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Supplier Risk, Spend Management Prove Critical For Banks’ Procurement Needs

PYMNTS

” For banks, providing a spend management and analytics solutions, in conjunction with cloud eProcurement capabilities, can help the FIs identify cash savings. . “Their core competency is investments; it isn’t really in procurement, in negotiating with an IT supplier. That’s not what they’re trained for.”

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Connected Devices, Instant Payments, Digital Shift Top This Week’s News

PYMNTS

It was a busy week for commerce and payments, as consumers are harnessing connected devices for digital-first shopping and firms are looking to harness tools to speed up business-to-business (B2B) disbursements and payments. Mastercard: Why It’s Time For Card Issuers To Up Their Digital Game.

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WEX Links With Apptricity For Enhanced T&E Payments

PYMNTS

WEX is lending its B2B payments capabilities to the enterprise software services of Apptricity. An announcement by the companies Thursday (July 26) revealed news that Apptricity is integrating WEX’s corporate payment solutions into its own offering of automated supply chain, travel and expense (T&E) and spend management solutions. “We

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SciQuest, Basware Upgrade Their Procure-To-Pay Game

PYMNTS

2), spend management firm SciQuest revealed updates to and new features for its source-to-settle platform. Two procure-to-pay players are upgrading their offerings. On Tuesday (Aug.

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SciQuest Accelerates Procurement Savings

PYMNTS

Spend management firm SciQuest is partnering with Denali, a provider of procurement solutions, to accelerate the ability of procurement companies to realize savings. The companies said their offering can lead to 10 times the savings for the enterprise and help support a financially sound procurement game plan over the course of a year.

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Kobe Bryant, Virtual Cards, Self-Service Technology Top This Week’s News

PYMNTS

Subscription commerce also will grow to encompass such areas as gaming, high-end and luxury apparel, designer socks and even vehicles. Visa Direct, for its part, has served business-to-business (B2B) and small business transactions with more than 700 million transactions in the fiscal first quarter of 2020. Trackers and Reports.

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Turning Unplanned Spend Into Spend Management Innovation

PYMNTS

In the middle of an otherwise productive day — one of those shifts when the whole team is not only ahead of schedule, but likely to get ahead of the game and take one or two extra jobs or tasks — few things can ruin that mojo more than waiting on approval for an expense to finish one job and move onto the next. So much for getting ahead.