Lloyds experiences Faster Payments glitches, Amex pairs with Cvent for corporate event spend, and Hackett warns large enterprises on late supplier payments.
| | | | BUSINESS TO BUSINESS EDITION | | Corporates Must Tread Lightly With Delayed Supplier Payment Tactic Working capital performance among the top 1,000 U.S. corporates is nearing a 10-year high. Unfortunately, so is the average Days Sales Outstanding for their suppliers. New analysis from The Hackett Group finds corporates are taking the easy route to boosting working capital: paying suppliers later. It's a slippery slope, analysts warn. |
| What Q2 Earnings Say About Business Spend Top FinServ players, including Bank of America and JPMorgan, have already released their Q2 2018 reports. But what do they tell us about how businesses are spending cash? Commercial card spend is up, small business lending is up, too, and performance for B2B FinTech firms appears to be on an upward trajectory. |
| | Commercial Cards | | Cvent Taps Amex For Corporate Event Virtual Payments In the multibillion dollar industry of corporate events planning, dozens of suppliers, a mix of payment methods and unexpected purchases draw the curtain over spend analysis. Corporate event solutions firm Cvent is arming its clients with virtual payment capabilities (powered by American Express) to address the challenge. While v-card acceptance is not ubiquitous, Cvent's Patrick Smith says the industry is eager to embrace technology â and that includes the way planners pay suppliers. |
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