Citi notes jump in corporate online banking adoption, SoftCo discusses the link between AP automation and late payments, and Xero partners to strengthen marketplace offering
| | | | BUSINESS-TO-BUSINESS EDITION | | Wielding B2B Payments Automation To Empower A Vegan Ecosystem In the build-versus-buy debate, the opportunity to build proprietary financial technologies to suit the unique needs of a business and its industry has some major advantages. VeganNation Founder and CEO Isaac Thomas tells PYMNTS how a vegan-specific B2B payments and digital token solutions can help drive the industry toward becoming a more digital, interconnected ecosystem without the use of animal products. |
| From BT To Gucci, Big Brands Add Support For Vendor Cash Flow From GM to BT, some of the world's largest brands are taking measures to improve cash flows to their suppliers. But their tactics differ, ranging from accelerated payment terms to the implementation of trade finance and early payment discount programs, as this week's B2B Data Digest examines. |
| | Accounts Payable | | AP Automationâs Uncertain Impact On Late Payments Small businesses are surprising themselves with the resiliency to manage change and automate their accounts payable departments in the most difficult circumstances. The long-term impacts could be beneficial, particularly with firms more able to capture early payment discounts. Yet SoftCoâs Killian McCarthy says AP automation wonât necessarily guarantee faster supplier payments. He spoke with PYMNTS about what this shift will â and wonât â mean for B2B payments in the long term. |
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