Slow payments are a perennial problem for the construction industry. PYMNTS research found that delayed transactions (those in which firms wait more than 90 days to receive payments) represented 12% of construction costs last year. While this circumstance is a challenge for firms of any size, large...
Across the United States, ongoing fears that the economy may still be running too hot remain elevated, with most Main Street small- to medium-sized businesses (SMBs) fearing the worst. The “Main Street Health Q1 2023: Using Finance to Ease Recession Fears” report by PYMNTS sheds light...
Supply chain network Infor Nexus and DBS Bank have joined forces to launch a new pre-shipment financing solution for small- to medium-sized businesses (SMBs) in India that are in the Infor Nexus supply chain ecosystem. This solution uses historical data from the Infor Nexus platform...
Across the United States, the startup community is still reeling after Silicon Valley Bank’s collapse, the largest bank failure since the 2008 financial crisis, and Main Street businesses are no exception. In the “Main Street Health Q1 2023: Using Finance to Ease Recession Fears” report...
One of the best ways to grow is to find a new channel. And targeting small- to medium-sized businesses (SMBs) is emerging as one of the most attractive strategic growth drivers for businesses looking to add a little oomph to their approach. Peloton announced Thursday (Aug....
ShipStation has released a new feature called Product Bundles that allows merchants to fulfill, ship and track bundled items more thoroughly on the company’s platform. Doing so allows merchants to offer more deals and discounts to their customers, increasing their average order values and driving more sales, the provider of...
NCR and Autobooks have formed a partnership that adds integrated digital invoicing, payment acceptance and accounting features to NCR Digital Banking for financial institutions. The strategic alliance offers users a suite of integrated payments and cash management solutions, built specifically for small businesses, the companies...
Chris Hendrickson, senior vice president of small business strategy at Comerica, and Scott Steinberg, chief product officer and chief operating officer of Enigma, said a multidimensional underwriting process is needed to give a critical lifeline to companies seeking to navigate an uncertain macro environment — and to grow....
B2B payments platform Melio has debuted a tool to help small businesses access capital. The company’s Pay Over Time product lets small- to medium-sized businesses (SMBs) pay vendors and business bills in monthly installments, while their suppliers are still paid on time and in full, according to a Tuesday...
