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Report: Using Digital AP To Build Faster Subcontractor Payments Flows

PYMNTS

Accounts payable (AP) teams are now taking a fresh look at the potential of tools such as virtual cards to ease their transaction frictions. The September CFO Guide To Digitizing B2B Payments explores how corporate buyers are streamlining their B2B transactions with digital payments and supplier onboarding tools.

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Corporate Fraud Reveals The Breadth Of Scammer Tactics

PYMNTS

PYMNTS breaks down the numbers of the latest in B2B fraud below. The company’s H2 2020 Email Fraud and Identity Deception Trends report revealed widespread vulnerabilities among the largest corporations, and noted 70 percent of BEC scams are sent via free webmail accounts, an increase from 54 percent last December.

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Cannabis Logistics Finds Opportunity In Uncharted Territory: WAYV

PYMNTS

Take, for example, markets like the food and beverage, pharmaceutical and medical supplies space. With legal cannabis a fast-growing market, the industry has a unique opportunity to innovate and adopt technologies from scratch — adopting best practices from the get-go, rather than trying to fix another industry’s strategy.

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The Multibillion-Dollar Problem Of B2B Payments Friction

PYMNTS

B2B payments is at the center of efforts to innovate by FinTechs, banks and others, but corporates’ business-to-business payment processes remain complex, erroneous and a deterrent to growth. The vast majority (91 percent) said they used the Bacs system to make their B2B payments, though half said they used SWIFT more than four times a month.

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Startup Roundup: New Innovations In Bloom

PYMNTS

NetSuite has its own PO creation capability, but the integration enables users to streamline their complete accounts payable (AP) workflow. CMO Rob Israch said the multi-entity capability is what differentiates Tipalti, enabling customers to run their entire payables operations across borders and brands from a single touchpoint.