Procurement news and trends

SourceDay and Medius Team on Procure-to-Pay Enhancements
Accounts Payable // 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,...

Iris Partners With Amazon Business on Procurement for UK Schools
Partnerships // April 26, 2024

Iris Software Group has launched an integration with Amazon Business that will help schools in the United Kingdom streamline and automate their purchasing process.  This integration will enable 5,254 Iris customers to purchase supplies directly from Amazon Business through Iris Financials, Iris’ cloud-based school finance software, the...

Payflows Raises $26 Million for All-In-One Finance Platform
Investments // April 22, 2024

French FinTech Payflows has raised $26 million for its all-in-one platform for finance teams. The company announced the funding on LinkedIn as it emerged from stealth Monday (April 22), saying that its platform would “set finance teams free from boring manual work.” In less than 18 months, Payflows said,...

Why the World’s Biggest Buyer Relies on Online B2B Marketplaces
B2B Payments // April 19, 2024

Digitization is increasingly revolutionizing the B2B landscape with streamlined procurement processes, and even better payments workflows. Don’t believe it? Look no further than the U.S. government, the world’s single largest buyer, which is expanding its $6 billion eCommerce initiative to include more online marketplaces — opening up...

Interviews & Exclusives
Why the World’s Biggest Buyer Relies on Online B2B Marketplaces

April 19, 2024
Digitization is increasingly revolutionizing the B2B landscape with streamlined procurement processes, and even better payments workflows. Don’t believe it? Look no further than the U.S. government, the world’s single largest buyer, which is expanding its $6 billion eCommerce initiative to include more online marketplaces — opening up a potentially lucrative revenue stream for America’s over 33 million […]

Zip Co-Founder: Generative AI Turns Procurement Complexities Into Workflow Clarities 

October 11, 2023
Technology simplifies, at least that is its promise. That’s because, when effectively implemented, digital solutions can break down legacy silos and remove countless man hours from laborious and redundant processes....

Walmart Business Has a Plan to Boost SMB Cash Flow

September 11, 2023
Inflation remains top of mind for small business owners grappling with margin pressure. Ashley Hubka, senior vice president and general manager of Walmart Business, told PYMNTS in a recent interview...

Over Half of Retailers and Manufacturers Investing to Modernize Procurement Processes

July 31, 2023
Here on the other side of the pandemic, industry verticals that are modernizing through digital payments transformation are seeing the payoffs across functions including accounts payable (AP), accounts receivable (AR),...

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 […]

Iris Partners With Amazon Business on Procurement for UK Schools

April 26, 2024
Iris Software Group has launched an integration with Amazon Business that will help schools in the United Kingdom streamline and automate their purchasing process.  This integration will enable 5,254 Iris customers to...

Payflows Raises $26 Million for All-In-One Finance Platform

April 22, 2024
French FinTech Payflows has raised $26 million for its all-in-one platform for finance teams. The company announced the funding on LinkedIn as it emerged from stealth Monday (April 22), saying that its platform would...

Spendesk Adds Procurement to Spend Management Platform With Okko Acquisition

April 09, 2024
Spendesk has acquired Okko to integrate procurement and spend management for mid-sized businesses into its existing spend management platform. With this acquisition, Spendesk advances its strategy of integrating procurement services that meet...