How Coronavirus could change accounts receivable strategies, U.S. Faster Payments Council names new executive director, and U.K. grocery chains vow faster supplier payments
| | | | BUSINESS-TO-BUSINESS EDITION | | Government Entities Face An eProcurement Wake-Up Call The U.S. economy has never seen a clearer picture of the consequences of friction in government procurement practices than it is witnessing right now. Mark Eigenbauer, president of BidNet, explores the importance of automating as much of the government procurement process as possible and predicts a greater openness to change and eProcurement technology in the wake of the coronavirus pandemic. |
| Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief With access to capital imperative to the survival of small businesses, government officials, banks and FinTechs have introduced new measures to support small businesses impacted by the coronavirus. A roundup of the latest initiatives reveals a focus on crowdfunding and deferred SMB loan payment programs. |
| | Accounts Receivable | | Accounts Receivable Looks Inward To Combat Late B2B Payments While late payment critics are often quick to call out large corporate payers, many fail to look closely enough at the accounts receivable side to identify where the B2B payments process is breaking down. Alex Louisy, co-founder and CEO of Upflow, tells PYMNTS that coronavirus disruption could lead to long-lasting change in the way businesses manage their invoice-to-cash cycles for a healthier B2B ecosystem. |
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