve many challenges for meat processing plants speeds up its global rollout. 

Report: Bespoke Plans to Expand B2B BNPL for Cannabis Industry 

FinTech Bespoke Financial plans to expand its B2B buy now, pay later (BNPL) offering for cannabis dispensaries in California and Massachusetts, according to a report from Reuters. A pilot of the BNPL product was launched in July, with Bespoke offering access to financing and Blaze Solutions providing the point-of-sale (POS) software. The product enables cannabis retailers to view financing terms and then finance purchase orders to vendors. 

Lumachain Raises $19.5M for Global Rollout of Meat Industry Platform 

Lumachain has raised $19.5 million in Series A funding to accelerate the global rollout of its computer vision-based artificial intelligence (AI) platform for meat and food processing plants. The platform is designed to help solve the global meat industry’s challenges around plant operation, supply chain, worker shortages and limited technologies. 

Lost Art of Forecasting Comes Back to the Fore 

In these turbulent times, forecasting is more important than ever before. Seko Logistics Senior Vice President David Emerson told PYMNTS’ Karen Webster that there are a couple of ways the company’s customers are retuning for the future. “The first is paying a lot more attention to forecasting and trying to get a handle on the line between supply and demand.” 

Beepo App Enables Secure, Decentralized B2B Payments, Messaging 

Decentralized messaging app Beepo, which is currently in beta testing, has added a new feature that it said secures all chats with blockchain encryption. With this feature, users can make B2B transactions, as well as B2C, with no third-party involvement, safely share funds with family members and clientele, access decentralized blockchain applications and browse online catalogs. 

Accelerating Pace of Change Tests CFOs’ Strategic Acumen 

The time when companies could confidently make five-year strategic plans passed with the pandemic, Parachute Home Chief Financial Officer Jeff Barker told PYMNTS. CFOs must be nimble and quick, along with the entire enterprise — especially in the dynamic retail sector — but they must also put in place the infrastructure that can keep their corporations on a course toward long-term goals. 

ERP Firm Jesta I.S. Debuts Upgraded Procurement Tools 

Enterprise resource planning (ERP) provider Jesta I.S. has launched an upgrade to its product development and procurement software, saying Vision S&D 22.0 comes with new features, functionalities and integrations designed to optimize product journeys, material resource planning and product data and lifecycle management. 

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