Banksâ bumpy PPP small biz lending road ahead; Unanet talks architecture and engineeringâs AR challenges; and fashion retailer vendor payments crumble
| | BUSINESS-TO-BUSINESS EDITION | With BEC Scams, Wire Payments Aren't The Problem While wires and paper checks are notoriously risky payment methods, it's not the payment tool itself that's necessarily exposing businesses and government entities to supplier payment frauds like the Business Email Compromise. Authoriti CEO Michael Cutlip says it's what happens before the payment that creates the greatest risk, especially during times of supply chain volatility. |
Fashion Industry Supplier Payments Take A Major Hit Market volatility has created major disruption to supplier payment practices. While some corporate buyers in the food and beverage, government services and healthcare industries are actually accelerating vendor payments, suppliers in the fashion sector are enduring a brutal extension of days sales outstanding â or canceled payments altogether. |
| Accounts Receivable | Redesigning Accounts Receivable For Architecture And Engineering The enterprise resource planning (ERP) system can be a valuable tool for architecture and engineering (A&E) firms managing a complex web of B2B relationships â but only if it can address industry nuances. Unanet Chief Product Officer Assad Jarrahian describes the opportunity for ERPs to redesign processes like accounts receivable to ease A&E's invoice payment friction. | | |
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