FLEETCOR says FTC suit ‘without merit,’ Paylocity explores the gig economy’s payroll impact, and UK lawmakers propose new late payments law
| | BUSINESS-TO-BUSINESS EDITION | Accelerating Accounts Receivable Starts With The Invoice Late payments are a massive threat to businesses, and while customer payment behavior is one culprit behind longer Days Sales Outstanding (DSO) time frames, actions on the seller-side can lengthen the invoice-to-cash cycle, too. Biller Genie CEO Thomas Aronica tells PYMNTS why accelerating accounts receivable starts with the invoice, and how offering choice in payment method is crucial to preventing late payments. |
Open Banking/FinTech Collaboration |
Bank-FinTech Tie-Ups Continue Despite SMB Skepticism The U.K. Federation of Small Businesses warns SMBs, weary of data security breaches, aren't embracing Open Banking. Experts say banks and FinTechs must promote awareness of the benefits of unlocking bank data. This week's look at the latest in bank-FinTech collaboration finds B2B finserv providers in the U.K. and Europe embracing opportunities in data sharing, despite potential skepticism by their small business customers. |
| Payroll | The Gig Economy Drives The Next Major Payroll Disruption A younger workforce and the proliferation of the gig economy has employees demanding new ways to get paid, with on-demand wages near the top of their list. But as employers ease into this trend, thereâs another disruption headed their way. Paylocity CEO Steve Beauchamp sees traditional companies embracing gig work in a new way, with major implications for how they calculate wages â and manage cash flow overall. | | |
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