Today in B2B payments, Allica Bank touts the value of small business banking relationship managers, and Rho announces $100 million in funding. Plus, Ardius discusses unlocking R&D tax credits, Barclaycard debuts a new cashback card for SMBs, and ancora Software collaborates on source-to-pay automation.
A mix of complicated regulations and a lack of resources to dig into the numbers have made the U.S. government’s R&D tax credit opportunity unattainable for many smaller firms. Ardius Founder Joshua Lee and BizDev/Partnerships Janice Orlando explain how to unlock the books for a much-needed financial boost.
With small businesses reportedly optimistic in the face of loosened pandemic restrictions, Barclaycard has introduced a credit card designed to help them. The British credit card provider said Wednesday (April 28) its Payments Select Cashback card is designed to reward businesses for spending as the economy reopens following more than a year of uncertainty. The card provides 1 percent cash back on eligible purchases to small businesses with a turnover of 10,000 pounds and 6.5 million pounds, “providing support and rewards to help businesses prosper after a hard year.”
Process automation provider ancora Software is collaborating with source-to-pay and supply chain transformation firm excelerateds2p to supply a component of a new application called Intelligent Invoice Express (IIE), according to a Wednesday (April 28) announcement. “We are very excited to be working with excelerateds2p,” ancora Software CEO Noel Flynn said in the announcement. “They meet our strategic partner profile perfectly.”