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!
SAP Ariba Partners with Barclaycard on Corporate Payments
Last week, SAP Ariba, the Palo Alto-based provider of the Ariba Network and source-to-settle solutions platform, announced a strategic partnership with Barclaycard Commercial Payments, part of Barclays Bank PLC. The partnership will see Barclaycard integrate its B2B payment product, Precisionpay, into SAP Ariba solutions. The integration will become available later this year and will bring procurement and payments together within the Ariba Network. This will provide users with a seamless end-to-end P2P experience. Precisionpay Bank Transfer, which will be the first Barclaycard product to launch within the Ariba Network, will allow buyers to pay suppliers earlier in the procurement cycle. Buyers could also benefit from access to working capital. Instead of paying suppliers directly, Barclaycard could fund payments, allowing buyers more time to pay the balance, and suppliers to get paid promptly, improving their cash flow.
Corcentric Acquires E-Billing Provider Netsend
Last week, Corcentric Inc., the New Jersey-based provider of financial process automation and procure-to-pay (P2P) solutions, announced the acquisition of Netsend Ltd., a London-based provider of electronic billing, invoicing, and document distribution services. This news marks Corcentric’s expansion into the global e-billing market as a SaaS provider, and follows the company’s acquisition of Determine Inc., which we covered here. Through this acquisition, Corcentric will be able to improve its business offerings and help the company reach new, global markets. Netsend allows companies to securely send documents electronically. Corcentric will be able to provide additional infrastructure and resources needed to help Netsend grow the business. Financial terms of the transaction were not disclosed.
Bottomline Technologies Partners with UMB Bank on New Payables Solution
Bottomline Technologies, the cloud-based business payment, invoice, and digital banking solution provider, headquartered in Portsmouth, New Hampshire, has announced a new partnership with UMB Financial Corporation that will allow UMB to offer Bottomline’s Paymode-X with Visa Payables Solutions to its U.S. commercial customers. The Paymode-X service will help UMB commercial customers automate manual payment processes by providing access to integrated payables capabilities through the Paymode-X network, which has more than 400,000 member businesses currently. Commercial card growth has been a priority for UMB Bank, and offering Paymode-X with Visa Payables Solutions will help continue with that.
EZBilling360 Launches New Cloud Invoicing Platform
Last week EZBilling360, the New Jersey-based eInvoicing and business management software provider, announced the launch of a new cloud-based SaaS platform. EZBilling360 employs an interactive dashboard model that allows users to take action in real-time and provides benefits like revenue analysis, employee productivity widgets, summaries of expenses, as well as the ability to see total amounts of open invoices. Some of the features include automated billing with full integration and convenience of PayPal, payment tracking to see outstanding balances of clients. EZBilling360 also provides a powerful Client Portal which will allow clients to view and manage their entire account, including paying for invoices via PayPal, Authorize.NET or STRIPE, and viewing all outstanding invoices and balances while seeing payment history and methods.
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