Today in B2B payments, Ollie Order discusses the regulation-fueled B2B payments challenges of the alcoholic beverages industry, and Veem debuts new invoicing and accounts receivable solutions. Plus, Frontline Managed Services explores the challenges of legal services invoicing, Soldo raises $180 million and Windward connects maritime data to trade finance workflows.
Placing a monetary value on any service can be a challenge, but in corporate legal services, disputes over what was billed, how the invoice was presented and whether that cost accurately reflects contractual agreements can create a challenging gray area in accounts receivable. Frontline Managed Services Senior Vice President and General Manager of Financial Managed Services Mike Ferdman explored the legal services’ path toward digital invoicing and electronic B2B payments acceptance.
Soldo, which works in corporate payments and expense management, has wrapped up an $180 million oversubscribed Series C funding round. Singapore-based Temasek headed up the fundraise, according to a Wednesday (July 21) announcement. With the funding round, Soldo said it can keep speeding up product development and market growth throughout Europe’s $170 billion addressable market. The round comes on the heels of Soldo wrapping up a $61 million Series B funding in July 2019.
Windward, which provides artificial intelligence (AI) solutions for the maritime industry, rolled out Container Insights to offer in-the-moment screening and monitoring of containers and Bill of Lading (BOL) verification. The functionality enhances Windward’s present Cargo Insights offering, according to a Wednesday (July 21) announcement. Container Insights optimizes and bolsters the efficiency of screening workflows for trade finance transactions. As it stands, just over half of the $12 trillion dollars of seaborne trade is transported by the way of containerized goods, according to the announcement.
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