Today in B2B payments, Hippo’s CFO embraces a workflow overhaul, and Capital One teams with Melio on accounts payable solutions. Plus, MessageDesk and Sphere discuss text-based invoice-to-pay, FourQ debuts intercompany financial management tools, and Credijusto acquires a bank to service cross-border SMBs.
Text messaging wasn’t initially designed for business users, but the technology has become a key strategy to closing the gap between an organization and its customers. Sphere’s Ryne Natzke and MessageDesk’s Clint Vernon explore the opportunity for accounts receivable workflows to make the leap to text messages and narrow the gap between invoice and payment, too.
Mexican financial technology firm Credijusto has purchased Banco Finterra, a bank that is geared toward financial offerings for small companies and the agriculture industry, according to a Tuesday (June 15) announcement. Credijusto says it’s the first Mexican FinTech to buy a regulated bank, transforming itself into Latin America’s only neobank concentrated on working with small to medium-sized businesses (SMBs).
FourQ has rolled out a partner program intended for tech providers, consulting firms and professional services firms for tax, billing and vendor payments solutions to help with intercompany financial management, a Tuesday (June 15) press release said. The release said the program will do away with the complexities involved with conducting global business. FourQ processes more than $34 billion annually in 110 countries working on automated intercompany processing.