Procure To Pay news and trends

Barclaycard Integrates With SAP Upscale Commerce
B2B Payments // October 19, 2021

Barclaycard Payments has expanded its relationship with SAP through an integration of the Barclaycard Smartpay gateway into SAP’s Upscale Commerce Platform. The company announced the expansion on Tuesday (Oct. 19), saying that it would also enhance the procure-to-pay services offered by SAP Ariba. “From today,...

Hospitals Redefine Their Procure-to-Pay Goals
B2B Payments // August 16, 2021

No industry was hit harder by supply chain disruptions from the COVID-19 pandemic than the healthcare space. The consequences of volatility were dire, often life-threatening, and have forced healthcare providers to reconsider their procure-to-pay strategies. Yet healthcare equipment and supplies procurement is not a burden...

How Bank Collaboration Sets The Stage For Construction Procure-to-Pay Efficiency
B2B Payments // August 13, 2021

The construction sector is among the oldest of trades, so it’s not shocking that around the world, construction workflows continue to rely on outdated processes. Though understandable, more businesses in this arena are finding it unacceptable — especially as B2B payment delays create cash flow...

Helping Firms Make The Leap Into Digital Shipping Container Procurement
B2B Payments // July 27, 2021

When considering the digital B2B commerce revolution, shipping containers probably don’t come to mind as an exemplary driver of innovation. But in a recent conversation with PYMNTS, Aad Storm, CEO of Eveon Containers, pointed to the industry data to put the concept of container procurement...

Interviews & Exclusives
Market Volatility Gives B2C Sellers’ The Chance To Go B2B

April 01, 2020
Streamlining and fostering strategic supplier relationships is key to optimizing procurement and lowering costs. As more organizations embrace eProcurement technology, firms are looking to shrink their vendor bases to promote efficiency. But inevitably, every business will find itself in a position when it must make an emergency purchase – and when the usual suppliers aren’t […]

Turning Every Supply Chain Into A Custom B2B Marketplace

October 14, 2019
The emergence of online shopping and eCommerce inevitably seeped into the B2B world, leading to rising demand for corporates to make purchases online the same way they do as consumers....

How Inefficient B2B Payments Systems Hobble Business Growth

January 21, 2019
Business confidence remains strong in the U.S., riding on the optimism of a strengthening economy that brings new opportunity for revenue growth. This is particularly true for small and medium-sized...

Mastercard Track Fast-Tracks Supplier Vetting, Onboarding

September 13, 2018
It takes an average of 16 friction-filled, often paper-intensive days for a buyer to onboard a supplier. Mastercard and Microsoft have teamed to launch Mastercard Track, a digital platform to...

Quick Reads
SourceDay and Medius Team on Procure-to-Pay Enhancements

April 30, 2024
Supply chain collaboration platform SourceDay and accounts payable platform Medius are collaborating to enhance procure-to-pay operations for businesses. Through the partnership, firms can get access to autonomous, touchless invoice processing, the companies said in a Tuesday (April 30) news release.  Additionally, firms are offered fraud protection via anomaly detection capabilities, creating a more secure and trustworthy financial environment. Firms can […]

Public Procurement Portal BuySpeed Fixes Cybersecurity Flaw

April 09, 2020
Procure-to-pay tool BuySpeed, which is used by government entities, was vulnerable to a zero-day, cross-site scripting flaw that has reportedly been resolved, SC Media reported. The CERT Coordination Center at...

Mastercard Partners With Stargo For Freight Payments Solution

June 04, 2018
To deliver routing, pricing and payment automation for freight forwarders, Mastercard is partnering with Stargo. With Mastercard’s commercial payment solutions and Stargo’s price optimization engine, freight companies can benefit from a...

CPOs Are Facing An Uphill Battle

January 07, 2016
Why, in 2016, are accounts payable and procurement teams still seeing paper invoices? That’s the question asked by procure-to-pay firm Zycus in a blog post published this week, also noting...