PYMNTS

OCTOBER 6, 2020

As the pandemic started to lash the globe back then, the necessity of doing things — pretty much everything — digitally upended the very ways supply chains functioned, buyers interacted with suppliers, and the ways in which those firms paid and got paid. The Supply Chains. Fostering Cultural Change.

Customer Experience 211

Customer Experience Payments Online Management 211

BankUnderground

AUGUST 24, 2023

How did firms pass on these cost shocks through the supply chain and all the way onto consumer prices? In this blog post, we combine information from Supply-Use tables with a rich industry-level data set on input and output price indices to shed light on these questions. How do cost shocks pass through the supply chain?

Policies 81

Policies Industry US Data 81

PYMNTS

FEBRUARY 7, 2020

In PYMNTS’ latest B2B venture capital roundup, which yielded $75 million in new funding, startups embraced distributed ledger technology for B2B payments and supply chain management, with 80 percent of total funding landing at blockchain companies. Envoy Group. The $13 million raised for U.K.

blockchain 247

blockchain Fintech California System 247

PYMNTS

JANUARY 17, 2019

16), MUFG Americas and GE Capital said MUFG Union Bank will acquire GE Capital’s supply chain finance platform for an undisclosed sum. “By acquiring TPS, MUFG gains its flexible, state-of-the-art functionality immediately. . In an announcement on Wednesday (Jan.

Capital 150

Capital America blockchain Regulation 150

PYMNTS

JANUARY 22, 2021

While it has caused an acceleration in some of the macro trends in the trade space such as digitization, some of the effects of COVID-19 might be transient in comparison with other factors that have been at play in 2020 — including an evolving world order and the reconfiguration of supply chains in response to geopolitical change.

Comparison 131

Comparison Industry America Trends 131

PYMNTS

AUGUST 29, 2019

Down supply chains, paper checks indeed remain the dominant way companies pay suppliers, logistics service providers and business partners. In other words, supply chains’ cash flow bottlenecks cannot be addressed solely by the switch to electronic payments.

Payments 167

Payments Data Operations Technology 167

PYMNTS

OCTOBER 6, 2020

The pandemic has upended supply chains, and upended accounts payable (AP) processes – requiring companies of all sizes and types to move toward digital (and high-tech-powered) means to transform back-office functions. The pandemic has spurred organizations of all sizes to focus on supply chain dynamics.

Data 234

Data Management blockchain Trends 234

PYMNTS

JANUARY 30, 2020

Production supply chains are likely to feel the impact of the coronavirus as it spreads in China and spreads across borders. Keeping Wuhan fed — and making sure it can function, headed into and after the extension of the Lunar holiday early next month — is imperative, as it exists as a national transport hub.

Regional 145

Regional Apple New York Examples 145

PYMNTS

SEPTEMBER 3, 2020

Yet amid market volatility, supply chain disruptions and inventory uncertainty, the costs (and time) associated with building proprietary eCommerce portals significantly outweighed the benefits. But you're not going to leverage functionalities that are the industry standard. Out-Of-The-Box.

Online 218

Online User Experience Marketing Maine 218

PYMNTS

NOVEMBER 12, 2020

The Financial Stability Board this month issued a warning for financial institutions (FIs) that outsource key technologies and functions, warning of " systemic risk " associated with too much reliance on a third-party partner. Lloyds, Demica Collab On Supply Chain Finance. But it may not always be smooth sailing ahead.

Fintech 220

Fintech User Experience System Data 220

PYMNTS

FEBRUARY 1, 2021

To help customers with supply chain funding and order growth, British boutique merchant bank TAP Financial Partners has created a subsidiary called TAP Fulfillment LLC, according to a Monday (Feb. 1) announcement. For that reason, trade finance will be a key part of the international recovery calculus.

Management 101

Management Marketing Operations Company 101

PYMNTS

OCTOBER 19, 2020

Economic challenges brought on by the COVID crisis have heightened the need for businesses to manage supply chains more efficiently, and in many cases that means turning to banks for the help they need. Banks can provide alternative, low-cost and less document-intensive forms of financing, like supply chain financing,” Gupta said.

Capital 150

Capital Payments System Course 150

PYMNTS

SEPTEMBER 5, 2019

Amidst the flourishing supply chain FinTech market, there are now more solutions than ever before tackling an endless list of historically friction-filled points in global trade. That truth makes track and trace (T&T) among the main pillars of supply chain management, according to rfxcel Co-Founder and CEO Glenn Abood.

blockchain 109

blockchain Compliance Management Data 109

PYMNTS

SEPTEMBER 29, 2020

Supply chain industry payments network PayCargo has landed an Insight Partners-led $35 million investment, according to a Tuesday (Sept. The functionality occurred as each portion of the freight supply chain is experiencing the effects of the COVID-19 outbreak. 29) announcement.

Payments 148

Payments Industry Tools Technology 148

PYMNTS

MAY 27, 2020

The worldwide network for illiquid assets noted that the LiquidX Partner Program (LPP) lets corporate bankers provide multiple offerings — including supply chain finance, trade credit insurance and account receivables — with their own branding in one application, according to an announcement.

Capital 159

Capital Branding Innovation Operations 159

PYMNTS

JUNE 4, 2019

Procurement and corporate payments firm SAP Ariba has reportedly ended its supply chain finance agreement with PrimeRevenue. Reports in Supply Chain Finance Briefing on Saturday (June 1) said the agreement between SAP Ariba and PrimeRevenue, which was first announced in 2016 , has quietly ended.

America 100

America Payments Cards Report 100

PYMNTS

JULY 6, 2020

We are always delighted to be able to use our technology to remove finance costs from a supply chain but never more so than when we can support small businesses that play such a key role in supporting our nation’s health.” billion) of supply chain finance payments annually. billion pounds ($1.5

Payments 150

Payments Analytics America Fintech 150

Abrigo

JUNE 14, 2021

The purpose of internal controls is to outline clear expectations, define procedures and processes pertaining to OFAC compliance (including reporting and escalation chains), and minimize the risks identified by the institution’s risk assessments. Internal controls The guidance is clear that an effective SCP should include internal controls.

Compliance 370

Compliance Training Resources Policies 370

PYMNTS

DECEMBER 28, 2020

Plus, Navisteps raises funding for its T&E tech, Pepperl+Fuchs strengthens supply chain innovation, and a Brexit deal is reached, with questions still looming. Pepperl+Fuchs To Use o9 AI Tech For Supply Chain Innovation. Unifiedpost Unveils Acquisitions To Build European B2B Platform. to help boost eInvoicing.

Management 150

Management Groups Innovation Payments 150

PYMNTS

AUGUST 18, 2020

In other news, YILPORT Holding has teamed with TradeLens to bolster digitalization and teamwork in the supply chain, according to an announcement. The firm indicated that Bulletproof Exchangers are renowned for lax anti-money laundering (AML) and know-your-customer (KYC) procedures. Moller – Maersk together.

blockchain 142

blockchain Operations Bitcoin cryptocurrency 142

PYMNTS

OCTOBER 7, 2020

MOOYAH , a Texas-based hamburger chain with more than 100 locations in North America and the Middle East, took a severe financial hit from the pandemic. The chain saw its sales decline by 40 percent in March and April, said Natalie Anderson Liu , MOOYAH’s vice president of brand. Curbside Pickup.

Innovation 207

Innovation Texas Retail Branding 207

PYMNTS

JANUARY 7, 2020

” This has implications for supply chains. The vast majority (82 percent) said that existing investments in industrial IoT had already either strongly or somewhat improved their supply chain issues, and 92 percent believe that industrial IoT will help make the supply chain more efficient and profitable.

Industry 135

Industry Survey Course Meeting 135

Perficient

JULY 15, 2020

Various Enterprise clients across different verticals like Healthcare, High tech, Financial Services, Retail, Manufacturing, and Supply Chain etc. Functional workshops – Interviews and white board sessions. Technical vs Functional. We then present a Functional, Capability and technical Matrix. The Audience.

Data 497

Data Customer Experience Analytics Industry 497

PYMNTS

MARCH 31, 2020

Firms like H&M have an important function in many developing nations, and the textile industry helps economic expansion, stability and employment in nations that make textiles, The Daily Star reported. Earlier this month, the fashion retailer said it was trying to figure out what was needed most and how its supply chain could help.

Payments 151

Payments National Retail Course 151

Perficient

DECEMBER 14, 2020

Crisis response, maintaining safe and operational working conditions, mitigating supply chain disruptions, maintaining liquidity, and deftly responding to shifts in the market have emerged as key focus areas for all businesses.

Technology 348

Technology Trends Software Resources 348

PYMNTS

JULY 28, 2020

Deutsche Bank recently announced an investment in Germany FinTech Traxpay , a company that will integrate supply chain financing technologies and solutions within Deutsche Bank’s own offering. Today, open banking, said Pajkovic, is “not something that has taken the market by storm yet.

Fintech 279

Fintech Lending Digital Banking Technology 279

PYMNTS

JANUARY 3, 2017

Another is the concept that suppliers aren’t simply vendors but are a collaborative part of a firm’s supply chain and a strategic partner. That’s forced corporations to take a new approach to managing suppliers and supply chains. “As You need supplier relationships that can support that as well.”.

Compliance 165

Compliance Technology System Management 165

PYMNTS

JANUARY 6, 2021

The coronavirus crisis threw a wrench in many supply chains all over the world, with organizations and their third-party logistics providers still reeling from the disruption. In the U.K., per mile for a full truckload in the last week of 2020, nearly doubling costs.

Data 253

Data Analytics Management Operations 253

PYMNTS

JANUARY 17, 2021

This allows global brands to extend their reach by tapping into new markets, providing global sellers with instant Southeast Asian market access as its functions enable the sellers to create, control, and fulfill on-demand B2B bulk orders and B2C orders seamlessly.”.

Resources 195

Resources Operations Marketing Branding 195

PYMNTS

JULY 27, 2018

intelligence experts are warning of the risks of major cyberattacks on the technology operating throughout businesses’ supply chains, according to BBC reports Thursday (July 26), raising alarms for enterprises that increasingly rely on software to function and interact with their business partners. A report by the U.S.

Community 104

Community US Software National 104

PYMNTS

APRIL 23, 2018

“We are committed to developing innovative, industry-leading technology that delivers practical supply chain intelligence solutions,” the firm’s vice president and general manager Clay Courville said in a statement. Most recently, Samsung said it is exploring distributed ledger technology to manage its supply chain and cut costs.

Management 100

Management Security Samsung blockchain 100

PYMNTS

SEPTEMBER 14, 2018

Meanwhile, B2B eCommerce stands on the cusp of other changes that go beyond Amazon’s increasing prowess — changes that promise to bring the supply chain and corporate procurement, long known as a paper-based beast, further into the digital economy. One example is blockchain.

United States 175

United States blockchain Comparison Software 175

PYMNTS

MARCH 27, 2019

The nation’s Groceries Code Adjudicator, Christine Tacon, announced earlier this week that a probe has found grocery chain Co-operative Group (Co-op) breached the Groceries Supply Code of Practice. According to Tacon’s report, a yearlong investigation into Co-op revealed systemic misconduct with the company’s supply chain.

Payments 141

Payments Compliance Training System 141

PYMNTS

SEPTEMBER 17, 2020

This new capital will allow us to accelerate our marketing initiatives while scaling our supply chain so that we can change even more people’s lives through the power of strength training," Tonal CEO Aly Orady wrote in a blog post. Tonal , a fitness company that sells what it calls "the smartest home gym," announced on Thursday (Sept.

Training 220

Training Exercises Capital Software 220

PYMNTS

FEBRUARY 6, 2020

Supply chain financing is a practice that has received a bit of backlash in recent weeks, with critics accusing some large corporates of forcing discounts on small suppliers to speed up payment. This is one way in which corporate legal departments are shifting how their C-suites view the function.

Payments 130

Payments Management Guidelines Industry 130

PYMNTS

JULY 16, 2019

The Bank of Montreal is collaborating with a FinTech on supply chain finance services. Reports in Crowdfund Insider said Monday (July 15) that Bank of Montreal (BMO) will integrate Demica technology to extend supply chain financing solutions to its own business customers.

America 100

America Community Tools Fintech 100

PYMNTS

SEPTEMBER 25, 2019

Oracle Debuts Supply Chain Virtual Assistant. Last week, Oracle announced an update to its Supply Chain Management Cloud solution with new features that include a digital assistant.

Analytics 147

Analytics Operations Software Technology 147