Today in B2B payments, Dooka offers a B2B marketplace to promote intra-African trade, while Ambry Hill and eComchain launch an eCommerce storefront solution for sellers of aircraft parts. Plus, Blackline adds a credit risk assessment feature, while HSBC and Trade Ledger develop a digital receivables finance solution.
B2B Marketplaces Digitize Corporate Procurement, Tackle Africa’s Inefficient Supply Chains
A growing number of B2B eCommerce marketplaces have stepped up to meet the unique needs of Africa’s businesses. The most recent entrant to the space, Dooka, is looking to streamline corporate procurement and promote intra-African trade by tackling supply chain inefficiencies that have inhibited growth for the continent’s businesses.
Ambry Hill, eComchain Enable B2B eCommerce for Aircraft Parts Sellers
Software company Ambry Hill Technologies and eCommerce implementation company eComchain have partnered to provide sellers of aircraft parts with a B2B eCommerce storefront solution as part of the VistaSuite business management software. Ambry Hill Founder and President Paul Stewart said: “The integration between eComchain and VistaSuite is powerful because it enables VistaSuite customers of all sizes to establish an online storefront with minimal effort.”
Blackline Adds Credit Risk Assessment to Financial Operations Platform
Financial operations management platform Blackline has added a new Customer Attractiveness Scoring feature that gives firms real-time insights into the risk profile and behavior of their customers. Blackline Managing Director and Head of Global Accounts Receivable Andy Lilley said: “Given evolving global economic conditions, companies are under increasing pressure to maximize their cash positions, meaning they are spending more time scrutinizing cash flow metrics.”
HSBC, Trade Ledger Launch Digital Receivables Finance Tool
HSBC has launched a new digital receivables finance solution called Digital RF that is built with the London-based Lending-as-a-Service FinTech Trade Ledger’s platform. HSBC Chief Growth Officer, Global Trade and Receivables Vinay Mendonca said: “Digitizing our Receivables Finance approval process makes it simpler, faster and more secure to apply for working capital.”
CFOs Adjust to Retail’s New Reality
As the omnichannel environment continues to evolve, it has brought along with it retail payments challenges. In a discussion for the Visa B2B Series: What CFOs and Treasurers Can Teach Payments about Going Digital, PYMNTS’ Karen Webster was joined by Kafene CFO Roland Jeon and Parachute CFO Jeff Barker to explore how CFOs are managing the new flows and business models that ride along with the hybrid online-physical shopping and payment experience.
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