B2B Payments Today: Dole Upgrades Supply Chain Solutions; Banking As A Service Finds Home In B2B Space

Today in B2B payments, BaaS foreshows B2B payments’ future and Sensibill and Free Agent pair up on receipts. Plus, Dole tries to solve supply chain quagmire, Snyder raises $2 million in seed round and Plate IQ and Foodbuy get together.

Accounting Platform Snyder Wraps $2M Seed Round

Accounting platform Snyder has raised $2 million in a seed round aimed at attracting new clients and improving the company’s visibility.

Snyder is a software subscription-based accounting platform for eCommerce services that includes a free trial, then allows users to buy additional services.

Originally founded as CloudBusiness in 2016, when it was focused on accounting automation and finance management for small and medium-sized businesses (SMBs), the company has since pivoted to helping commerce companies shift to omnichannel sales.

Deep Dive: How Banking As A Service For Consumers Could Foreshadow B2B Payments’ Future

Consumers are not the only ones who stand to benefit from Banking as a Service. Following the shift to consumer eCommerce and increasing demand for digital payments is an equivalent transformation in B2B financial services. Businesses of all sizes stand to benefit directly from leveraging APIs to tailor offerings to their business clients and consumers.

BaaS-empowered transactions also offer data that can be analyzed to provide companies with greater financial transparency and control as well as improved user experiences.

Dole Food & Beverages Group Adopts New Supply Chain Solutions To Avert Rising Challenges

Dole Food & Beverages Group has renewed its partnership with Blue Yonder, the Arizona-based digital supply chain and omnichannel commerce fulfillment specialist.

The new tech investment comes after 18 months of global supply-chain disruptions and stress spawned by the COVID-19 pandemic, prompting Dole and other consumer packaged goods companies like to re-evaluate their systems.

Sensibill, FreeAgent Partner On Receipt Automation

Customer data platform Sensibill has partnered with cloud accounting software provider FreeAgent to help businesses manage their business expenses like receipts, according to a press release.

The companies are looking to help small businesses automate and organize their finances, accounting and taxes, the release stated.

Through the use of Sensibill’s technology within the FreeAgent solution, the Auto Extract technology can be used to capture, organize and categorize receipts and attach them to corresponding bank transactions, according to the release.

Plate IQ Teams With Foodbuy Foodservice On Rebates

Food service procurement and supply chain company Foodbuy Foodservice has announced a partnership with hospitality-focused accounts payable (AP) automation and expense management company Plate IQ, according to a Thursday (Aug. 26) press release.

Plate IQ customers will now get manufacturer rebates on restaurant supplies because of the Foodbuy Foodservice Manufacturer Rebate Program, according to the release.