Amid a merger worth $2.6 billion, Saks reportedly owes vendors hundreds of thousands. The luxury retailer, which last month announced it was merging with Neiman Marcus, has missed payments to dozens of the brands it works with, fashion industry news source Glossy reported Monday (Aug. 5). “What I don’t understand is how...
B2B payments platform Melio added real-time payments to its suite of offerings. The new service lets payors deliver funds instantly to vendors, according to a Wednesday (Dec. 13) press release emailed to PYMNTS. It also lets businesses hold onto funds for as long as possible,...
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...
Property management always has a flurry of activity in the background. Landlords employ and contract with a variety of vendors and suppliers to keep things running smoothly, the grounds maintained, the sinks and toilets unclogged. Tenant turnover — where one renter leaves and another moves...
September 05, 2023
Property management always has a flurry of activity in the background. Landlords employ and contract with a variety of vendors and suppliers to keep things running smoothly, the grounds maintained, the sinks and toilets unclogged. Tenant turnover — where one renter leaves and another moves in — demands that rooms be repainted, scuff marks erased […]
December 27, 2022
A sweeping accounts payable revolution is set to take place over the next three years. That’s according to research in this month’s PYMNTS report, “AP Automation: Transportation Companies Innovate to...
May 13, 2022
Business packed a decade of learning into two years, and for chief financial officers and treasurers, that knowledge can be distilled thusly: Automated payments are better, whether it’s business-to-consumer (B2C)...
April 13, 2022
Through the past several decades, conceptually, B2B payments have been rather simple: Buyers received paper invoices, and suppliers got paper checks. Buyers want to hold on to cash as long...
December 10, 2024
BILL is adding a 1099 form filing solution to its financial operations platform for small- to medium-sized businesses (SMBs). The new 1099 Filing lets SMBs and their accountants prepare and file their 1099 forms using the same platform they use to pay and manage their vendors throughout the year, BILL said in a Tuesday (Dec. […]
August 05, 2024
Amid a merger worth $2.6 billion, Saks reportedly owes vendors hundreds of thousands. The luxury retailer, which last month announced it was merging with Neiman Marcus, has missed payments to dozens of the brands it works with,...
December 13, 2023
B2B payments platform Melio added real-time payments to its suite of offerings. The new service lets payors deliver funds instantly to vendors, according to a Wednesday (Dec. 13) press release...
September 19, 2023
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...
