Today in B2B payments, B2B automation services provider DocuPhase adds workflow automation company Frevvo to help grow its work in educational fields, and global freight and booking platform Freightos has expanded its scope beyond sea and air to land transportation.
DocuPhase Acquires Frevvo to Extend its Solution-Based Automation Platform
DocuPhase, which provides B2B automation services, has bought workflow automation company Frevvo and intends to use it to help expand its work in educational fields, a press release said. Frevvo was founded in 2008 and works with numerous industries including higher education and school, to help automate student enrollment, financial aid, transcript requests and more. “Education is a market DocuPhase has targeted for growth,” said DocuPhase CEO Dan Gaertner.
Freight Business Shows Buoyancy on Land, Sea and Air
Freightos, a global freight booking and payment platform, is expanding its scope beyond the sea and beneath the air to land transportation by virtue of a recent acquisition. The news came as the closely held (but soon to be public) company announced in a press release about its second-quarter results that growth was particularly robust in airline bookings. An integrated payment solution was rolled out for freight forwarders to pay carriers after placing a booking.
FleetCor Says It Will Appeal Court’s Decision in Fuel Card Case Brought by FTC
Global business payments company FleetCor has announced that it will appeal the ruling in a case involving the company’s fuel card business in the U.S. brought by the U.S. Federal Trade Commission (FTC). “FLEETCOR takes governance and oversight matters seriously and is confident it has acted in accordance with all applicable laws,” Lead Independent Director Steven Stull said in a Wednesday (Aug. 10) press release.
Expedock Raises $13.5M to Help Freight Forwarders Improve Use of Data
Freight software provider Expedock has raised $13.5 million in Series A funding that it will use to expand its team and help supply chain businesses better understand and operationalize their data. The freight forwarding industry has long been behind others in the use of technology, but today’s supply chain bottlenecks and the move to remote work have increased the need to automate the handling of paperwork that is now done manually, Expedock said in a Wednesday (Aug. 10) press release.
Billtrust’s Strong Q2 Confirms Acceleration of B2B AR Automation
Billtrust, a B2B accounts receivable (AR) automation and integrated payments company, reported Q2 results attesting to the momentum of the accelerating trend toward automation and digitization in the B2B payments space. “Despite the reported macroeconomic and market challenges, the favorable secular trends around digitization and B2B payments are strong,” Billtrust founder and CEO Flint Lane said Tuesday (Aug. 9) during the company’s earnings call.
B2B Commerce Platform Intershop Partners With Luminos Labs
B2B commerce platform Intershop, which serves manufacturing and distributing companies, will partner with Luminos Labs, digital commerce systems integrator, to help companies offer more digital commerce options, a press release said Tuesday (Aug. 9). Business-to-business companies are looking into ways to enhance their commerce experiences in the modern digital landscape. The partnership will let B2B companies innovate and expand their digital commerce abilities.
Canadian Release of Sage Payroll Provides Solution for SMBs
To help Canadian small and medium-sized businesses (SMBs) handle their administrative responsibilities, Sage has launched a new solution that integrates with Sage Accounting and simplifies accounting, payroll and human resources (HR) processes. The Canadian release of Sage Payroll is a cloud-first solution that enables teams to manage payroll and employee data in one platform, includes employee self-serve features and is Canadian Revenue Agency (CRA) compliant, according to a Tuesday (Aug. 9) press release.
FinTechs Offer Trade Credit Bridge Between Banks, SMBs
Global B2B payment firm TreviPay’s newest payment network seeks to enable banks to help small businesses accelerate digitization. The Small Business Supplier Network (SBSN) promises the benefits of automation to small businesses, including increasing selling power, while minimizing the costs with a Software as a Service (SaaS), cloud-based solution. According to a Tuesday (Aug. 9) company press release, SBSN is the industry’s first payments network built for U.S. banks and their small business customers.
For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More