Today in B2B payments, linked2pay speeds the integration of its payments solutions with popular accounting and operating systems, while ConnectWise acquires Wise-Sync to add payments processing capabilities. Plus, Sweden’s Billogram aims to expand its invoicing platform across Europe.
Linked2pay Deploys Workato to Integrate Payments, Accounting Software
Payment software technology provider linked2pay will deploy workflow automation platform Workato to expedite the integration of its payment solutions with several popular accounting and operating systems. “We completed the heavy lifting in our initial project with Workato so that our clients can set up their real-time data exchange with supported accounting and operating systems in just a few clicks,” said linked2pay Chief Operating Officer Kyle Taylor.
ConnectWise Acquires Wise-Sync to Add Payments Processing Capabilities
Noting that labor accounts for 90% of manual invoice processing costs, ConnectWise has acquired Wise-Sync to enable users of ConnectWise products to automate the collection of payments. The acquisition brings together Wise-Sync’s integrated payment automation platform and ConnectWise’s IT solution provider software and service platform, making fully automated payment collection available for both ConnectWise Manage and ConnectWise Sell.
Billogram Raises $13.9M to Expand Invoicing Platform in Europe
Swedish invoicing platform Billogram has raised 150 million Swedish kronas ($13.9 million) in an investment round to accelerate its growth in the DACH region — Germany, Austria and Switzerland — as well as the rest of Europe. Founded in 2011, Billogram offers an invoicing platform for businesses with recurring payments. Its customers include firms in the telecom, energy, mobility, finance and security industries.
PYMNTS Intelligence: The Problems and Promise of B2B Cross-Border Payments
As with B2B payments in general, efforts to modernize and speed up the B2B cross-border payment experience have lagged similar efforts to improve the online payment experience for consumers, resulting in a cross-border payments process that is often complicated and filled with friction. If financial institutions can provide the right solutions, businesses will benefit in a variety of ways.
No-Code, No Card, No Problem: Virtual Commercial Cards on the Rise
Commercial cards can be a complement to a business, but companies may not have the available engineering resources to implement and embed those payment solutions. “That’s where we really see no-code solutions coming into play, allowing them to build something quickly that is fully functional, that has their branding, their logo and their feel onto it, and without the heavy burden of a complete engineering team,” Bond Senior Vice President of Strategic Partnerships Marcus Lobendahn told PYMNTS.
Healthcare-as-a-Subscription Breaks Down Payer-Provider Pain Points
Healthcare-as-a-Subscription may be the future standard for healthcare. According to the American Hospital Association, companies that drive the post-pandemic economy will be looking beyond transactional, episodic relationships with patients and may instead focus on subscription-based programs. As new entrants continue to encroach on the healthcare market, expect them to apply the subscription business model to how they organize and deliver services.
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