PYMNTS

NOVEMBER 14, 2017

Recent research from Concur , released last week, found four in 10 businesses struggle with late B2B payments, and, contrary to popular belief, the problem isn’t plaguing only small businesses (SMBs). Overall, nearly three-quarters of companies said they were negatively impacted by delayed and late B2B payments. construction.

Construction 40

Construction B2B payroll accounting and finance 40

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

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

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

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

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

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

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

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 Construction Sales Manufacturing 79

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

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

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

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

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

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 Construction Technology 53

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 Account 49

PYMNTS

MAY 10, 2018

s largest contractor, construction conglomerate Carillion , new data shows a major spike in the number of construction companies facing financial struggles. Nearly three-quarters of the 400 small construction businesses surveyed are facing severe financial challenges. Following the collapse of the U.K.’s

Construction 41

Construction B2B payroll Government 41

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

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

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

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

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 Construction Healthcare 64

PYMNTS

AUGUST 6, 2019

Allow us at PYMNTS to do our own small part in that ongoing effort, and apply that quote to the world of B2B customer experience — and the never-ending push to build a better digital ecosystem around that concept. Data, of course, is the biggest driver in all these real and looming improvement in the customer experience, whether B2B or B2C.

B2B 68

B2B B2C Construction Technology 68

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 accounts payable Pharmaceutical B2B 107

PYMNTS

APRIL 25, 2019

However, according to Keith Holmes, VP of operations at equipment rental platform BigRentz , in the last several years, he has seen a significant shift from the purchasing model to the rental model among the construction companies that use the site. “We’ve seen a big shift. Rental Pains.

Construction 49

Construction Finance Technology B2B 49

PYMNTS

FEBRUARY 15, 2019

Barclaycard and SAP are partnering up to accelerate B2B payments, the companies announced today (Friday, Feb. “In global procurement, payment has always been the part of the process that has created the most friction, so we’re really excited to be partnering with SAP to make B2B payments as simple and seamless as possible.”

B2B 46

B2B Construction Finance 46

PYMNTS

SEPTEMBER 20, 2019

This week, the largest funding round went to a B2B startup developing autonomous trucking technology to boost fleet efficiency, with other rounds landing at small business bookkeeping, workforce communications, and IBAN fraud mitigation startups for a combined $236 million-plus landing at B2B startups.

B2B 49

B2B bookkeeping Technology accounting and finance 49

PYMNTS

JUNE 16, 2019

WESCO International has announced that WESCO Distribution has partnered with Silicon Valley-based startup Plug and Play to launch their newest accelerator, B2B Sales and Distribution. We are excited to have this opportunity to engage with WESCO to facilitate the launch of the B2B Sales and Distribution Accelerator.

B2B 46

B2B Technology Manufacturing Construction 46

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

JUNE 22, 2018

’s construction industry continues to struggle with late supplier payments, a new commercial card product from Barclaycard aims to address some of the cash flow issues among small businesses (SMBs) in the sector. ’s construction sector. ’s construction sector. As the U.K.’s

Construction 46

Construction Maine Retail B2B 46

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.

Healthcare 130

Healthcare B2B Spend Management Tools accounts payable 130

PYMNTS

NOVEMBER 2, 2020

In separate news, Palette Software introduced AP automation technology that is meant for companies in the engineering and construction spaces, per news in August. Palette helps engineering and construction companies process supplier invoices quickly and efficiently.

AP Automation 56

AP Automation Technology Approval Workflows AP Processes 56

PYMNTS

OCTOBER 29, 2019

The technology space has begun to explore opportunities in the back office, too, with companies like WeWork stepping into the real estate technology market to allow for on-demand office rental, while traditionally consumer-facing firms like Airbnb have also taken measures to expand into the B2B side of the market in areas like business travel.

B2C 41

B2C Real Estate B2B Technology 41

PYMNTS

APRIL 29, 2019

In Wales, late payments are getting greater scrutiny in the wake of the collapse of construction firm Dawnus earlier this year. As reported , the company, which worked on construction projects across the U.K. and overseas, had hundreds of suppliers — and a significant number are still owed payments.

Construction 43

Construction CPA Government Account 43

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

JUNE 1, 2018

Venture capital activity within the B2B realm saw a few large deals, and a subset of smaller ones. Construction equipment supplier Emagispace , which bills itself as a “building block technology company,” said that it raised a bit more than $5 million in Series B funding, where that round was led by Alpha Edison.

B2B 48

B2B Construction Retail Finance 48

PYMNTS

JUNE 13, 2018

One could be forgiven for thinking that in construction, timely payments are crumbling, while in music, transactions are slowing in tempo. In the latest Construction Payment Report 2018 , released this past week by loan software company Contract Simply , data shows that late payments are taking a toll.

Construction 40

Construction Account accountant accounted 40