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

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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. Each card payment is then assigned a virtual number tied to a commercial card account. PayPal Ventures Invests $11.9M

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Procure-To-Pay Facing More Market Consolidation

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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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Yooz Debuts AP Automation Tech To UK Market

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Procure-to-pay software company Yooz plans to expand into the U.K., A press release revealed that the company will make its automated accounts payable (AP) solution available to U.K. Yooz currently integrates into an array of accounting and enterprise resource planning (ERP) platforms.

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Tradeshift Taps Genpact To Broaden AP Automation Offerings

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Genpact will provide artificial intelligence , machine learning, robotic process automation, analytics and other technologies, while Tradeshift will connect joint customers to enterprise apps to support digitization and automation of accounts payable, procurement and supplier management operations for streamlined procure-to-pay.

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

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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. The office supply firm, through its STP connection, receives the funds from the virtual card directly into their commercial bank account of choice.

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Transcepta Ramps Up AI In eProcurement

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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.

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Transcepta Adds Dynamic Discounting To AP Platform

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Accounts payable automation company Transcepta has added a new way to support B2B transactions. 1) that it is introducing a dynamic discounting feature into its cloud-based AP automation and procure-to-pay platforms. The company announced Thursday (Dec.