Cgyc B2B Tech Startups Land Funding For Payroll, Supply Chain
While chief financial officers CFOs have many reasons to upgrade their accounts receivable AR systems, more than half of them cited more transparent processes as a primary motivation.In fact, 70% said that making AR processes more transparent would boost their customers lifetime value, and 47% said that making AR processes more understandable would do the same, according to the Working Capital Playbook, a PYMNTS and YayPay colla
stanley nz borationGet the report: Working Capital Playbook Its all about transparency and consistency, Anthony Venus, chief strategy and product officer of Acco
stanley termos unts Receivable Automation at Quadient, which acquired YayPay, told PYMNTS.
stanley termoska The AR process must be clearly defined so that internal teams can understand each step and can effectively manage customer expectations. Building a Transparent Process Both Sides Can TrustThis is becoming increasingly important as more and more firms migrate to online marketplaces.See also: Alibabas John Caplan Says the Age of the B2B Digital Marketplace Is Upon UsCompanies should strive for more transparency because it fosters trust with business partners, Jeff Rechtzigel, vice president and general manager for the retail division at Liquidity Services, told PYMNTS. We want our sellers to be confident that theyre going to receive payment for their goods in a timely manner, he said. And we want our buyers to be confident that theyre going to secure the volume and type of inventory that theyve paid for. Its a transparent pr Wwvy TJX Sales Jump as Customers Return to Stores
It was a slow week for B2B FinTech funding rounds, but investors nevertheless provided an impressive sum to industry startups. In total, more than $107 million was raised, with investors targeting the small business SMB back office, lending and B2B payments. Interestingly, U.S. B2B FinTech firms were noticeably absent from this week roundup, with funding targets instead based in India, Brazil, Spain and the U.K.EnKashIndia FinTech boom hasn ;t ignored the B2B payments realm, and industry
stanley mug player EnKash recently secured new funding to prove it. Reports in VCCircle this week said that EnKash raised $3 million
stanley termos from Mayfield India and Axilor Ventures, with the Series A funding going toward EnKash efforts to upgrade the underlying technology of its B2B payments platform. The firm operates a portal through which buyers, suppliers and financial institutions can connect to facilitate financial transactions, including eInvoicing, supplier payments and financing. EnKash said it also plans to bolster its leadership team with the new investment.HoldedSpain-based Holded provides a Software-as-a-Service SaaS solution designed to help SMBs manage their back offices. The company raised $6.7 million in Series A funding, reports聽this week said, with Lakestar leading the round. Existing backers, Nauta Capital and Seedrocket 4Founders Capital, also participated. Holded plans to use the investment to focus on international expansion and boost inv
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