News

The financial services market continues to innovate with the announcement of a joint venture between two prominent players: HSBC, the London-based financial services organization serving more than 40 million customers, and Tradeshift, a leading B2B business commerce platform with customers operating in more than 190 countries. An agreement lays out plans to launch a new, [...]

Tradeshift, the San Francisco based provider of supply chain payments and marketplaces, yesterday announced the acquisition of Babelway, a provider of cloud integration technology. Babelway, which is headquartered in Belgium, with offices in the US, Australia, and Egypt, offers a SaaS-based integration platform that automates B2B data and documents. The solution allows organizations to automate [...]

Yesterday, Drillinginfo, an Austin Texas-based SaaS and data analytics provider to the energy industry, announced the acquisition of Oildex, a leading oil and gas financial automation software provider. It is the first acquisition by Drillinginfo since the company was itself acquired by Genstar Capital, a San Francisco-based private equity firm back in July. Terms of [...]

BMO Financial Group (BMO), the Canada-based financial services provider, recently announced a new partnership with Conferma, a global fintech company specializing in virtual payments across all B2B sectors. Last week, the Ardent Partners ePayables research team sat down with Steve Pedersen, Head of North American Corporate Credit Card Products at BMO, to discuss the new [...]

Today, Oildex, has announced the release of a new product entitled OpenTicket. The Payables Research Team at Ardent Partners met up with Oildex Chief Marketing Officer, Mike Donaldson, to discuss the new release, the strategy behind the new name, and some of the new features and processing improvements. Below is a recap of our discussion. [...]

Sovos, a global provider of tax compliance and reporting software, on Thursday announced the acquisition of TrustWeaver, a provider of cloud-based invoicing compliance, auditing, and global Value-Added-Tax (VAT) services through electronic signature-based solutions. The acquisition extends Sovos’ eInvoicing coverage to 60 countries globally. We met with Sovos’ Chief Marketing Officer, Eric Olsen, and Senior Manager [...]

The Ardent ePayables Research team recently met with Karla Friede, CEO and Co-Founder of Nvoicepay, Nilay Banker, CEO of Inspyrus, and Chris Preston EVP & Chief Marketing Officer at Inspyrus to discuss the companies’ recent partnership to streamline invoice processing through to payment and reconciliation. We discussed some of the reasoning behind the new partnership [...]