Ardent’s P2P Technology Round-Up returns today with another assortment of ePayables, P2P, and B2B payment solution provider news and updates from the past week. If you are an Accounts Payable, B2B Payments, or Spend Management solution provider and you have news to share with us, please drop us a note at editor at cporising dot com. Thanks, and enjoy!
Tipalti Announces Integration Updates with PayPay for B2B Payments
Tipalti, a global payables automation platform with headquarters in San Mateo, California, this week announced upgrades to its PayPal services offering to help its customers complete payments to their suppliers on PayPal with little effort. PayPal payments are now in the Tipalti platform, providing an integrated approach for payouts, the same as wires, ACH, eCheck, etc. The enhanced integration will allow for greater control and messaging exchange for partners. Tipalti is looking to be a single source of control over both PayPal and traditional bank-based payments. Payees who work with Tipalti customers can also choose to get paid in local currency directly to their PayPal account during the Tipalti onboarding process.
Wipro Launches New AI-Powered Solutions on Amazon Web Services
Earlier this week Wipro, an Indian multinational information technology, consulting, and business process services company, announced the launch of its artificial intelligence and machine learning solutions on Amazon Web Services (AWS). Clients will benefit from the strength of Wipro’s AI and Automation platform, Wipro HOLMES, combined with AWS’ AI and ML services. As a part of the collaboration with AWS, Wipro’s solutions like Wipro HOLMES Machine Learning for Accounts Payable Auditor, will be powered by AWS. The new on-demand solutions will govern critical supply chain processes, and help increase operational efficiencies for enterprise clients. The AI and ML solutions that leverage Wipro HOLMES and AWS SageMaker can help customers apply AI technology to procurement, supply chain, compliance, and other domains. The Wipro HOLMES Machine Learning for Accounts Payable Auditor solution will help users audit vendor payment transactions to help identify outliers and prevent leakage.
Accenture, Others Form Blockchain-Based Sustainable Supply Chains Initiative
Also on February 25, Accenture, one of the world’s largest auditing, management consulting, and technology integration firms, announced that it has partnered with Amazon Web Services (AWS), Everledger, MasterCard, and Mercy Corps on a Blockchain-based program to foster sustainable global supply chains. While Accenture, Amazon, and MasterCard are household names, Everledger and Mercy Corps are lesser-known entities. Everledger is a London-based Fintech and Blockchain solutions provider, while Mercy Corps is a Portland, Oregon-headquartered non-governmental organization that provides humanitarian assistance to impoverished and or war-torn communities. Together, the five parties have been working on a Blockchain-based digital solution meant to improve the lives of those who contribute to and, frankly, rely on the world’s many different supply chains to survive.
Blockchain is the bedrock of what Accenture calls its “circular supply chain capability,” which provides retailers, manufacturers, and small farmers and manufacturers with several key features meant to increase transparency and control, and improve the lives of local producers: traceability/visibility across supply chains, inventory management tools, digital identity and payment technologies, and greater, more direct access to consumers. Retail and manufacturing companies can use track and trace capabilities integrated with the Blockchain to establish product provenance (point of origin) and monitor the flow of goods and commodities across supply chains, as well as inventory management tools to help them reduce waste (like food and other perishable products). It can help local farmers, miners, and other small producers access consumers directly and sell their products without having to work with third parties. And with a bar code scan, it can help consumers reliably access small, local, and or artisanal producers in order to purchase sustainable products and support local economies.
Supply Chain Just Got RATIO’d: BLOCNETS Launches Blockchain-as-a-Service
And in a final bit of news, BLOCNETS, a Georgia-based start-up and provider of intelligent, Blockchain-based supply chain applications, announced the release of RATIO, its flagship Blockchain-as-a-Service (BaaS) for supply chain management. RATIO leverages SAP Leonardo technology (itself based on the Hyperledger Fabric, IoT, machine learning, and data analytics) to provide enterprises of all sizes the visibility, trust, and control that they need to operate throughout their extended supply chains. Users can conduct a host of activities on RATIO, including but not limited to the tracking of products and assets as they move across the supply chain; receive and review product information, and validate product authenticity; automatically encrypt product and transactional data as it moves from point to point (becoming another block in the chain); and searching each block for specific item numbers, key words, or other search terms. RATIO is available now for a 60-day trial.
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