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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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SAP Ariba Ends Trade Finance Deal With PrimeRevenue

PYMNTS

Procurement and corporate payments firm SAP Ariba has reportedly ended its supply chain finance agreement with PrimeRevenue. Reports in Supply Chain Finance Briefing on Saturday (June 1) said the agreement between SAP Ariba and PrimeRevenue, which was first announced in 2016 , has quietly ended.

Finance 40
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Today In B2B: Wells Debuts Virtual Commercial Cards, PayPal Ventures Makes B2B Payments Investment

PYMNTS

Plus, Simfoni lands on Vroozi's procure-to-pay platform, Kyrbia collaborates with an Italian bank on supply chain financing, and the EU's digital chief will discuss rules with tech giants. Simfoni Joins Vroozi’s Cloud-Based Procure-To-Pay Platform. Wells Fargo Debuts Digital Supplier Payment Tool.

B2B 78
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Mastercard And Partners Form Supply Chain Digitization Alliance

PYMNTS

Innovative partnerships like this one can support the agility and resilience of supply chains, accelerating access to finance and improving efficiency,” Michael Froman , vice chairman and president of strategic growth for Mastercard, said in the announcement. 8) announcement. The ADB approximated a $1.5 8) announcement.

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Tradeshift Taps Genpact To Broaden AP Automation Offerings

PYMNTS

Finance organizations often face challenges with [procure-to-pay] operations in viewing and analyzing data quickly across disconnected supplier systems, limiting the added value they could provide to respond more effectively to market demands,” said Katie Stein, Genpact chief strategy officer and global business leader. “The

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Yooz Debuts AP Automation Tech To UK Market

PYMNTS

” The launch comes as AP automation grows increasingly in-demand among corporate finance professionals. Yooz currently integrates into an array of accounting and enterprise resource planning (ERP) platforms.

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Transcepta Ramps Up AI In eProcurement

PYMNTS

Transcepta, a procure-to-pay platform, is ramping up its use of artificial intelligence (AI), the company said late last week. In an announcement , the company said its leveraging of AI and predictive analytics technologies can enable smarter procurement decision making.