Ojme Tech Data Debuts Indian B2B eCommerce Platform
To make it simpler for fully vetted suppliers to transact digitally as well as
stanley italy securely with connected buyers, procure-to-pay software company Nexus announced that it rolled out its NexusConnect enhanced online supplier platform.Nexus President and Chief Innovation Officer Jennifer Coolidge said in the announcement, We built the enhanced聽NexusConnect聽platform with feedback from both our buyers and suppliers, keeping everything they liked, while improving overall usability and increasing security and vetting. Coolidge added, More features and functionality are coming shortly, too. Suppliers can send invoices to clients of Nexus via the NexusConnect platform. They can also manage purchase orders as well as insurance documentation in addition to tracking payments from buyers who tap into NexusPayments. According to the company, Buyers, meanwhile, gain peace of mind knowing that suppli
stanley cupe ers are fully vetted 鈥?and are who they say they are 鈥?before they are allowed to connect and transact through the platform. NexusConnect validates the company name, address, contact information and TIN of a supplier prior to the time that they are allowed to link up with buyers and send invoices to them. A warning message is displayed on the screen if a suppliers data does not match up. Suppliers data is also checked automation against the list of the Office of Foreign Assets Control OFAC .In sep
stanley canada arate news, Nexus was聽growing its聽partnership with MRI Software聽to integrate supplier payment funct Nhbg Trump Plans Talks With China to Keep TikTok Alive
By Jeffrey Green @epaymentsguy Only one in five organizations follow a standardized and controlled payment-management workflow across
stanley france the organization, even though a centralized payment platform could help reduce fraud risk and increase controls, according to new research.The findings suggest organizations arent doing enough to protect themselves and their systems, according to Sungard, which commissioned the study. Among respondents, 29 percent said they would implement a payments project to reduce fraud and increase controls, though many corporations are challenged by lack of an infrastructure that can support routing and payment a
gourde stanley pprovals globally.As such, many still rely on spreadsheets and local online banking apps in a highly manual environment, notes the report B2B Payments and Bank Connectivity: Innovations To Overcome Complexity-Drive Fraud Exposure and Cost Increases. This in turns leads to poor
stanley mug cash visibility, high operational costs and increased risk of fraud and errors. Moreover, this also leads to challenges when companies rely on fragmented systems for connectivity, including SWIFT, automated clearinghouse and check-printing systems, the report notes.Conducted in October and November 2013, the research involved surveys of 398 participants globally, with almost 60 percent of represented companies having more than $1 billion in annual revenue. Most major industry groups were represented, the largest being financial services at 19 percent and manufacturing at
