B2B payments today: Onit, Linear, Yooz
Today, in B2B payments, Onit explores the tightening of corporate legal spend management and Linear reflects on the changing landscape of small business lending. In addition, Veem expands its local payment service to small businesses in Canada, Yooz launches its accounts payable software in Ireland and Chaser introduces a B2B installment payment tool.
Bringing down the hammer on excessive corporate legal spending
When legal departments receive stacks of complex legal invoices that are five feet high, approving these invoices for accounts payable (AP) services becomes much easier than reviewing fees for compliance and accuracy. . Onit CEO Eric M. Elfman explains the growing problem of excessive and misguided legal spending, which will increase as corporate legal budgets increase.
Small Business Lenders Find New Paths to Funding Bounce
The expectations of small business borrowers in a post-COVID environment can be difficult for banks and alternative lenders. Fortunately, FinTech innovation has opened up new avenues for small businesses looking for capital. Linear CEO Sam Graziano says the current climate has opened up new avenues for lenders to reach borrowers.
Veem expands its local payment service for SMEs in Canada
The online payment provider Veem ad on Wednesday June 2 that it had extended its toll-free domestic payment service to Canada. Known as Veem Local for Canada, this tool includes electronic funds transfers and offers Canadian businesses – Quebec included – a simple and complete solution for payments between provinces and territories. Features include no funds cap, payment workflow solutions, integrations with QuickBooks and Xero, and free features like invoice capture and a multi-level approval flow.
Yooz deploys new AP software in Ireland
Yooz has launched its automated accounts payable (AP) Yooz Rising offering in Ireland, according to a ad. The software, used by more than 1,000 organizations, has also been deployed in France, the United Kingdom and the United States. It offers buy-to-pay automation to all businesses in Ireland, regardless of size, industry and volume of paperwork. Yooz Rising is a comprehensive offering that meets the three essential requirements of modern organizations, according to the announcement. It is supposed to provide live automation from any location and anytime, with the aim of providing resiliency and continuity with full traceability and security.
Chaser launches installment plan options for B2B customers
Accounts receivable (AR) automation software company Chaser has deployed a payment plan feature that allows users to offer installment payment plans to their customers and automatically search for payments on those installments during periods that they are. they can set, according to a Wednesday, June 2. ad. “The pandemic and the current global economy have made it increasingly difficult for businesses to afford. Our team felt that offering this feature would help remove barriers that could make payment for businesses more difficult. By giving our customers the ability to offer payment plans, they help their own customers to be able to repay them more easily, ”said Chaser CEO Sonia dorais said in the ad.
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