Logicsource news and trends

Rising Inflation Drives New Demand for Procurement Solutions
B2B Payments // January 20, 2022

As inflation continues to rise, companies are seeing cost increases in delivery services, software contracts and other goods and services across the board — and procurement teams find themselves under pressure to source new suppliers or negotiate new terms with the ones they have already....

LogicSource Updates Its OneMarket Procurement Platform
B2B Payments // January 11, 2022

Procurement services and technology company LogicSource says it has rolled out a number of enhancements to its OneMarket technology platform. The Connecticut company announced the changes in a news release Tuesday (Jan. 11), saying they offer a “fully integrated toolset to automate and accelerate the...

Today In B2B: Procurement Pursues Value For The Enterprise; Virgin Money Pairs For Business Lending
B2B Payments // April 30, 2021

Today in B2B payments, LogicSource explores the strategic role of procurement, and Virgin Money teams up on business lending. Plus, Lano discusses cross-border payroll, Fiserv launches earned wage access tool for employers and Pacific Western Bank creates a virtual commercial card. Deriving Value From Procure-To-Pay...

Deriving Value From Procure-To-Pay Beyond Early Payment Discounts
B2B Payments // April 30, 2021

As a department designed around the need to spend company cash, procurement is not always considered a value-added function of the enterprise. For organizations that are interested in improving procure-to-pay workflows, efforts to digitize and implement new technologies are often motivated by a focus on...

Quick Reads
LogicSource Closes $180M Growth Investment

April 07, 2022
LogicSource, a provider of technology solutions and procurement services, has raised $180 million, the Connecticut-based company announced Thursday (April 7). The funding will allow LogicSource to enhance its tech and data offerings, introduce new verticals and invest in client-focused growth initiatives to drive profits for the world’s most recognizable brands, the firm said. This investment […]