Understanding who one is doing business with is the first step to mitigating a myriad of risks, including non-compliance, non-payment, violated contracts and more. For decades, business partners have gathered at in-person meetings, conferences and networking events to do business, with the physical business card...
The latest rundown of small business (SMB) finance research uncovers key areas for improvement: Younger small business owners are more often relying on personal credit cards for business purchases, paper remains a staple in the finance department, and, while small business loan delinquency rates overall...
Malaysia-based MyEG Services is rolling out a new payroll solution developed on blockchain technology. Reports in The Edge Markets on Friday (Oct. 5) said MyEG is rolling out “PayMe” software, a tool allowing employers to manage payroll functions, like overtime, more accurately. PayMe will first...
New data from CBIZ Small Business Employment Index (SBEI) reported a month-over-month decrease in hiring of 2.45 percent in September, which follows the usual trend for this time of year. SBEI, which tracks hiring trends among thousands of companies that employ 300 or fewer employees...
B2B payments company TransferMate Global Payments has announced a partnership with AccountsIQ, which will enable its customers to access preferential FX rates for payments through an automated solution within the AccountsIQ system. TransferMate, which is partly owned by AIB and ING Group, has built one of...
Business credit card startup Brex has confirmed earlier reports of its pursuit of unicorn status. A press release issued Friday (October 5) said Brex closed a $125 million Series C funding round, valuing the company at $1.1 billion just a little over three months after...
When it comes to BEC fraud, the fruit is low hanging, according to data from Dark Shadows -- tens of thousands of finance department emails were exposed in breaches. Elsewhere, down under, a guilty plea emerges in a massive payroll scam.
In payments, there are solutions that can address the symptoms of a friction-filled process, and there are cures that can replace that process outright with something better. Take the simple example of receipt data in corporate expense management. Technology today can extract data from a...
InsurTech has a lot of room to innovate, from payout friction to risk analysis. The startup community has delivered a strong response to market gaps, and investors this week showed their interest in the B2B InsurTech market with three deals, including two rounds marking Eos...
