PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. But accounts payable is far from the only back-office financial workflow at risk of fraud. While current fraud tools are helpful, there is no systemic or automated option for accomplishing this," Nacha warned.

B2B 116

B2B accounts payable AP Processes accounting and finance 116

PYMNTS

JANUARY 11, 2021

Having invoices financed is one way to combat late B2B payments, but in Europe, one watchdog is raising concerns that new standards for default may see a dramatic rise in soured debts. In this week's B2B Data Digest, PYMNTS rounds up the latest data on late payments, including the stats behind the EBA's new rules.

B2B 70

B2B accounting and finance Finance Government 70

PYMNTS

OCTOBER 12, 2020

But that problem could be a thing of the past thanks to the launch of the world’s first B2B cybersecurity marketplace that enables buyers to easily search, compare pricing and purchase the right IT solution in one place. With over 5,000 cybersecurity vendors in the U.S.

B2B 83

B2B Healthcare Government Account 83

PYMNTS

NOVEMBER 17, 2020

Today in B2B payments, American Express enhances its early B2B payment solution, and payroll provider Paylocity strikes an acquisition deal. American Express Enhances Early Pay To Ease B2B Supply Chain Payments. That aims to boost their risk management and contract governance, transformation and remedial activities.

B2B 57

B2B accounting and finance Technology payroll 57

PYMNTS

APRIL 23, 2019

The idea started in the B2C world, but it wasn’t long before online sellers were asking about its use for B2B — at least, according to Chris Tsai, co-founder and CEO of Resolve , in a new PYMNTS interview. B2B Version. B2B, in some respects, is the stubborn mule of the digital economy. trillion by 2020. Power Of Terms.

B2B 91

B2B accounting and finance B2C Finance 91

Accounting Insight

JANUARY 8, 2024

To help this collaboration, businesses should take steps such as implementing AI and automation tools to detect any suspicious activities or anomalies within the Accounts Payable (AP) process. But in 2024, we will see much stronger industry and government action to enforce a permanent shift to on-time payments.

accounts payable 105

accounts payable B2C Technology accounting and finance 105

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. In the meantime, PYMNTS gathered up a shortlist of the B2B FinTechs that were able to secure new funding as backers prepare for their next wave of support. Mailprotector. Chqbook.com.

B2B 80

B2B Spend Management New York accounting and finance 80

PYMNTS

DECEMBER 16, 2020

And in B2B payments, firms are revising and automating their transaction methods amid the pandemic. 69.8% : Share of accounting payable professionals who wanted to innovate AP to save time in 2019. 1.3B : Amount the Illinois state government spent on check disbursements in 2019. All this, Today in Data.

B2B 65

B2B Illinois accounts payable Government 65

PYMNTS

OCTOBER 9, 2020

Malware masquerading as an attachment in an official email from the government or a company executive is another favorite scam right now. Reichel said that since so much B2B interaction is now online, that’s opened the door for criminals to intercept emails and then impersonate legitimate executives and vendors. What B2B Firms Can Do.

B2B 116

B2B Technology Hospitality Healthcare 116

PYMNTS

OCTOBER 6, 2020

At least insofar as 2020 has shaped up, and especially where B2B payments have been concerned. Every company in the world is wrestling right now with their accounts payable (AP) and accounts receivable (AR) and they are pondering why they are still reliant on physical checks. Improving the B2B Customer Experience.

B2B 84

B2B Technology accounting and finance B2C 84

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. B2B Drives ACH Volume Up. and abroad.

B2B 56

B2B B2C accounts payable Healthcare 56

PYMNTS

MARCH 18, 2020

In a recent conversation with PYMNTS, Bectran Business Development and Implementation Manager Dominic Biegel reflected on the deepening relationship between an organization’s accounts receivable (AR) operations and its clients’ accounts payable processes. Goldman Joins SAP Ariba Network.

B2B 67

B2B accounts payable Real Estate accounting and finance 67

PYMNTS

NOVEMBER 3, 2020

And B2B payments , too. The $20 trillion in corporate payments done through paper checks represents a staggeringly large greenfield opportunity – and there is any number of ways to modernize B2B interactions (and corporate treasury activities in lockstep). The Big Themes – And The Challenges . That’s where the market’s going.

B2B 82

B2B accounting and finance accounts payable Government 82

PYMNTS

NOVEMBER 9, 2020

This week's B2B Data Digest looks at the latest stats in the fight against late payments, and finds several instances in which the COVID-19 crisis has exacerbated the late payments problem. According to reports, these B2B payment delays are exacerbating the challenge of businesses to recover amid the pandemic.

B2B 70

B2B Ohio accounts payable Construction 70

PYMNTS

FEBRUARY 3, 2020

The accused allegedly tapped a network of 49 shell firms for the business to business (B2B) scam that defrauded the government. More than 60 bank accounts were used for “circular transactions to make them appear genuine,” according to reports. Kushwaha reportedly used fraudulent Input Tax Credit (ITC) of Rs 124 crore. .

B2B 52

B2B New York Tax Government 52

PYMNTS

JUNE 13, 2019

That’s particularly true in the B2B eCommerce space, as the online shopping habits of consumers spill into their professional lives when making purchases for a company, and as B2B eCommerce solution providers vow to offer an “Amazon-like” experience fit for the corporate world. and India in 2017.

B2B 55

B2B Legal Retail Government 55

PYMNTS

MAY 8, 2020

When the pandemic arrived in early 2020, a preponderance of B2B payments was still being made by paper checks, along with all the messy precursors to those checks, from Excel spreadsheets to outdated accounts payable (AP) systems to – no disrespect – the U.S. Postal Service. Measure, Test, Repeat. gone the U.K. Delivering on CX.

B2B 53

B2B accounts payable Government Account 53

PYMNTS

FEBRUARY 27, 2020

In an effort to boost revenue after disappointing Q4 earnings, Office Depot is turning its attention to business-to-business (B2B) and eCommerce, according to reports. Office Depot is changing tactics in 2020, leveraging its strength in catering to businesses, schools, healthcare organizations and government agencies.

B2B 60

B2B Healthcare Retail Sales 60

PYMNTS

SEPTEMBER 10, 2019

The B2B payments discussion often centers around innovators’ efforts to kill the check. There is no straight line to killing the check, but in the path to B2B payments innovation, a plethora of possibilities emerges. B2B Payments’ Innovation Agenda. According to Phalen, that includes speed, transparency and global scale.

B2B 59

B2B accounts payable Technology Accounts Payable Automation 59

CPA Practice

NOVEMBER 10, 2023

With more than 100 years of experience, The Ohio Society of CPAs represents 85,000 CPAs and accounting professionals who are the strategic financial advisors to Ohio’s leading businesses. accountants and auditors have left their jobs, as reported by SHRM, an issue that is being actively addressed by OSCPA. “We

Ohio 115

Ohio cpas CPA Non-Profits 115

PYMNTS

AUGUST 10, 2020

Despite government initiatives to connect small businesses to capital as quickly as possible, the U.S.’s Understanding which financing products are most appropriate for B2B SMBs can be a challenge, however, particularly during high-pressure moments of slumping sales and revenue.

B2B 52

B2B Finance accounting and finance Construction 52

PYMNTS

NOVEMBER 13, 2020

The cross-border B2B payments space experienced a small drop in growth during the first half of 2020 due to the COVID-19 pandemic’s effects, but it is expected to continue expanding despite this hiccup. It also analyzes these shifts' impact on future international B2B payments. Exacerbating Old Challenges . companies losing roughly $1.77

Technology 64

Technology B2B Government Account 64

PYMNTS

APRIL 1, 2020

“The answer to this problem has to be more than the federal government offering low interest loans to business owners,” Alignable Co-Founder and CEO Eric Groves said in a statement. The B2B FinTech ecosystem seems to agree. Optimum Finance Eyes Accountants for SMB Finance. Thomas Connects Medical Buyers, Suppliers.

B2B 67

B2B accounting and finance Finance Manufacturing 67

PYMNTS

OCTOBER 17, 2018

Sberbank , Russia’s largest bank, is collaborating on a faster B2B payments solution with the financial services unit of Russian search engine Yandex. The B2B payments platform is designed to accelerate payments between legal entities. Sberbank has been working with Yandex for several years to develop a range of solutions.

B2B 57

B2B Legal Government Account 57

PYMNTS

FEBRUARY 13, 2020

11), Visa executives laid out a roadmap to displacing cash and checks across the global stage, digitizing payments through click to pay, tap to pay, digital wallets and cross-border flows – along with capturing a sizable slice of B2B spend, too. B2B Potential. At its investor day presentation Tuesday (Feb.

B2B 65

B2B payroll B2C Sports 65

CPA Practice

JANUARY 23, 2023

Accounts payable (AP) teams are stuck on a hamster wheel, always having to scramble to get payments out the door and then reconciling them on the back end. They are chartered by governments to steward money and move money around. But there’s one big piece of B2B payment infrastructure that they don’t have: vendor networks.

accounts payable 52

accounts payable Technology Account accountant 52

PYMNTS

FEBRUARY 21, 2020

B2C trends are bleeding into the B2B space and forcing corporate sellers to become digitally savvy — and fast. Forty-four percent of 200 millennials surveyed last year stated they were wholly responsible for making purchasing decisions at the B2B companies at which they worked, and an additional 33 percent played some role in this process.

B2B 61

B2B B2C Sales Government 61

PYMNTS

NOVEMBER 28, 2018

The Singapore-based company provides SMBs with its cloud-based platform to manage business operations, including accounting and finance, employee hiring and management, and other back-office processes. “It exists as an online B2B marketplace for [SMBs], powered by Deskera’s leading inventory management technology.”

B2B 55

B2B accounting and finance Government Finance 55

PYMNTS

NOVEMBER 30, 2020

Today in B2B payments, Visa teams up with Razorpay to debut a small business commercial card solution, while Nets is working with Yoba Smart Money to develop small business payment tools. In Australia, the government could be looking at mandatory eInvoicing for companies, according to a report by Accountants Daily.

B2B 64

B2B accounting and finance Government Start-ups 64

TaxConnex

JANUARY 12, 2023

The tax rate is 11.5%; the municipality where the sale took place receives 1% of that and the government of Puerto Rico receives the remaining 10.5%. An ailing economy drove the government to increase the base sales tax rate more than 4% in 2015. Designated professional services and B2B services are taxed at a 4% rate.

Sales 130

Sales Tax Real Estate Manufacturing 130

PYMNTS

JANUARY 5, 2020

This government-run construction agreement is the first for the entire public sector, and enables all organizations to find firms to construct schools, hospitals, prisons, housing and more. . In November, when the government chose 128 companies to share in a roughly £30 billion ($39.2 Three more lots are still outstanding.

Government 52

Government Construction Hospitality Start-ups 52

PYMNTS

FEBRUARY 19, 2019

the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear. When NACHA first released its Same Day ACH capability, only about 6 percent of the first 2 million transactions made in the service’s first 11 days were B2B payments.

Account 75

Account accountant accounted B2B 75

PYMNTS

JUNE 21, 2019

In the B2B space, the latest cases are spread across North America, Australia and the U.K. According to reports, the Wyatt Company’s accounts payable (AP) department received a call from one of its service providers, Associates Relocation Management (ARM), which alerted Wyatt of an unpaid bill. Fraud knows no boundaries.

Government 43

Government accounts payable Maryland Florida 43

PYMNTS

NOVEMBER 24, 2020

There are hidden costs in accounts payable processes undertaken through traditional means – and some of those costs are not necessarily transparent. As Nick Reid, director of B2B partner development at Conferma , said in an interview with PYMNTS, virtual cards can help eliminate those hidden costs.

Account 72

Account accountant accounted accounts payable 72

PYMNTS

NOVEMBER 30, 2018

AccuFund, an accounting and ERP solution provider for nonprofits and government entities, this week announced the launch of new features. In a press release , AccuFund said its newest version of its Accounting Suite introduces new automated capabilities as well as enhanced data-management functions. spent on labor, $0.50

Government 55

Government Account accountant accounted 55

CPA Practice

APRIL 30, 2024

Nearly 70 percent of global businesses expect their organizations to focus more on tax governance in the next two years ( source: EY ). The Sovos Indirect Tax Suite offers in-built, seamless connectivity to government tax authorities across the globe. We also help you understand and validate key exemptions and reduce audit risk.

Tax 52

Tax Technology B2C accounts payable 52

PYMNTS

JULY 3, 2019

In the B2B world, the time is now for faster payments. In addition, those firms that embrace real-time payments (RTP) may be setting the stage for other transformative initiatives over the next few years — as 60 percent of companies interested in RTP also intend to pursue B2B payment innovations. In the U.S., Though the U.S.

B2B 62

B2B accounting and finance Gaming Start-ups 62