Transforming the way B2B trade and payments are done around the world today is an arduous task, but there are plenty of strategies FinTechs and innovators can deploy to nudge the needle forward. For small and medium-sized businesses (SMBs) across Southeast Asia, the persistence of...
The rise of enterprise Software-as-a-Service has undoubtedly benefitted corporates large and small, transforming their back offices and lowering barriers to digital transformation. But while SaaS itself has supported a business evolution, the buyer-supplier relationship between corporates and their software vendors remains an outdated paradigm, according...
As calls grow louder for corporate buyers to maintain responsible supplier payment habits, the opportunity for the buyer-supplier relationship to make or break the success of a company grows, too. In times of volatility, corporates and their business partners must collaborate to find common ground...
While the B2B procure-to-pay arena has continued its pursuit of a consumer-like experience in product sourcing, online purchasing and payments, B2B payments have a long way to go before they mirror anything like the ease and speed of peer-to-peer (P2P) payments. Apps like Zelle and...
December 11, 2019
For years, any attention given to solving B2B payments friction was typically focused on the payer. Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. That’s because AR and accounts payable (AP) processes are intrinsically connected. Pain points experienced […]
July 22, 2019
They’re slow. They’re cumbersome and expensive. They open the door for fraud. For all their drawbacks, why do paper checks persist in accounts payable? PYMNTS recently surveyed accounts payable (AP)...
May 31, 2019
Accounts payable (AP) processes are anything but efficient, mired in paper and manual labor. Waiting for the fax machine to break is no spur of change, either. However, as Matt...
April 04, 2019
With B2B payment terms continuing to lengthen in the global market, cash flow management continues to play a critical role in the survival of traders, particularly the smallest firms. A...
November 04, 2015
Getting paid can be a challenge for small suppliers, especially those working with overseas clients. But corporate buyers face challenges due to their suppliers, too, most notably when it comes to regulatory compliance. A new service by Tradeshift, which already connects global buyers and suppliers on a single digital platform, wants to mitigate risk for […]
October 07, 2015
The U.K. is the world’s hot spot in the late payments debate, where the conflict over large corporations paying small suppliers over longer periods of time has brought into question...
September 25, 2015
Walmart has faced accusations from its suppliers in the past that the retailer unfairly squeezes its small business partners. Most recently, the conglomerate was said to be facing legal action...
September 15, 2015
The B2B ecosystem has been slowly pressing toward digitization, and procurement and B2B commerce is no exception. Innovators and service providers want to reduce the friction between corporate buyers and...
