| Rethinking The Oft-Overlooked Tail Spend Dilemma In corporate procurement, the 80-20 rule often reigns: 80 percent of spend lands at 20 percent of suppliers. But when organizations are spending billions of dollars, the remaining tail spend can still amount to seven-figure sums. Fairmarkit CEO and Co-founder Kevin Frechette tells PYMNTS why organizations are finally prioritizing indirect spend optimization after years of legacy procurement workflows. |
| Australia, South Africa Take On The Late Payments Fight Delayed and late B2B payments are a global issue, but this week's B2B Data Digest shines a spotlight on two markets that are elevating the fight against late invoice payments to small businesses. South Africa and Australia are ramping up efforts to combat payment delays, both within the private and public sectors, as analysts warn that COVID-19 has made cash flow challenges for SMBs even more burdensome. |
| | Cash Flow Management | | Oiling The Moving Parts Of Cash-Flow Management Cash-flow management involves a complex ecosystem of moving parts, with everything from sales and enterprise resources planning (ERPs) to accounts payable and accounts receivable systems offering valuable data. Putting that data together in a meaningful way â and in real time â to predict cash flows presents a headache for chief financial officers today, says Payference Founder and CEO Prashant Kumar. He spoke with PYMNTS about the strategies finance teams can deploy to make cash-flow management a well-oiled machine. |
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