Supplier Sourcing news and trends

Medius Augments AP Offering With Wax Digital Takeover
B2B Payments // November 20, 2019

Accounts payable automation company Medius is expanding into the eProcurement arena with the takeover of Wax Digital. The companies announced their deal in a press release Wednesday (Nov. 20), noting the acquisition of Wax Digital will expand the capabilities of Medius into supplier sourcing, contracting...

Basware Enhances Vendor Sourcing In B2B Marketplace
B2B Payments // November 19, 2019

Electronic invoicing and source-to-pay company Basware has introduced new features into its Marketplace eProcurement offering, the company said on Tuesday (Nov. 19). Basware is adding framework agreement capabilities to its platform, which enables businesses sourcing products to “initiate a mini-competition” between qualified vendors to secure...

Tradeshift Integrates Wax Digital’s Vendor Sourcing Automation
B2B Payments // November 14, 2019

Supply chain payments company Tradeshift has announced a partnership with Wax Digital, a FinTech offering businesses spend management tools. A press release issued Thursday (Nov. 14) said Tradeshift and Wax Digital will collaborate to offer web3, an eProcurement solution using Wax Digital technology that provides...