Expense management technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because they are too small for large, enterprise-grade solutions, but too large for consumer-specialized tools. There is another market segment, however, that similarly struggles...
Procure-to-pay company Zycus is stepping into the middle market. The company announced Thursday it is launching a source-to-pay program for mid-market companies and small, high-growth firms looking to improve their procurement functions. The program is called Zycus Genesys. The launch of Zycus Genesys signals the...
With focus in the U.K. on small businesses as they struggle to survive late payments and restricted access to capital, the mid-market is facing its own challenges for growth. One of those hurdles, according to researchers at eProcurement software firm Wax Digital, is a lack...
The proliferation of trade finance solutions means new ways for members of a global supply chain to access capital. Considering today’s cash flow challenges like credit crunches and late payments, that’s certainly a good thing. But between factoring and reverse factoring, and everything in between,...
January 27, 2020
Despite increased attendance and a spike in the fitness industry, some middle-market fitness gyms are struggling with debt, according to a report by Bloomberg. Gyms like Town Sports and 24 Hour Fitness are among the troubled brands, and being a mid-tier provider means that a gym doesn’t “have the same price advantage of a low-cost […]
December 16, 2016
Though many financial institutions recognize the opportunity to help middle-market businesses automate their AP payments, they have not been able to fully capitalize on the opportunity. Here the elusive payments...
