Key facts and stats from Deloitte's B2B payments research, which found compelling evidence for the improved efficiency and cost effectiveness of digital and card payment functions.
Thomson Reuters Elite, part of Thomson Reuters Legal, today announced that it has formed a new Integration partnership with global technology provider Fraedom. Fraedom’s SaaS solution helps control the depth and breadth of indirect spend by integrating travel and expense management technology with business-to-business payments technology - all through one platform.
We’re hearing all too often in the media about corporate cards being misused by employees. Only this week, there was another story in the Australian press about an employee facing allegations of fraud. With this type of media scaremongering on a seemingly regular basis, who can blame companies for taking a tough stance on corporate cards? It doesn’t have to be this way though.
No one likes dealing with expenses, and it’s no wonder really. They’re a pain for all concerned, and if you could solve the problem you’d be in for some serious brownie points…
Research conducted by Deloitte on B2B payment trends found compelling evidence for the improved efficiency and cost effectiveness of digital and card payment functions. The study was conducted on 150 medium to large organisations, all of which make B2B payments.
Virtual payment cards are the future for businesses. They provide an innovative payment vehicle that lets businesses easily and safely pay suppliers in seconds with no paperwork, manual reconciliation or cumbersome processes but with all the checks and controls they need. But is this payment method as well received as it should be?