Today in B2B payments, B2B software maker Zilliant launches its Quick Start program for faster deployment, while ACH transfers are the most prominent form of online B2B payments. Plus, Vertice raises $36 million, and B2B payments are at more than double the pace of B2C advances.
B2B Software Maker Zilliant Unveils Quick Start Program
Pricing software maker Zilliant has launched its Zilliant Quick Start Program, designed to allow faster deployment times for its software, which powers intelligent commerce for B2B companies. The program debuted with the Zilliant Quick Start for Global and Country Price Lists package. Zilliant’s new program offers packaged solutions that address specific challenges to pricing and sales, each of which can be operational in three to eight weeks, working in tandem with each other on the same platform.
ACH Leads the Pack as B2B Payments Shift Online
Sixty-four percent of chief financial officers (CFOs) said automatic clearing house (ACH) transfers are used more frequently, according to the “B2B Digital Payments Tracker,” a PYMNTS and American Express collaboration. Other types of payment that more than half of CFOs said are being used more frequently include PayPal (64%), credit card (64%), wire (57%), ePayables with virtual cards (55%) and real-time payments (52%).
B2B Purchasing Solution Vertice Raises $26M for Staffing, Development
Software-as-a-Service (SaaS) purchasing solution Vertice has raised $26 million in a Series A funding round. The new capital will help the United Kingdom-based firm expand its engineering and commercial teams, develop its platform and accelerate growth revenue. Vertice helps businesses in finance, IT and procurement reduce their annual software spending and streamline purchasing.
Booming Business Payments Now Outpace B2C Advances by 2-to-1 Margin
BigCommerce CEO and Chairman Brent Bellm told PYMNTS CEO Karen Webster that the pandemic has stirred up innovations, particularly in payments and eCommerce. In the past five years, there have been two “explosions” in payments. The first seismic shift came with the expiration of Amazon’s One-Click patent. The other monumental change rests with the explosive growth of buy now, pay later (BNPL), or nonbank players providing installment credit options for consumers.
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