A naukri.com initiative
Pymnts
3d
250
Image Credit: Pymnts
This Week in B2B: Standards, Regulations and Next-Gen Back Offices
- The amalgamation of technology, leadership and regulation is revolutionizing the way B2B is conducted.
- AI is being seen as a pivotal tool for automating processes, improving decision-making capabilities, and addressing bottlenecks.
- Real-time data and payments are essential for financial decision-making, liquidity management optimization and risk reduction.
- Virtual cards are becoming increasingly popular in offering suppliers and buyers with streamlined payments coupled with security features.
- CFOs' roles are evolving and they are expected to act as strategic leaders guiding their organizations through complex challenges.
- Regulations are aimed at creating a financial system that is interconnected and transparent and globally standardized for cross-border payments.
- European Union's (EU) Single Euro Payments Area (SEPA) instant payment deadline requires financial institutions and payment service providers to be capable of receiving instant payments for better efficiency.
- Fazeshift, an AI-focused agent that helps with accounts receivable, raised $4 million in startup funding.
- Travel industry is benefiting from digital tools such as Visa's partnership with Qashio which develops B2B travel payment solutions for improved spend management.
- Partnerships and collaborations such as the one between Payarc and AllPack Fulfillment can help bolster the payment processing.
Read Full Article
15 Likes
For uninterrupted reading, download the app