PYMNTS-MonitorEdge-May-2024

Digitization

Digitization, less commonly digitalization, is the process of converting information into a digital format, in which the information is organized into bits.

Source: en.wikipedia.org

Home Depot’s Digitization Investments Lay Foundation for Brisk B2B Growth
Home Depot’s Digitization Investments Lay Foundation for Brisk B2B Growth
August 16, 2022  |  B2B Payments

Home Depot Pro’s investments to digitize its business customer relationships are paying off. “For the Pro customer, we continue to invest in the ecosystem of...

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Even Digital Businesses Struggle With Paper-Based Vendor Payments
Even Digital Businesses Struggle With Paper-Based Vendor Payments
August 16, 2022  |  B2B Payments

Companies with a long history have many advantages, but being digitally native isn’t among them. CFOs assuming their responsibilities at such companies often face the...

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The Frenzy to Digitize Must Not Eclipse Business Fundamentals, Says PayU CFO
The Frenzy to Digitize Must Not Eclipse Business Fundamentals, Says PayU CFO
August 16, 2022  |  Back-office

While digitization and automation dominate the payments ecosystem, the underlying fundamentals remain the same and must be in place if automation is to realize its...

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A ‘3-Way Ballet’ May Just Be Paperwork Antidote B2Bs Have Been Waiting For
A ‘3-Way Ballet’ May Just Be Paperwork Antidote B2Bs Have Been Waiting For
August 15, 2022  |  B2B Payments

Companies are more aware than ever of the need to remove frictions from their receivables and payables processes, but for businesses that have relied for...

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Today in B2B Payments: Klavi Raises $15M to Develop New B2B Finance Products; Klasha Aims to Scale Its Products for Cross-Border African Commerce
Today in B2B Payments: Klavi Raises $15M to Develop New B2B Finance Products; Klasha Aims...
August 12, 2022  |  B2B Payments

Today in B2B payments, Klavi has raised $15 million in a Series A investment to grow its open finance solution and develop new B2B finance...

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FinTechs Stare Down Fleet Management’s Frictions
FinTechs Stare Down Fleet Management’s Frictions
August 08, 2022  |  B2B Payments

For a business that preaches the need for speed, the trucking business seems to run into processes with the potential to keep trucks idling at...

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NEW REPORT: Ukraine Banker Says Fast Digital Payments Critical in Times of Crisis
NEW REPORT: Ukraine Banker Says Fast Digital Payments Critical in Times of Crisis
August 05, 2022  |  Commerce

As the world faces multiple instances of business disruption and marketplace uncertainty, small- to medium-sized businesses (SMBs) may be at even greater risk of financial...

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NEW STUDY: Inflation Causes Widespread Digital Pullback by Financially Strapped Consumers
NEW STUDY: Inflation Causes Widespread Digital Pullback by Financially Strapped Consumers
August 04, 2022  |  Connected Economy

Inflation has U.S. consumers cutting back on costs as consumer prices reach historic highs — but could it also change how they use the internet?...

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Early Adoption of Digitalization Brings Benefits to Finance, Healthcare Sectors Today
Early Adoption of Digitalization Brings Benefits to Finance, Healthcare Sectors Today
August 01, 2022  |  B2B Payments

Although many already had a robust system in place beforehand, nearly half of the companies in the finance, insurance and healthcare have accelerated the digitization...

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