Amazon Business invoicing takes effect, AvidXchange on B2B's future and Citi integrates commercial cards into Cvent.
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

August 142018

       BUSINESS TO BUSINESS EDITION

FinTech

In FinTech, The Race For Patents (And More)

Patents are the lifeblood of innovation, and innovation the lifeblood of FinTech. In the race for FinTech-related patents, it seems tech firms are leading banks. Elsewhere, the U.K. garners some headlines tied to cross-pollination between traditional financial players, AI and tech upstarts. No surprise, it’s all aimed at digitizing financial services.

 

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T&E

How Traveling Employees Turn Into Banks For Their Employers

Expense reports and reimbursements are a burden on finance departments, yet Conferma estimates U.K. employees spend a combined $380M of personal cash when traveling for work. This essentially turns workers into a bank for their employers, Conferma research warns, and it's adding cash flow stress on those professionals.

 

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Data Drivers

Who Has The Balance Of Power In B2B Payments?

A podcast that began as a chat about the adoption of Same Day ACH in the middle market turned into a thoughtful and — at times — spirited debate about who really holds the power in the B2B payments world: buyers or suppliers. AvidXchange Co-founder Chris Elmore said the suppliers do; Karen Webster begged to differ. Who made the most persuasive case?

 

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