| Late Payments Stretch Business Cash Flow As 15 Pct Of Receivables Are Overdue In B2B, late payments were a problem â globally â even before the pandemic hit. But now, chasing overdue payments takes up time and energy that adds to other operating pressures â and torpedoes cash flow. The silver lining, as PYMNTS/American Express have found: greater attention to automating antiquated, manual AR processes. |
| B2B Innovators Land Funding For AP, Cybersecurity Venture capital funding landed at startups focused on accounts payable (AP) and cybersecurity this week â with one payables startup raising $23 million in funding. A managed security services provider has also concluded a $53 million Series B round to help accelerate research and development of its cloud security technology, among other uses. |
| | PYMNTSTV: B2B Payments 2021 | | Billtrust CEO: B2B Buyers Ignore Suppliersâ Payments Preferences At Their Peril B2B buyers want to take their time paying, but suppliers want to get paid quickly. In between lies inefficiency â namely, the paper-based ways in which business payments still often occur. CEO Flint Lane of Billtrust tells Karen Webster that this buyer/supplier dynamic is changing for the better, although pain points remain. Getting rid of that pain? Step 1: Get rid of the checks. |
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