Sections
procurement
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1.8KB2B PaymentsIs Digital The Best Defense Against Trade Finance Fraud?
There are trillions of dollars at stake when it comes to trade finance fraud, and a senior OCBC Bank MD urges firms...
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1.8KB2B PaymentsKraft Heinz Uncovers Employee Procurement Misconduct
U.S. food giant Kraft Heinz continues to address issues related to claims of procurement misconduct after the Securities and Exchange Commission (SEC)...
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2.1KB2B PaymentsConstruction Ponders The Equipment Rent-Versus-Buy Dilemma
Confidence in the equipment finance industry has dropped in recent weeks, new data from the Equipment Leasing and Finance Foundation revealed. While equipment...
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2.0KB2B PaymentsGovQuote Links Government Suppliers To BlueVine Financing
Small business financing platform BlueVine is teaming up with government procurement solutions portal GovQuote to connect government vendors with working capital solutions....
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2.3KB2B PaymentsProcurement Execs Brace For USMCA Impact
In the wake of the United States-Mexico-Canada (USMCA) trade agreement (the framework that outlines trade tariffs between the U.S., Mexico and Canada), analysts...
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3.4KB2B PaymentsProcure-To-Pay’s Tax Conundrum
Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase...
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3.6KB2B PaymentsUK Study: Businesses See Fraudsters As ‘Ahead Of Industry’
In the UK, might the fraudsters be getting ahead of the firms they are bilking? A recent study from Vocalink points to...
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2.8KB2B PaymentsCourt Ruling Reveals Complexities Of SMB Government Contracts
The U.S. General Services Administration (GSA) has been forced to throw out $15 billion worth of IT service contracts with small businesses (SMBs)...
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5.0KB2B PaymentsB2B FinTech Tackles The Nuanced Challenges Of Marijuana — Beyond Banking
The legal cannabis market continues to reach new milestones, the latest being the launch of the industry’s first commodity trading desk —...
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2.9KB2B PaymentsBasware Launches Approval Confidence Index To Its Procurement Tech
Electronic invoicing firm Basware announced that it has added a machine learning-enabled, predictive capability to its procurement technology. The idea for its Approval...
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3.8KB2B PaymentsPunchOut2Go Launches New Extensions For Magento Marketplace
PunchOut2Go has announced the launch of its new PunchOut for Magento Marketplace extensions for Magento 1 and Magento 2. The company specializes in...
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3.3KB2B PaymentsTurning Industrial Procurement Into A Well-Oiled Machine
It’s become a cliché too often heard today in the B2B space: Procurement should evolve into an experience that mirrors a consumer...
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3.5KB2B PaymentsSEC Probes Heinz Over Procurement Accounting
Kraft Heinz saw its market value plummet by about $17 billion on Friday (Feb. 22), after posting a $15 billion write-down on...
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3.7KB2B PaymentsHigher Education Learns The Value In Procurement Spend Visibility
The higher education sector is facing rising pressure to manage spend, as operating costs climb and organizations face greater scrutiny over tuition...
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9.2KB2B PaymentsXeeva Secures AI Patent For Procurement Spend Analysis
Procurement technology firm Xeeva has announced a new patent pertaining to enhanced spend analytics, the company said in a recent press release....
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3.4KB2B PaymentsPatisserie Valerie Saga Finds Fake Invoices
Ongoing investigations into the £40 million (nearly $52.4 million USD) fraud that felled Patisserie Valerie have found that fake invoices were involved....
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4.9KB2B PaymentsPutting Hospitals’ Supply Chain Spend On The Examination Table
Supply chain management is essential for any company, but in the healthcare field, it can literally mean the difference between life and...
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4.6KB2B PaymentsAccenture Debuts SynOps Automation Tool To Reallocate Human Talent
Corporate consulting company Accenture is debuting its SynOps enterprise automation technology five years in the making, a tool that reports said could...
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3.8KB2B PaymentsPayments Innovation, Gig Economy Drive Procurement Digitization
In the past, procurement teams have had to fight to prove their operations are more than a cost center for their businesses....
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5.4KB2B PaymentsCompliance Execs Forge Closer Ties With Corporate Buyers
With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions...
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7.9KB2B PaymentsBlockchain Tries To Jolt B2B eCommerce Into The Digital Age
The complexities and demands of B2B eCommerce can be significantly greater than those of the consumer digital shopping realm. While that characteristic...
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3.6KB2B PaymentsCertify Enters Procure-To-Pay Market
Corporate expense management company Certify is stepping into the procure-to-pay arena with the launch of Certify Purchasing, announced Thursday (Jan. 17). The...
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3.2KB2B PaymentsGovernment Suppliers To See A Few Changes Post-Brexit
In a historic defeat, U.K. Prime Minister Theresa May saw a dramatic rejection of her Brexit deal on Tuesday (Jan. 15), adding...
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4.3KB2B PaymentsHealthcare’s CIOs Are Losing Their Purchasing Power
Worldwide enterprise investment in IT is slated to reach $3.7 trillion, according to 2017 Gartner statistics, marking the fastest growth rate in...
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2.1KSpend ManagementFor Charter Schools, A Workforce Spend Tutorial
Public charter schools operate independently from traditional public schools — but with this autonomy, says Marco Rafanelli of BuyQ, comes less purchasing...
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4.1KB2B PaymentsUS Air Force Launches SMB IT Procurement Program
The United States Air Force is implementing a new program designed to promote procurement of goods and services from the small business...
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3.8KB2B PaymentsCorcentric Lands Financing For M&A Expansion
Procurement and financial process automation firm Corcentric announced a new credit facility that it secured as it prepares to invest in expansion....
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2.9KB2B PaymentsSingapore Alt-Lender Merges With eProcurement Platform
Two Singapore-based FinTechs are combining their services to create a unified supply chain financing tool. Reports in Vulcan Post on Thursday (Nov....
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5.4KB2B PaymentsBusiness Buying Habits Are Shifting, But It’s Not Necessarily All About Speed
Business buying habits are shifting, and while B2B eCommerce may be about speed and convenience when professionals want to purchase office supplies,...
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4.5KB2B PaymentsShell Companies Eyed In Fraud At Aegean Marine
Payments fraud on the high seas, perhaps, as a global shipper may have been involved with fake transactions and shell companies. Elsewhere, ransomware...
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3.1KB2B PaymentsCannabis Logistics Finds Opportunity In Uncharted Territory: WAYV
FinTech innovation is often a layered process, taking existing infrastructures and processes, and developing new tools to improve upon them. In the...
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3.7KB2B PaymentsWAYV Lands Seed Funding For Cannabis B2B Procurement Platform
With cannabis legalization expanding around the globe, marijuana-targeting FinTech startups are a growing breed, too. The latest to secure venture capital is...
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3.4KB2B PaymentsHow Supplier Churn Can Stifle B2B Payments Automation: Symbeo
Accounts payable (AP) automation certainly has the potential to transform the invoice-to-pay process by allowing employees to turn their attention from monotonous,...
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4.7KB2B PaymentsAsia Corporates Replacing ACH With Cards, Citi Finds
Corporates across the Asia Pacific region are increasing their use of commercial card products, according to a new report from Citi. Reports...
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4.4KB2B PaymentsLevaData Eyes Procurement’s Slow March Toward Data Analytics
Enterprise digitization is beginning to see a troubling trend. While executives may understand the importance of key technologies like data analytics, artificial...
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3.4KB2B PaymentsValueSelling Eyes The Influences Of B2B Buying Behavior — Besides Amazon
The business-to-business (B2B) buying experience has changed; there’s no doubt about that. The business-to-consumer (B2C) commerce landscape has had a massive influence...
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3.7KB2B PaymentsUkraine Defends Cost Of eProcurement Project ProZorro
Ukrainian government officials are defending payments made to their digital procurement platform provider, following claims of wasted funds as detailed in the...
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5.2KB2B PaymentsAccenture Debuts Blockchain Procurement Solution In Thailand
Business services conglomerate Accenture is expanding its blockchain solution offerings with the development of a procurement platform launched in Thailand. The company...
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4.2KB2B PaymentsG2 Crowd On Avoiding The Costly Mistakes Of SaaS Procurement
Software company 1E raised eyebrows in 2016 when it released a report warning that businesses have wasted a collective $28 billion in...
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4.5KB2B PaymentsSoftware Procurement Plays Favorites With B2B Investors
Cybersecurity is likely to remain a favorite among B2B investors into the foreseeable future, so it’s no surprise that the industry landed...
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3.8KB2B PaymentsSievo Calls On Procurement To Broaden Analytics Horizons
They say “you’re biggest competitor is yourself.” In corporate finance, though, it may not pay to look at financial performance in isolated...
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3.2KB2B PaymentsKoble Reflects On What Trade Disputes Mean For B2B Matchmaking
Understanding who one is doing business with is the first step to mitigating a myriad of risks, including non-compliance, non-payment, violated contracts...
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5.0KB2B PaymentsUK Finance: Invoice Fraud A Threat To Business
Invoice fraud looms as a threat to businesses in the U.K., contends UK Finance, with thousands of fraud cases and tens of...
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2.3KInternationalUK’s Payment Systems Operator, NPSO, Details RFP Must-Haves
The New Payment System Operator (NPSO) announced on Monday (Sept. 24) the initial details for a new procurement process for the clearing...
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3.5KB2B PaymentsSuplari Customizes AI Analytics For Procurement Teams
Artificial intelligence (AI) firm Suplari is targeting the procurement and finance functions in the enterprise with its newest offering. The company announced...
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4.2KB2B PaymentsSAP Ariba Tapped To Digitize LATAM Cosmetics Supply Chain
SAP has been chosen by cosmetics company Grupo Boticário to digitize its cosmetics supply chain, reports said on Wednesday (Sept. 19). Based...
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4.0KB2B PaymentsUiPath Lands $3B Valuation For Robotics Process Automation Tech
A robotics process automation (RPA) startup has just secured a $3 billion valuation as B2B FinTech continues to explore how the technology will...
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2.7KB2B PaymentsGovernment Procurement Preps For No-Deal Brexit
The U.K. is making preparations in case a Brexit deal doesn’t go through by the March 2019 deadline. In July, Brussels rejected the U.K.’s proposals...
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5.5KB2B PaymentsAmazon B2B Seeks Dominance — But Grainger Isn’t Rolling Over
Amazon’s B2B business is growing up fast, as trade conflicts build and inject risks and threats into the larger industry landscape. Meanwhile,...
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5.1KB2B PaymentsSpend Analytics No Longer Enough For Procurement: Accrualify
Spend analytics has broken through as an essential part of corporate procurement strategies. Businesses need to know how much money they’ve spent,...
