PYMNTS

JUNE 24, 2020

To help project managers and administrators save time, Centsoft has unveiled an accounts payable (AP) automation technology for firms in the construction industry. Additionally, the infrastructure automates the procedure for processing the hard copy and emailed invoices that construction firms receive for their work.

AP Automation 75

AP Automation Construction Technology accounts payable 75

PYMNTS

DECEMBER 1, 2016

that is especially struggling with late B2B payments. 28) concluded that 55 percent of companies in the construction subcontracting industry feel powerless to influence the payment terms of their contracts with larger construction companies. ” With small construction subcontractors in the U.K. ”

Construction 52

Construction B2B Finance Maine 52

PYMNTS

DECEMBER 23, 2019

construction giant Carillion collapsed, but the saga continues to send shockwaves throughout the global construction industry. Small businesses are the fabric of the construction industry,” he said. What’s important to acknowledge, however, is that malicious late payments are not the norm for the construction sector.

Construction 52

Construction B2B Technology Start-ups 52

PYMNTS

MARCH 8, 2017

With hundreds of billions of dollars changing hands each year, B2B banking and payments is a big, big deal. According to industry research, the B2B payments industry moves roughly $550 billion each year, making up roughly half of the $1.2 Enter the new PYMNTS.com B2B API Tracker™. trillion global payments market. .

B2B 76

B2B Technology Real Estate Construction 76

PYMNTS

AUGUST 23, 2019

B2B marketplaces are seeing increased investments, as seen in recent funding activity spanning a variety of verticals, for a total of $18.5 As reported by The Business Times , in Singapore, Tin Men Capital, a venture capital firm focused on B2B tech startups, led a $5 million Series A funding round to invest in RateIt. Infra.Market.

B2B 71

B2B Construction Real Estate Retail 71

PYMNTS

JANUARY 10, 2018

There are a lot of factors that make B2B payments in the construction industry a challenge. But the biggest disruptor to a smooth B2B transaction, says Zlien CEO Scott Wolfe, is fragmentation. There are many more layers to that, and there are a lot of expensive risks with construction.” A Long History To Change.

Construction 49

Construction B2B Technology accounts payable 49

PYMNTS

JANUARY 13, 2020

As Travelex works to regain control of its systems, restore operations and mitigate any future fallout from the incident, the cyberattack is yet another reminder that one company’s cyber vulnerabilities can have far-reaching effects throughout the B2B supply chain.

B2B 89

B2B Kentucky Colorado Minnesota 89

PYMNTS

OCTOBER 16, 2018

Construction FinTech has evolved to target an array of financial friction points, with delayed payments, a mountain of paperwork and a crowded supply chain of contractors and subcontractors adding hurdles in the financial supply chain.

Construction 64

Construction B2B Finance Technology 64

PYMNTS

OCTOBER 7, 2020

In a move that lets its clients benefit from a new pre-constructed integration offering, enosix rolled out an SAP integration technology on Salesforce AppExchange. The solution allows for an in-the-moment B2B eCommerce experience natively in Salesforce Commerce Cloud, according to a Wednesday (Oct. 7) announcement. We listened.

B2B 80

B2B Technology Construction accounting software 80

PYMNTS

FEBRUARY 19, 2020

Business-to-business (B2B) transactions are often painfully slow for both buyers and sellers. Advanced transaction methods can accelerate the pace of B2B purchasing by moving away from manual processes reliant on paper checks and invoices in favor of those conducted through digital channels. Around The B2B eCommerce World.

B2B 79

B2B Sales Construction Manufacturing 79

PYMNTS

OCTOBER 5, 2020

In the wake of the pandemic, B2B payments have had to evolve. Yet there’s a wide gulf between considering the great shift to digital B2B payments and actually making the leap. That’s especially when B2B payments cross borders and currencies, she said.

B2B 130

B2B Healthcare Spend Management Tools accounts payable 130

PYMNTS

NOVEMBER 5, 2020

Construction companies need to ensure they can swiftly purchase materials and other supplies to complete their projects and maintain steady cashflows. These strains are prompting more construction firms to turn to faster, digital means of conducting their B2B transactions. Around The B2B Payments World.

B2B 64

B2B AP Processes Construction accounts payable 64

PYMNTS

SEPTEMBER 24, 2020

The September CFO Guide To Digitizing B2B Payments explores how corporate buyers are streamlining their B2B transactions with digital payments and supplier onboarding tools. Around The B2B Payments World. The purported fraudsters would send Amazon 10,000 items when the company had requested no more than 100, for example.

Construction 107

Construction B2B accounts payable Pharmaceutical 107

PYMNTS

SEPTEMBER 17, 2019

The timeliness of B2B payments raises the stakes for all parties involved, as a missed or delayed payment can ripple across the network. A series of payment innovations are promising to put an end to some common B2B payment frictions, including online portals, same-day ACH and automated accounts receivables (AR).

Construction 52

Construction B2B accounts payable Technology 52

PYMNTS

DECEMBER 15, 2020

This shift is particularly apparent among businesses in technology, healthcare and construction industries. percent of firms in the construction sector, yet 28.2 percent of construction firms see manually handling invoices as a challenge. Manually running customer credit checks is a pain point for 38.9 We also found that 44.4

Technology 111

Technology Construction Healthcare Maine 111

PYMNTS

MARCH 8, 2019

What’s more complicated than a B2B transaction? A B2B transaction in an industry like construction, where what triggers a payment isn’t a single, simple invoice. It is perhaps unsurprising, then, that the construction sector is no stranger to delayed and late B2B payments.

Construction 50

Construction B2B Technology Sales 50

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. In June, Centsoft introduced AP automation for companies in the construction sector.

AP Automation 69

AP Automation Construction Technology accounts payable 69

PYMNTS

DECEMBER 28, 2020

Today in B2B payments, Unifiedpost reveals acquisitions to build out its B2B platform, while Tally Solutions launches eInvoicing technology in India. Unifiedpost Unveils Acquisitions To Build European B2B Platform. Unifiedpost Unveils Acquisitions To Build European B2B Platform. 23) announcement.

B2B 60

B2B Technology Construction Travel Expense Management 60

PYMNTS

SEPTEMBER 29, 2020

Eighty-three percent of B2B firms have changed their AR processes since mid-March, in fact. Our survey examined the degree to which these firms have automated their AR processes, the impact of the pandemic on their ability to manage AR, and their interest in adopting technological innovations in the future.

Technology 121

Technology accountant accounted Account 121

PYMNTS

NOVEMBER 16, 2018

Financial solutions provider Comdata is teaming up with Computer Guidance Corporation to integrate virtual card payment functionality for the construction industry. Computer Guidance Corporation offers cloud ERP solutions for the construction sector. On Thursday (Nov.

Construction 49

Construction accounts payable B2B Technology 49

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

NOVEMBER 15, 2017

The latest research in B2B payment practices within the construction sector isn’t good: Two-thirds of small- and medium-sized businesses (SMBs) surveyed by the U.K. Just days after the FMB published its findings, invoice payment firm Nvoicepay announced a partnership with Viewpoint , a software firm targeting the construction space.

Construction 43

Construction accounts payable B2B Technology 43

PYMNTS

JANUARY 19, 2017

Corporate payments company Optal struck a new partnership to streamline B2B payments in the construction sector. 18) said Optal is collaborating with Open ECX , a digital transaction platform for the construction industry, via its WebContractor tool. Reports Wednesday (Jan. In another statement, Optal U.K.

Construction 43

Construction B2B Technology 43

PYMNTS

SEPTEMBER 19, 2019

This week, Mastercard announced plans to modernize its B2B payment ecosystem with Mastercard Track. It’s not as if firms lack interest in improving the speed of B2B payments. The latest Securing B2B Payments Report shines a light on risk and security issues. . B2B Payments Across Industries. Security vs. Friction.

B2B 53

B2B Real Estate Technology Construction 53

PYMNTS

AUGUST 16, 2019

Late payments are a headache for any industry, but the construction sector has seen some particularly detrimental effects from cash-flow bottlenecks. the collapse of construction conglomerate Carillion pulled back the curtains on the corporate’s B2B payment practices. In the U.K.,

Construction 50

Construction B2B Start-ups Technology 50

PYMNTS

JULY 3, 2020

Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their sights on B2B eCommerce, small business funding, payroll and more. million in VC funding for the sector, B2B FinTechs may be showing signs of a mid-year lull. With a combined $43.3

B2B 64

B2B Technology Manufacturing payroll 64

PYMNTS

DECEMBER 29, 2020

TradeSquare recently rolled out the inaugural business-to-business (B2B) wholesale marketplace for Australian small and medium-sized businesses (SMBs) through the Mirakl Marketplace Platform. TradeSquare also used the certified pre-constructed link for Adobe Magento, which Mirakl says simplified an expedient rollout.

B2B 103

B2B Construction 103

PYMNTS

FEBRUARY 22, 2019

The more than $1.593 billion raised by B2B startups this week showcases investors’ interest in business finance and payments. Flexport aims to continue growth and customer acquisition efforts as it continues to compete against the likes of Amazon, which is also investing in its own B2B logistics offerings, reports said.

B2B 55

B2B Construction accounting and finance Finance 55

PYMNTS

DECEMBER 23, 2016

It’s no surprise that venture capital rounds in B2B FinTech may be dwindling as the holidays ramp up, but that doesn’t mean the space has gone ignored. eSUB Construction Software. With a focus on construction project management, U.S.-based Investors in the U.S., Software-as-a-Service.

B2B 58

B2B Construction Expense Management New York 58

PYMNTS

AUGUST 10, 2020

For small- and medium-sized businesses in B2B industries like construction and manufacturing, the need for alternative funding products like asset-based loans and factoring could see an increase amid supply chain disruptions and B2B payment delays. “Customers are cautiously optimistic.

B2B 52

B2B Finance accounting and finance Construction 52

PYMNTS

JUNE 12, 2018

There is a sudden surge in construction technology startups, and investors have perked up. Analysts forecasted a 40 percent increase in venture capitalist (VC) funding for construction startups between 2014 and 2017, with investments totaling $375 million last year. trillion global valuation by the end of the decade).

Construction 52

Construction Technology payroll Legal 52

PYMNTS

APRIL 23, 2019

construction giant Carillion, the case continues to make headlines. ’s Insolvency Service began fresh questioning of top Carillion executives as part of a broader investigation into the company and its B2B payment practices. construction sector. More than a year after the collapse of U.K. Most recently, the U.K.’s

Construction 49

Construction B2B Government accounted 49

PYMNTS

OCTOBER 16, 2020

B2B payments are marked by an eternal struggle. Drill down a bit, and average DSO have been notably on the rise in verticals such as construction (up 10 days to an average 53 days) and healthcare (up seven days to 49 days). First — get rid of the checks. Buyers want to take their time to pay, to hang on to cash as long as possible.

B2B 64

B2B accounts payable Healthcare Construction 64

PYMNTS

DECEMBER 22, 2020

Many firms are eying new technologies that could accelerate their global B2B transactions amid these shifts. The O2C process includes every aspect of the business relationship, from presale interactions all the way through the final payment, and many companies are searching for ways to bring each step into the digital B2B world.

B2B 94

B2B Technology AP Automation accounts payable 94

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Pain points experienced by B2B vendors when collecting cash will inevitably seep into their own AP processes. However, that understanding has not traditionally been the focus of B2B payments service providers. and Turkey.

B2B 53

B2B accounts payable AP Processes Construction 53

PYMNTS

APRIL 23, 2019

Business management technology provider Sage is rolling out a new solution designed to help construction firms track the health of company finances and compare performance against industry peers. “This offering is our latest commitment to helping construction firms improve their financial health.” In the U.S.,

Construction 46

Construction Technology Finance Real Estate 46

PYMNTS

DECEMBER 13, 2019

Venture capital (VC) is far from the only funding source for B2B FinTechs. Despite a growing array of options, venture capital remains a solid funding source for B2B FinTechs, with this week’s roundup accumulating $104.4 Bill.com’s initial public offer (IPO) on Thursday (Dec. million raised, Reuters reported.

B2B 52

B2B Finance New York Manufacturing 52