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Simfoni Joins Vroozi’s Cloud-Based Procure-To-Pay Platform

PYMNTS

Vroozi is moving to boost its cloud-based purchasing platform in a new partnership with Simfoni , an artificial intelligence (AI)-powered spend analytics provider, according to a press release. 19) release that it will add Simfoni’s spend analysis capabilities to its procure-to-pay solution.

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Today In B2B: Wells Debuts Virtual Commercial Cards, PayPal Ventures Makes B2B Payments Investment

PYMNTS

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. Simfoni Joins Vroozi’s Cloud-Based Procure-To-Pay Platform. Wells Fargo Debuts Digital Supplier Payment Tool.

B2B 78
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Virtualized B2B Payments: Poised To Kill The Paper Check — And The Plastic Card

PYMNTS

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Illustrating the process, Blair pointed to the hypothetical corporate buyer who uses their procure-to-pay platform to source and buy laptops from an office supply firm.

B2B 93
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B2B Payments Startup Accrualify Banks First VC

PYMNTS

B2B payments company Accrualify, based in California, announced its first venture capital funding round. The firm said it plans to use the money to strengthen its existing accrual and spend management platform. The firm said it plans to use the money to strengthen its existing accrual and spend management platform.

B2B 40
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Funding Societies Adds Financing To SGeBIZ Procurement Platform

PYMNTS

Singaporean peer-to-peer (P2P) platform Funding Societies will partner with Singapore eBusiness (SGeBIZ) for a new way to provide financing solutions to customers, reports said. SGeBIZ offers an array of loan products for small business (SMB) users, including B2B procure-to-pay platform EzyProcure, the first of its kind in the country.

Finance 56
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Procure-To-Pay Facing More Market Consolidation

PYMNTS

Juvo Technologies wants to extend its presence within the procure-to-pay space and announced an acquisition to help it do so. Reports late last week said the technology firm has acquired Vendorin , a B2B payment technology and enterprise solutions company, to help Juvo build out a procure-to-pay platform.

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Tradeshift Taps Genpact To Broaden AP Automation Offerings

PYMNTS

Supply chain payments solution provider Tradeshift is collaborating with professional services firm Genpact to broaden its procure-to-pay offering in an effort to support digitization and automation for joint customers. The companies announced their partnership Tuesday (Oct.