With more than 8 in 10 companies still seeing delayed payments rise in 2023, concerns about the global economy remain high. Small business owners’ top reported financial challenges over the last 12 months were limited or inconsistent cash flow, at 40%, and no cash reserves...
PYMNTS interviews Murray Sharp, vice president of partnerships, channel sales & business development at Billtrust, about why the current economic environment requires not merely an AR upgrade but also a major shift in operational strategy. — The current economic and business environment is pushing companies’...
As organizations across industries struggle with delayed payments and disruptions to cash flow, accounts receivable (AR) teams are now seen as navigators amid an economic storm. More than 8 in 10 businesses believe their AR teams have become more crucial in recent months — yet...
Chief financial officers (CFOs) are looking at automation to improve their accounts receivable (AR) processes. Sixty-seven percent of CFOs say their firms “probably” need more automation and 27% say they “definitely” need more, according to “Automation Clears the Path to Getting Paid on Time,” a...
Banking giant HSBC debuted a trade finance offer to help clients pay suppliers. The tool, dubbed TradePay, is an industry-first, document-free trade finance solution that lets clients instantly draw down trade loans, according to a Tuesday (Sept. 19) news release provided to PYMNTS. In doing...
Bank of America has unveiled a platform to help business clients digitize trade finance. The company’s CashPro Supply Chain Solutions tool is designed to offer supply chain participants “improved process efficiency and working capital optimization,” Bank of American said in a Monday (Sept. 18) press release. The...
Procurement and billing solutions firm Corentric has launched its Managed Accounts Receivable (AR) solution in France to help eliminate issues that challenge AR departments. According to Xavier Pierre-Bez, vice president of business and operations, EMEA South, at Corcentric, the Managed AR solution will empower companies to focus on...
What do business leaders wake up every morning thinking about? Their business, usually. But what makes that business run? Outside of capable leadership, a solid and sustainable long-term strategy, all driven forward by a dependable employee foundation, it is often the money being paid for...
Consumer behavioral trends tend to drive commercial innovations. But frequently, firms forget that decision makers and B2B buyers themselves are “consumers” outside of their day jobs. That’s why reimagining the B2B accounts receivable (AR) process through the lens of consumer-driven learnings can help set B2B...
