Digital technologies are being built to help solve one of the key challenges facing the construction industry: delayed payments. The construction industry’s days sales outstanding (DSO) stands at 94 days, according to “Under Construction: Improving Payments in the Construction Industry,” a PYMNTS and Ingo Money...
Before the pandemic, over half of business payments were done by paper check. But that iceberg of inertia that was freezing innovation within B2B payments is slowly starting to melt under the heat of new necessities around enhancing liquidity and improving cash flow visibility. Payments...
B2B payment platform OnlineCheckWriter.com has expanded its cloud banking service to provide entrepreneurs and freelancers in Oman with the ability to open a U.S. account remotely. This expansion aims to facilitate effortless payments to U.S. vendors, affiliates, employees and partners globally, allowing Omani businesses to...
Accounts payable (AP) automation provider Medius has launched partnerships with several British value-added resellers (VARs). The collaborations, announced last week, involve partners that are experts in enterprise resource planning (ERP) software. These companies — including The Access Group, Acuity Solutions, Anthesis, Escone Solutions, and Kamarin Computers — have developed “pre-packaged connectors between Medius AP...
Data Plus and Edenred Pay have expanded their partnership to create a new embedded payments solution for hotels and hospitality businesses. The new DPPay is designed to improve the complete accounts payable (AP) process by increasing efficiency, closing communication gaps in data and automating reconciliation...
Spenda has partnered with eBev to provide integrated payments solutions across the eBev marketplace, which enables the ordering of alcoholic beverages for Australia’s hospitality supply chain. The commercial rollout of these solutions will begin with 100 clients over three months in early 2024 and then...
Having access to some extra cash from your financial institution at certain points in your personal or professional life may be particularly helpful for individuals and companies, either to cover an extra bill or to continue in business. In the form of an overdraft, this...
Where a business spends money tends to define its go-forward strategy. But often where enterprise spend disappears to is opaque, with some departments sending checks to their vendors, others using electronic transfers, and employee reimbursements handled on an island. Fortunately, 2023 saw the rise of...
MaxAB, an Egyptian B2B eCommerce startup, and Wasoko, a Kenya-based eCommerce player, are reportedly in talks to merge their operations. The talks are ongoing and a deal has not been finalized, TechCrunch reported Friday (Dec. 22). Neither MaxAB nor Wasoko immediately replied to PYMNTS’ request...