Billie discusses late payments solutions, Apex Capital talks faster freight factoring, and China tackles trade finance fraud risks
| | BUSINESS-TO-BUSINESS EDITION | Faster Payments Tracker⢠|
How Truck Factoring Revs Americaâs Retail Engine Truckers haul 71 percent of Americaâs freight tonnage, keeping retailers supplied and in business â but not without challenges. Slim margins, emergency needs and mounting daily expenses can halt day-to-day operations â and retail shipments â as truckers can wait more than a month for invoice payments, says Apex Capital Chief Strategy Officer Brian Carlgren. In this monthâs Faster Payments Tracker, Carlgren explains how fast, mobile-based factoring can help truckers keep on trucking. |
China's Bank Watchdog Goes After Supply Chain Finance Fraud Chinese eCommerce conglomerates JD.com and Suning.com are caught in a dispute over allegations of falsified trade documents for the purpose of obtaining financing. The case reveals the risk of trade finance fraud, with China's banking regulator now taking action to promote transparency and security in the trade finance landscape. |
| Supplier Payments | Tackling Late Supplier Payments From The Buyer's Perspective Small vendors working with large corporate customers often lack the negotiating power to accelerate their accounts receivable. But buyers, particularly SMBs, have their own points of friction that slow down accounts payable, too. Billie Co-Founder Aiga Senftleben told PYMNTS' Karen Webster why accelerating payments to small suppliers cannot be achieved without also considering the buyer's need for choice and flexibility. | | |
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