Human capital management software solutions provider Paychex has introduced a working capital offering. Paychex Funding Solutions, announced Tuesday (Nov. 12), is designed to provide small- to medium-sized businesses (SMBs) with fast access to capital as needed. “Lack of capital is the top reason that small...
You pays your money, you makes your choice. That old idiom does not apply to many small- to medium-sized businesses (SMBs), however. The PYMNTS Intelligence report “How Instant Ad Hoc Payments Benefit Digital-First SMBs,” in collaboration with Ingo Payments, found that strides are being made...
Small- to medium-sized businesses (SMBs) that focus on online sales outperform those that rely on physical stores, according to the PYMNTS Intelligence report “SMB Growth Report: Online vs. In-Store SMBs.” The report revealed how online SMBs record higher revenue, better growth prospects and more access...
Chase for Business expanded the availability of a business intelligence platform to all Chase business checking accounts at no additional cost. The Customer Insights platform was previously available only to Chase Payment Solutions clients, the bank said in a Wednesday (Oct. 30) press release. “Our...
There’s a data gap that exists for small businesses — a lack of information about them that makes banks shy away from extending credit or spurs FinTechs to “offload” them from their platforms mere months after they’ve been onboarded. For the businesses and banks that...
Spendesk launched a procure-to-pay solution designed alongside the company’s existing spend management platform. The resulting fully integrated procurement and spend management tool is designed for European small– to medium-sized businesses (SMBs) of up to 1,000 employees, the company said in a Tuesday (Oct. 22) press...
HoneyBook launched an expanded suite of financial tools that can be integrated into its client relationship management (CRM) platform for independent businesses. The new HoneyBook Finance includes the HoneyBook business checking account, the HoneyBook Visa business debit card, payments, and cash flow management and savings...
For businesses, cash is king. But a new threat, that of operational uncertainty and back-office opacity, is prowling around the kingdom’s perimeter. “Small businesses, fundamentally, just want control of their business,” Eliot Buchanan, president of Priority Tech Ventures, told PYMNTS. “Having control over your business...
If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source of truth, a worldwide registry and roster of small business information, some of it self-supplied, that offers a real-time and...
