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!
Coupa Partners with Stripe to Simplify B2B Payments
Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM), today announced that its Coupa Pay offering will integrate with Stripe, the San Francisco-based online payments platform. This will make virtual card payments simpler and faster for businesses that use the Coupa BSM Platform. Through Coupa’s integration with Stripe, suppliers will soon be able to register their Stripe account with Coupa Pay as their preferred virtual card acceptance option. Doing so helps enable seamless processing of the payment. When a virtual card payment is sent by Coupa to a supplier registered with Stripe, the payment is made directly into the supplier’s bank account with no manual intervention. By eliminating the reconciliation work, the new Coupa Pay solution will reduce the time and effort required by suppliers to accept virtual card payments.
Procurify Raises $20 Million in Round of Funding
Procurify, a Vancouver, B.C. startup that makes cloud-based software to help companies manage their spending, announced that it has raised $20 million to expand internationally and invest more in its sales and marketing. The Series B round brings Procurify to $30 million in lifetime funding. Information Venture Partners led the round, which saw contributions from Runa Capital, HarbourVest Partners, Manulife, and Kensington Capital’s BC Tech Fund. Procurify’s cloud-based, AWS-hosted SaaS offering, enables corporate customers to manage organizational purchasing and procurement with features like digital purchase order submission, accounts payable automation, and more. Procurify’s purchasing workflows enable managers to address item requests and purchasing and receiving, and to match invoices to orders for payments as they come due.
Infor Partners with Linklogis to Deliver Supply Chain Financing Solutions
Infor, a global leader in business cloud software specialized by industry, announced a new partnership with Linklogis, which will leverage the Infor Nexus platform to power a suite of financial service solutions designed to reinforce the supply chains of small and medium-sized upstream suppliers. Linklogis is a China-based supply chain financing service provider that utilizes advanced technology including big data, AI and blockchain to strengthen cross-border supply chains for large and medium-sized enterprises. Infor Nexus is a B2B supply chain platform that provides real-time visibility and predictive intelligence through an end-to-end collaborative network. The new partnership between Infor and Linklogis will open Infor Nexus’s SCF fintech solutions to a host of new suppliers, bringing both parties together in their mission to deliver technology-driven supply chain financing solutions that will help suppliers expand their reach. Linklogis and Infor are working together to mitigate risk and reduce costs in the supply chain.
Download the State of ePayables 2019 Report
We are excited to announce the publication of Ardent Partners’ 14th annual State of ePayables research report. The theme of this year’s report is “Driving Value in the Age of Intelligence”. This report presents a comprehensive, industry-wide view into what is happening in the world of accounts payable today, by drawing on the experience, performance, and perspective of AP and finance executives. Click here to download your copy today!
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