Today in B2B payments, Transcard explores how corporates can derive value from real-time payments, and Thryv launches small business payments and financial management tool. Plus, FinLync explores treasurers’ evolution in a real-time ecosystem, controversy arises over Massachusetts cannabis business costs, and ENGAGE adds eInvoicing to its industrial management platform.
Open banking has unlocked the power to access data in real time for treasurers. Knowing what to do with that ability isn’t always a straightforward process. FinLync Chief Technology Officer Peter Klein says treasurers must embrace a mindset shift to participate in an economy of real-time payments, data and insights.
Contending that some local governments create obstacles in a system that requires mandated contracts between municipalities and cannabis businesses, proponents, past regulators and legislators are calling for a legislative committee to offer additional supervision over these required agreements, the Worcester Business Journal (WBJ) in Massachusetts reported Tuesday (May 11). Much controversy has surrounded so-called “host community agreements,” with industry members claiming for a long time that talks between municipalities and cannabis businesses are many times single-sided as local governments have all the negotiating might.
FinTech ENGAGE, which streamlines industrial workflows, has launched ENGAGE E2E (end-to-end) to help digitize the end-to-end financial transaction process, according to a press release. The new technology will merge eInvoicing with ENGAGE’s eTicketing program. That will allow companies to merge software, get rid of redundant processes, automate workflows and more, the release stated. The platform was developed through a partnership between ENGAGE and EP Energy, which has worked to do away with the industry’s old-style workflows, according to the release. The partnership will use ENGAGE’s eTicketing software to validate transactions. The two companies also worked on developing an eInvoicing software.
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