| Extending Payment Terms By A Competitive Edge â And A Cash Flow Burden
Extending payment terms to corporate buyers is a cash-flow pain. So why do suppliers put up with it? Itâs a competitive edge, explains Michael Noble, CEO of B2B credit management and accounts receivable solution provider Apruve. He offers insight into why itâs not feasible for vendors to manage their own buyer accounts, especially when they have thousands of customers and especially when suppliers have to manage those accounts â and the risk that comes with them â manually.
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| SMBs Struggle To Set Flexible Spend Goals, Research Finds
The accountant talent pool is shrinking, and small businesses are struggling to stay on-budget. But are accountants still necessary to help SMBs manage spending? A new report from spend management firm Center finds technology may hold the key to the nearly two-thirds of companies that end up going over budget as firms struggle with establishing more flexible spending goals and gaining real-time insight into financial data.
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| | PYMNTS Data Drivers | | In B2B, High Profits Amid New (Tech) Processes
B2B payments as the font of...innovation and profits? It can be done, says CurrencyCloud CEO Mike Laven. And in our latest Data Drivers, 55 percent of payments execs agree: The bottom line can benefit with foresight, dedication and not a little bit of technology applied to the transformation away from paper based processes. Read More... |
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