Today in B2B payments, Flowfy talks trade credit for fashion supply chains, and Citi introduces a real-time liquidity tool. Plus, VARStreet explores VARs’ eProcurement needs, Santander introduces new lockbox features for healthcare clients and Banking Circle collaborates on real-time payments.
B2B VARs (value-added resellers) are somewhat unique in that their workflows of purchasing items from brands must be closely tied to the flow of selling those items to business customers. Today, they must bridge eProcurement operations to their B2B eCommerce strategies, a task VARStreet’s Shiv Agarwal notes can be a headache with disparate systems and platforms.
Santander Bank, N.A.’s commercial banking division is collaborating with healthcare remittance provider Revenue Management Solutions on a receivables lockbox for its healthcare customers, per a Thursday (July 22) press release. The new product saves healthcare providers including hospitals, community health centers, clinics, diagnostic centers, life sciences organizations and pharmaceutical companies time and costs by automating their revenue cycles.
FinTech startup Banking Circle is tapping SIA, a subsidiary of CDP Equity, to handle its real-time payments service in Europe, The Green Sheet reported on Thursday (July 22). Headquartered in Milan, Italy, SIA is among the European leaders in developing and managing technology infrastructures for financial institutions, businesses and central banks. The company specializes in card and merchant solutions, digital payments and more.