Accounts payable

B2B payments today: Ollie order, Veem, more

Today in B2B payments, Ollie Order addresses the challenges of B2B payments fueled by regulation of the alcoholic beverage industry, and Veem is launching new billing and accounts receivable solutions. Additionally, Frontline Managed Services explores the challenges of legal services billing, Soldo raises $ 180 million, and Windward connects maritime data to trade finance workflows.

The alcohol industry derives its efficiency from the chaos of B2B payments influenced by regulation

AR Innovation tackles the gray area of ​​legal services billing

Assigning a monetary value to any service can be a challenge, but in corporate legal services, disputes over what was billed, how the bill was presented, and whether that cost accurately reflects the contractual agreements can create a difficult gray area in accounts receivable. Senior Vice President, Front Line Managed Services and General Manager, Financial Managed Services Mike Ferdman explored the legal services path to digital invoicing and B2B electronic payment acceptance.

Veem launches new invoicing and collection products

FinTech Spend Management Soldo Closes $ 180 Million Series C

Soldo, who works in corporate payments and expense management, closed a $ 180 million oversubscribed Series C financing round. Singapore-based Temasek led the fundraiser, according to an announcement on Wednesday, July 21. With the roundtable, Soldo said it can continue to accelerate product development and market growth across the entire $ 170 billion addressable market in Europe. The round comes just after Soldo closed a $ 61 million Series B financing in July 2019.

Windward facilitates trade finance due diligence with maritime data

Windward, which provides artificial intelligence (AI) solutions for the maritime industry, has deployed Container Insights to provide instant container control and monitoring and Bill of Lading (BOL) verification. The feature enhances Windward’s current Cargo Insights offering, according to an announcement on Wednesday, July 21. Container Insights optimizes and increases the efficiency of filtering workflows for trade finance transactions. As it stands, just over half of the $ 12 trillion in maritime trade is transported in containerized cargo, according to the announcement.

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About the study: Superconnected consumers use a variety of connected devices to interact, buy, and pay online, but say password authentication is slowing them down. PYMNTS surveyed 2,127 consumers and found that these highly connected and highly desirable customers want financial institutions (FIs) and merchants to ditch the password and provide a better and safer way to authenticate online.

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