Articles with tag: suppliers

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Visa selects Conferma Pay to launch B2B payment solutions suite

News | E-invoicing, SCF & E-procurement | 25 Nov 2020

Visa has partnered with Conferma Pay, a provider of virtual payments technology, to launch Visa Commercial Pay, a suite of B2B payment solutions.

Visa, Visa Commercial Pay B2B, B2B payments, payments digitalisation, suppliers, sellers, Conferma Pay, virtual payments technology, product launch

American Express updates its Early Pay supply chain solution for large companies

News | E-invoicing, SCF & E-procurement | 17 Nov 2020

American Express has announced enhancements to Early Pay in the US, the company’s supply chain payment solution aimed at large companies.

American Express, supply chain payment, Early Pay, suppliers, buyers, US, cash flow, payment discounts

Coupa launches inclusion initiative aimed at connecting businesses with suppliers

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

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

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

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

News | Payments General | 08 Oct 2020

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

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

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

News | Online Payments | 09 Sep 2020

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

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

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

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

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

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

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

Voice of the Industry | Payments General | 27 Jul 2020

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%

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

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

News | Payments General | 01 Jul 2020

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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