Today in B2B Payments: Paystand Unveils Discounting App; Finance Leaders Balance Spending, Remote Employees’ Needs

Today in B2B payments, two out of five businesses say accounts payable innovation is a priority, while Prologis sees rental growth reach “unprecedented” levels. Plus, Subskribe unveils revenue recognition for SaaS companies.

Why 40% of Businesses Are Making AP Innovation a Priority

When firms expect their monthly payables to increase and want to efficiently process them, they’re likely to upgrade or plan to upgrade their payment platforms.

That’s certainly true among “mass-payout companies,” which make large numbers of small-dollar-value payments each month — some of which process more than 2,500 invoices each month.

In a survey of these types of firms, 40% of respondents said innovations to their accounts payable (AP) systems are more important than other innovation efforts, according to “High-Volume Accounts Payable,” a PYMNTS and Routable collaboration that tapped on a survey of 204 executives from four industries that deal with a high volume of payments: online marketplaces, the gig economy, virtual events management, and transportation, logistics and shipping.

Paystand Unveils AR-Centric Dynamic Discount App

Blockchain-enabled B2B payments firm Paystand has launched what it called the world’s first dynamic discounting application for seller accounts receivable (AR) teams, according to a Monday (July 18) press release.

Early payment discounts encourage buyers to pay sooner, giving more than 400,000 Paystand AR customers earlier access to cash, thereby reducing their days sales outstanding (DSO) using blockchain-powered smart contracts technology.

The solution helps suppliers control the terms of discounts, allowing them more flexible terms and time-sensitive discounts anytime between the customer invoice creation date and the due date. All Paystand monthly subscription customers can access the offering as an add-on option.

Prologis Marks ‘Unprecedented’ Rise in Rental Growth

COVID-19 helped fuel strong demand for warehousing space, the world’s largest logistics and warehousing landlord said Monday (July 18).

The company said its net earnings per diluted share was $0.82 for the quarter, up from $0.81 for the second quarter of 2021. Core funds from operations per diluted share was $1.11 for the quarter versus $1.01 for the second quarter of last year. The company’s average occupancy was at 97.6%, with 51.3 million square feet of space leased.

Earlier this year, Prologis purchased Blackstone’s European warehousing business Mileaway for 21 billion euros in one of the largest deals of the year.

Voice of the CFO: Finance Leaders Balance Spend With Remote-Employees’ Needs

Like many chief financial officers, Matt Wolf, CFO at ChartHop, spends a lot of his time connecting with other people working remotely. That tracks with the goals of ChartHop, a people analytics platform that Wolf said is designed to “help, manage and support what is their most important asset — their people.”

Wolf joined ChartHop in January, bringing more than a decade of financial leadership experience from startups and global organizations. He is tasked with supporting the company’s growth plans and ensuring its 200 employees have the resources they need to succeed.

Interviewed for the PYMNTS series “A Day in the Life of a Digital-First CFO,” Wolf said one of the first things he did when he joined the rapidly growing company was to focus on spending, putting visibility into spend and putting appropriate platforms and tools in place.

Subskribe Debuts Revenue Recognition Module for SaaS Companies

Subskribe, which provides Software-as-a-Service (SaaS) billing, has debuted a new platform called Revenue Recognition for SaaS companies.

The platform will work with the Subskribe Adaptive Quoting and Billing Platform and will let businesses integrate quoting, billing and revenue recognition in order to access better operations. It tracks the details for SaaS deals, including onboarding training, user support and professional services, thus minimizing confusion about what services have been delivered or are still owed.

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