B2B Payments Today: AR’s Influence Over Faster B2B Payments; Proactis Invests In Spend Management Infrastructure
Today in B2B payments, Gaviti discusses accounts receivable’s influence over faster payments, and Proactis invests in its spend management technology. Plus, Engage Mobilize explores blockchain’s potential in industrial procurement, B2Z launches a suite of insurance products for small businesses and Recognise Bank partners with Mambu.
Industrial spaces like the oil and gas sector have some of the most complex procure-to-pay workflows of today. In pursuit of streamlined data coming from remote regions and efficient B2B payments across borders, these markets may find increasing value in blockchain technology, says Engage Mobilize CEO Rob Ratchinsky.
Online business insurance company B2Z Insurance has rolled out a new suite of insurance policies for small and medium-sized businesses (SMBs), including a business owners policy, cyber insurance and more, according to a press release. Other features include professional liability, hired and non-owned automobiles and workers’ compensation, the release stated. The business owners policy goes beyond general liability and covers buildings, structures, customer injuries and more, according to the release. Cyber insurance offers help for SMBs to pay for customer notification, fraud monitoring, legal fees and system damage.
Recognise Bank, a British venture that was given a banking license in December, is working with Mambu, a Software-as-a-Service (SaaS) cloud banking platform, to provide an online banking platform for small- to medium-sized businesses (SMB) customers, according to a press release. Recognise’s approach to serving the sector will be to provide cutting-edge technology for customers and a level of personal service made possible by capping the number of clients that can be assigned to each relationship manager, the release stated.