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Digitizing B2B Payments The Hybrid Way

PYMNTS

In point of fact, most businesses of any size have a hybrid treasury-accounting back office where digital tools and paper instruments coexist. Many businesses still generate paper checks from the setup of their accounting systems,” Michael Reed, general manager of payments at Deluxe, told PYMNTS. Paper Wait.

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Canada’s Path Toward B2B Payables Modernization

PYMNTS

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Faster Payments. Bank-FinTech Collaboration.

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Fundbox Pay Expands To B2B Marketplaces

PYMNTS

The $24 trillion global B2B commerce opportunity, as PYMNTS readers know, is continually — and has been historically — plagued by the paper chase. In terms of payments technology and alternative lending, B2C and B2B may be respectively seen as digital versions of the hare and tortoise. focused B2B sales. A Major Gap.

B2B 63
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Airbnb’s Business Travel Investment Leads B2B Funding For The Week

PYMNTS

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The company plans to use the investment to collaborate with MUFG and Sozo, and promote growth. Negotiatus.

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Who Has The Balance Of Power In B2B Payments?

PYMNTS

The most popular use case — at least, so far — is payroll and emergency disbursements. What will it take for the payment method to find its way into mainstream B2B payments use cases, particularly for middle market companies that are heavy users of ACH today for paying suppliers? today), but not necessarily to pay their suppliers.

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Paychex Links Data To QuickBooks In Real Time

PYMNTS

Human resources and payroll management solution provider Paychex is integrating its data into QuickBooks Online to synchronize data for joint customers in real time. 17), Paychex said its General Ledger Service (GLS) now integrates into QuickBooks Online for faster access to key data for both small businesses and their accountants.

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Plugging Expense Leaks With Spend Management Solutions

PYMNTS

PYMNTS research found that 42 percent of B2B payments were made via paper check in 2019, for example. The question of disrupting operations to link spend management with older legacy systems need not apply to a spend management upgrade, according to Paula Bachman, chief financial officer at solutions provider Bento for Business.