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...
The accounts receivable (AR) function of a business relies on timely payment for goods and services provided, which can help optimize the cash conversion cycle and help businesses grow. Frictions in the process, however, present companies with hurdles which can directly impact cash flow and...
Accounts receivable (AR) automation is transforming corporate finance operations by providing enhanced efficiency, speed and accuracy in payments handling. However, the adoption of AR automation is still in its infancy despite the clear advantages. PYMNTS’ latest study identifies a compelling link between AR automation and...
Unanet has introduced an accounts receivable tool for clients in the architecture and engineering sectors. The Virginia-based company announced the debut of its new accounts receivable (AR) automation functionalities Tuesday (June 20), saying it will help customers streamline what are traditionally manual AR processes. Unanet, which provides enterprise...
Being able to receive B2B payments quickly and easily is vital to businesses’ financial health, but many small businesses face friction with receiving them. The most common problems that small- to medium-sized businesses (SMBs) face when receiving B2B payments include a lack of foresight into...
Stripe has added new capabilities to its revenue and finance automation suite. The firm has made major upgrades to Stripe Billing and Stripe Tax, and has launched Stripe Revenue Reporting in beta, Stripe said in a Tuesday (April 25) press release. “Stripe’s revenue and finance...
