Veem Announces Xero Integration, Coupa Losses Less Steep Than Expected, And Traydstream Explores Trade Finance Innovation.
| | | | BUSINESS TO BUSINESS EDITION | | Making The Perfect B2B Payment
Corporate payments may seem like a simple function, but they can be a powerful strategy for managing suppliers and saving money. Bob Sneed, vice president of Corporate Payments for WEX, said the secret lies in rethinking the corporate AP strategy â something that he says CFOs havenât even touched. Sneed says if they did, theyâd save AP department time and expenses, optimize business processes and leverage discounts that yields the perfect B2B payment every time.
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| Fed Looks To Keep Momentum Going On Payments Improvements
The Federal Reserve says significant progress has been made on each of its key focuses for improving the nation's payments system: speed, security, efficiency, enhanced international payments, and industry collaboration. But the sector must keep the momentum going, and to help things along, the Fed issued its latest report to outline how it intends to build on past successes â and address upcoming challenges.
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| | Trade Finance | | Trade Finance Endures, And Overcomes, Banksâ Slow-Moving Innovation
A few years ago, Sameer Sehgal, CEO of trade finance firm Traydstream, said he probably wouldnât have agreed that banks are playing a role in the innovation of the industry. But trade finance is the target for massive disruption thanks to technologies like blockchain and robotics, Sehgal tells PYMNTS, and banks are finally perking up to the need for progress. The CEO explores his predictions for how tech can fill a $1.5 trillion trade finance gap. Read More... |
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