Today in B2B payments, ReverseLogix and Overhaul help B2B firms with returns management, Hokodo launches a plug-in that adds a B2B buy now, pay later (BNPL) option to webstores on Shopify, and Regions Bank enables its corporate customers to send real-time payments. Plus, Thirty Madison Chief Financial Officer (CFO) Quan Zhang says today’s startups must balance their ambition for growth with their overall profitability and cash runway.
ReverseLogix, Overhaul Partner on Returns Management for B2B Firms
Returns management system provider ReverseLogix and B2B supply chain platform Overhaul have partnered to provide B2B organizations with their complementary technologies. ReverseLogix CEO Gaurav Saran said: “Our partnership unlocks new opportunities for speed and cost-savings, making it easier to address the big challenges or fine-tune steps of returns management.”
B2B BNPL Provider Hokodo Launches Shopify Integration
B2B BNPL provider Hokodo has launched a new plug-in for use by B2B merchants that have webstores on the eCommerce platform Shopify. Now available to Shopify merchants in the United Kingdom, France, Spain, Belgium and the Netherlands, the plug-in enables these merchants to offer instant credit terms to eligible business buyers while still getting paid upfront and being protected from risk.
Regions Bank Debuts Real-Time Payments for Corporate Clients
Alabama-based Regions Bank has debuted a digital tool that lets its corporate banking customers send real-time payments through The Clearing House’s RTP network. Bryan Ford, head of Treasury Management for Regions Bank, said: “The ability to send and settle digital payments within seconds will help our clients focus more of their time on efficiently managing successful companies while we provide an even deeper level of financial solutions.”
Startup CFO Says Tight Funding Market Creates More Sustainable Business
The overall equity market has shifted over the last 12 months from looking at revenue multiples to looking at cash flow, break-even and path to profitability, and that makes it even more important for startups to balance their ambition for growth with their overall profitability and cash runway. Quan Zhang, the new CFO at specialty healthcare startup Thirty Madison, told PYMNTS in an interview: “That, for me, makes it much more interesting as a CFO coming in, in this dynamic.”
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