B2B Payments

The highly complex payments processes and networks that power $120 trillion in payments flows that move between businesses globally each year. The B2B Payments ecosystem is undergoing a massive digital transformation as corporates move away from paper-based processes and payments methods to digital workflows that more efficiently move money and data between trading partners. These efficiencies give corporates more visibility into their cash position across their supply chain and innovations in accounts payments and receivables are helping buyers and suppliers to align on payments terms and trade credit.

Digital Payments Help Construction Firms Overcome Manual Misery
Digital Payments Help Construction Firms Overcome Manual Misery
May 09, 2024  |  Digital Payments

The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and...

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Corpay Streamlined Its Name, Sets Eyes on Streamlining Corporate Payments 
Corpay Streamlined Its Name, Sets Eyes on Streamlining Corporate Payments 
May 08, 2024  |  Earnings

Keeping it simple can often pay off in spades down the line.  That’s the tack that the company formerly known as FLEETCOR Technologies hewed to this March...

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How Alternative Solutions Are Challenging Traditional Credit Models for SMBs
How Alternative Solutions Are Challenging Traditional Credit Models for SMBs
May 08, 2024  |  SMBs

A record-breaking number of new business applications were filed in the United States last year; 5.5 million, to be exact. While that’s a great sign for American entrepreneurship, the surge in...

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Trimble Acquires Flashtract to Expand Connected Construction Technology Ecosystem
Trimble Acquires Flashtract to Expand Connected Construction Technology Ecosystem
May 08, 2024  |  B2B Payments

Trimble has acquired Flashtract to add construction payment, compliance and lien waiver capabilities to its connected construction technology ecosystem. Flashtract’s technology streamlines the flow of payment and compliance information between...

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ServiceNow and Microsoft to Integrate GenAI-Powered Assistants
ServiceNow and Microsoft to Integrate GenAI-Powered Assistants
May 08, 2024  |  artificial intelligence

Enterprise AI platform ServiceNow and Microsoft have announced an expanded strategic alliance to combine their generative artificial intelligence (GenAI) capabilities and enhance employee choice and flexibility. The...

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TranscendAP Launches as New AP Automation Company
TranscendAP Launches as New AP Automation Company
May 08, 2024  |  Accounts Payable

TranscendAP, which has been a business unit of Optima Global Solutions since 2018, is now operating as a newly formed company. The firm was launched by Optima...

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CTS Systems Adds Corcentric’s Managed AR to Travel Booking Platform
CTS Systems Adds Corcentric’s Managed AR to Travel Booking Platform
May 08, 2024  |  Accounts Receivable

CTS Systems has integrated Corcentric’s Managed Accounts Receivable (AR) services into its travel booking platform.  With this integration, the CTS Systems platform will offer corporate travel agents and...

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Basware Acquires AP Matching to Enhance Automation Offering
Basware Acquires AP Matching to Enhance Automation Offering
May 08, 2024  |  Accounts Payable

Basware expanded its market offering by acquiring AP Matching. The acquisition will add AP Matching’s cloud-based solutions for managing invoices and reconciling statements to Basware’s accounts payable (AP) automation...

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Expensify to Add Travel Features to Financial Management Platform
Expensify to Add Travel Features to Financial Management Platform
May 08, 2024  |  B2B Payments

Expensify will add travel booking and management capabilities to its financial management platform for expenses and corporate cards. The new Expensify Travel will begin rolling...

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