Today in B2B payments, Curate discusses florists’ business model opportunity, and BNY Mellon enhances liquidity management for treasurers. Plus, DataRails discusses the value of spreadsheets for FP&A, SutiSoft enhances its expense management chat bot and small business shippers are facing rising freight prices.
The spreadsheet has earned a bad reputation in corporate finance, but for chief financial officers and financial planning and analysis (FP&A) managers, the spreadsheet has critical capabilities that are proven to work. Didi Gurfinkel, co-founder and CEO at DataRails, explains how to elevate the effectiveness of the spreadsheet to cut down friction and drive modernization in the finance department.
The SutiExpense chatbot, a product of business software company SutiSoft, has introduced new functions to bolster the user experience. The functionalities can assist users with sending their expense reports in a simple manner, according to a Wednesday (June 23) announcement. Users can use voice commands to affix receipts to their expense reports or expense line items. In addition, users have the ability to begin the conversation again whenever they would like by asking with their voices. Moreover, help tutorials give users a full summary of the chatbot and assist them in making sense of the important functionalities that the chatbot supports.
A confluence of factors has turned the shipping industry on its head, leaving small and medium-sized businesses (SMBs) feeling pinched, according to a new report from the Global Trade Review. Those factors include a global container imbalance, COVID-related port disruptions and a “still wobbly supply-demand curve” caused by economies recovering at different rates. As a result, SMBs have begun to find themselves priced out of trade.