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Payment Trends
Supply chain managers today need to be asking how they can improve their company's financial health by squeezing more cash out of their supply chains
P-cards can drive savings to your company’s bottom line. So what’s holding you up?
Accounts payable teams missing early payment discounts, incurring late payment fees and reneging on payment, largely due to human error, Basware study finds
Up to $740 billion now unnecessarily tied up in working capital at the 1,000 largest public companies in the U.S., REL reports; top performers collect 17 days more quickly, have less than half the inventory
New J.P. Morgan report identifies opportunities for companies to broaden use of commercial card payments to improve working capital, increase rebates and pay suppliers sooner
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Payment News
Recognizes environmentally responsible businesses that are reducing their carbon footprints by eliminating paper from A/P practices; Mohawk Industries, Congoleum, OfficeMax highlighted
The Hackett Group cites chemical firm as leader in efficiency and effectiveness across corporate finance operations
Concur Breeze leverages direct data feed from American Express Commercial Card to help mid-market companies better manage cash flow, save time and improve efficiency
Aims to help China-based clients mitigate foreign exchange risk and streamline cross-border payments
Oil and gas company looks to connect with its suppliers electronically using joint solution including Basware's Invoice Automation and the Cortex Trading Partner Network
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