Articles with tag: suppliers

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Coupa launches inclusion initiative aimed at connecting businesses with suppliers

22 Oct 2020 | E-invoicing, SCF & E-procurement

Coupa Software has announced an initiative focused on making it easier for enterprises to increase their spend with diverse and inclusive suppliers.

Coupa, businesses, suppliers, product launch, supply chain

Global supply chain activity surges to pre-pandemic levels in Q3

21 Oct 2020 | E-invoicing, SCF & E-procurement

The number of purchase orders and invoices exchanged across global supply chains has risen by 15% in Q3 after falling by a similar margin in Q2, the latest Index of Global Trade Health from Tradeshift can reveal. 

Tradeshift, supply chain, payments, invoices, transactions, digitalisation, buyers, suppliers, report

JP Morgan pledges USD 30 bln for reducing racial wealth gap

08 Oct 2020 | Payments General

JP Morgan has declared it would commit USD 30 billion to address racial inequality over the next 5 years, according to Reuters.

JP Morgan, racial wealth gap, racial inequality, Reuters, mortgage, Black borrowers, Latino borrowers, housing project, small business loans, banks, philanthropy, minority suppliers, Bank of America, Citigroup, Community Development Financial Institutions, CDFIs, loans

Contour enters live production delivering trade finance blockchain network

05 Oct 2020 | E-invoicing, SCF & E-procurement

Singapore-based Contour has entered live production, uniting buyers, suppliers and banks on a decentralised, digital trade finance platform that is open to all geographies and industries, according to IBS Intelligence.

Contour, trade finance, blockchain, banks, corporates, suppliers, financing

Loomis launches payment solution for cash, cards, and other digital payments

09 Sep 2020 | Online Payments

Sweden-based company Loomis has launched Loomis Pay to expand its presence across the value chain.

Sweden, Loomis, Loomis Pay, payment platform, merchants, payment suppliers, Denmark

Global Supply Chain Finance Forum (GSCFF) observes SCF misuse increase

25 Aug 2020 | E-invoicing, SCF & E-procurement

The Global Supply Chain Finance Forum (GSCFF) has released a paper in response to growing concerns regarding the use of supply chain finance (SCF) and payables finance programmes. 

Global Supply Chain Finance Forum, GSCFF, SCF, supply chain finance, payables finance, programmes, suppliers, financial reporting, transparency, SMEs, financial disclosure, covid-19, industry standards, standard definitions, global supply chains

HSBC, Asian Development Bank partner for Covid-19 supply chains support

30 Jul 2020 | E-invoicing, SCF & E-procurement

HSBC and the Asian Development Bank (ADB) have announced a supply chain finance programme to support companies that provide Covid-19-related supplies.

HSBC, Asian Development Bank, covid19, supply chain finance, Asian SMEs, medical supply chains, financing, suppliers, banks, manufacturers, investors, healthcare professionals

Deutsche Bank to invest in fintech Traxpay

27 Jul 2020 | E-invoicing, SCF & E-procurement

Deutsche Bank has announced plans to invest in Germany-based fintech Traxpay to expand its supply chain finance offering. 

Deutsche Bank, Traxpay, fintech, Germany, supply chain finance, dynamic discounting, reverse factoring solutions, cash flow, discount, platform, retailers, suppliers, payable, interim financing

B2B payments 2019-2020 – key drivers of innovation

27 Jul 2020 | Payments General

An overview of some of the B2B payments trends and initiatives from late-2019 to mid-2020, the Covid-19 impact, the productisation of B2B payments, and future perspectives for this industry

B2B payments, fintech, virtual cards, B2B transactions, cards, investments, acquisitions, digital payments, innovation, partnerships, coronavirus, expansion, corporate cards, cross-border payments, commercial payments, investors, fraud, card schemes, businesses, PSPs, payments, suppliers, digitisation, corporates, banks, payment providers, travel, expenses, commercial card

Europe e-invoicing market to reach USD 4217.6 mln by 2027 with CAGR of 17.1%

14 Jul 2020 | E-invoicing, SCF & E-procurement

The Europe-based e-invoicing market was valued at USD 1,241.7 million in 2019 and is projected to reach USD 4,217.6 million by 2027 at a CAGR of 17.1%.

e-invoicing, electronic billing, Europe, CAGR, customers, suppliers, trading agreement, invoices, purchase orders, debit notes, credit notes, payment terms, remittances, order to cash, procure to pay

AvidXchange protects suppliers from fraud with security updates

01 Jul 2020 | Payments General

AvidXchange, a provider of accounts payable (AP) and payment automation solutions for the middle market, has released new security functionality to protect suppliers from fraud.

accounts payable, payment automation, AvidXchange, Cashflow Manager, security, suppliers, product update

SoftBank-backed Greensill buys Colombia fintech

24 Jun 2020 | E-invoicing, SCF & E-procurement

SoftBank-Backed Greensill Capital, a company that helps businesses fund their operations, has announced it is acquiring Colombia-based Omni Latam to speed up growth in Latin America.

Greensill Capital, Omni Latam, working capital, supply chain finance, loans, suppliers

Blockchain platform Factorin to transform the trade finance market in Russia

04 Jun 2020 | E-invoicing, SCF & E-procurement

Since its launch in 2019, Factorin has attracted 30 banking entities, has processed financing for 246,000 invoices and supplies, and its transactional turnover has exceeded USD 500 million.

blockchain, trade finance, suppliers, payments, Russia, automation, supply chain

UniCredit provides faster payments to its suppliers

20 Apr 2020 | E-invoicing, SCF & E-procurement

UniCredit has announced it will support its suppliers in Italy by accelerating how quickly they get paid, reports Electronic Payments International.

UniCredit, payments, suppliers, invoice, working capital

Reefknot, Mastercard co-lead USD 11 mln funding round for UK fintech Previse

17 Apr 2020 | E-invoicing, SCF & E-procurement

Temasek joint venture Reefknot Investments and Mastercard have co-led an USD 11 million funding round for UK-based fintech Previse.

Reefknot, Mastercard, funding, UK, fintech, Previse, suppliers, invoices

Amid coronavirus outbreak, Oasis and Warehouse Group delays supplier payments

31 Mar 2020 | E-invoicing, SCF & E-procurement

The Oasis and Warehouse Group have informed suppliers that it will be delaying payment terms, to protect the business during the coronavirus outbreak.

Oasis and Warehouse Group, invoices, payments, suppliers, coronavirus

Proactis helps SMEs maintain healthy cashflow through bePayd app

24 Mar 2020 | E-invoicing, SCF & E-procurement

Proactis, the UK-based B2B company, has launched an invoice payment service to help small businesses access funds and maintain a healthy cashflow.

Proactis, payment service, SMEs, cashflow, bePayd, invoice, payments, SMEs, B2B, suppliers

TSB unveils support for SME suppliers and customers during coronavirus outbreak

24 Mar 2020 | E-invoicing, SCF & E-procurement

TSB has announced it will ensure that all of its smallest suppliers will be paid within just 10 days of invoicing the bank. 

TSB, SME, suppliers, coronavirus, payments, cash flow

SIX Group selects Know Your Customer to strengthen supplier due diligence

05 Mar 2020 | Digital Identity, Security & Online Fraud

SIX Group has selected regtech provider Know Your Customer to strengthen its procurement process and better assess the risk associated with its international suppliers.

SIX Group, Know Your Customer, suppliers, due diligence, regtech, fintech, money laundering, financing, KYC

American Express announces Coupa Pay Integration

06 Nov 2019 | Payments General

American Express and Coupa, a provider of BSM solutions, have announced the availability of the American Express virtual Card as a payment option within Coupa’s business spend management (BSM) platform.

American Express, Coupa, payments, suppliers, spend management