June 22, 2015
To this day, B2B payments are known to be inefficient and expensive. Paying invoices and moving funds across borders for small and medium business (SMB) is costly and full of uncertainties. Customers believe that there is an immense need for streamlining of settlement and reconciliation of business commerce. At present, the challenges are poor working capital optimization, zero cash visibility and friction in buyer-supplier relations.
In this article, we discuss six companies that are coming up with innovative services addressing the $250-billion B2B payments market.