Today in B2B payments, PYMNTS rounds up B2B’s Greatest Hits of 2021, and the SBA proposes a new definition of small business. Plus, Aptys eyes how banks can help firms modernize B2B payments, Emburse enhances its expense management tools and OneTeam Capital collaborates on small business lending.
ACH plays an integral role in modernizing B2B payments, but as the payment rail evolves to support faster transactions, corporates’ financial service providers must keep up. Aptys’s Naseer Nasim and Eric Dotson explore how to help banks mitigate the risk of Same Day ACH.
Expense and accounts payable (AP) automation provider Emburse rolled out Emburse Audit to help organizations make sure that expense reimbursement is correct and adheres to policy, according to a Wednesday (May 26) announcement. The offering brings together machine learning (ML) and a workforce of human auditors to save time, get rid of wasteful spending, ensure compliance and decrease fraud, the announcement stated. Emburse CEO Eric Friedrichsen described Emburse Audit as an intelligent offering that joins intelligent technology with “independent human verification.”
OneTeam Capital has entered into an agreement with Linear Financial Technologies, for more help for small businesses in need of working capital solutions, a press release said Wednesday (May 26). OneTeam Capital works in customized working capital solutions for small and medium-sized businesses (SMBs). It has a network of partners working in fields like underwriting and credit analysis. Linear, formed in February this year, works in digital account origination, helping to simplify borrowing and account opening along with loan and deposit origination workflows.