Today in B2B payments, HR Path discusses a back-to-basics approach to payroll, and Tide helps small businesses mitigate the late payments pain. Plus, BillingPlatform discusses the role of accounts receivable (AR) in supporting business model shifts, Thryv and Mastercard help digitize small businesses and OnPay collaborates for accounts payable automation.
Subscription and usage-based business models are growing in popularity as B2B firms switch from product to service-based offerings. But aligning accounts receivable to handle a dramatic change in billing strategy requires unlocking data from silos, as BillingPlatform CEO Dennis Wall explains.
Thryv Holdings, Inc. will become a part of the Digital Doors initiative from Mastercard and co-sponsor a small business online instructional series as part of a collaboration, according to a Thursday (May 6) announcement. “We are providing digital tools and education for small businesses at a critical time as they attempt to emerge from the pandemic,” Matthew Gourgeot, head of corporate and business development at Thryv, which provides software and automation to small to medium-sized businesses (SMBs), said in the announcement. “Modernizing the way these businesses operate is crucial to meeting consumer expectations.”
OnPay Solutions, an accounts payable (AP) automation solutions provider, will partner with ProVantage Software to work on automating paper-based processes, a press release said on Thursday (May 6). “We are excited to partner with ProVantage to help their clients streamline their supplier payments,” said Neal Anderson, CEO and president of OnPay Solutions. “Our mission is to empower people to improve the lives of accounting departments globally. We are thrilled to collaborate with ProVantage to provide additional tools to help accomplish that mission by eliminating paper invoices and payments in accounts payable.”