Today in B2B payments, SellersFunding’s B2B BNPL platform boosts SaaS, agency and enterprise vendor partners, while Stord debuts a supply chain commerce platform. Plus, the medical supply industry is entangled by mismatched payments preferences.
Mismatched Payments Preferences Create Medical Supply Mess
The healthcare industry is falling behind others in payments digitization, especially when it comes to the procurement of bulk medical supplies and equipment.
While suppliers tend to prefer automated clearing house (ACH) and direct deposit payments, their customers still make up to 85% of their payments by check or other paper-based methods, according to “B2B Payments in Healthcare Tracker,” a PYMNTS and American Express collaboration.
The inevitable errors and late payments that result from using legacy payment methods can cause frictions between business partners. These problems can be alleviated through automation platforms that digitize the entire process , from procurement to payments.
SellersFunding Launches B2B BNPL Platform for SaaS, Agency and Enterprise Vendor Partners
SellersFunding, the FinTech provider for eCommerce brands, has rolled out a new B2B buy now pay later (BNPL) product, adding new solutions for software-as-a-service providers, agencies, enterprise vendors and others, in order to offer their customers BNPL options.
Customers will be able to select up to 12 months of interest-free payments. Services will be offered digitally so that companies can implement them quickly.
The release noted SellersFunding’s new services will help companies get past cash flow boundaries stopping them from tapping into the services they could use to help their business.
Supply Chain Firm Stord Debuts Commerce Platform
Supply chain company Stord is growing its cloud supply chain offerings with Stord One Commerce. The software platform is vendor- and sales channel-agnostic, and is designed to help customers connect, orchestrate and optimize their supply chains.
“Most brands still struggle to piece together disparate logistics solutions and disconnected technology across providers, resulting in siloed data, costly software implementations and complex integrations,” a press release said. “Stord One Commerce connects to brands’ existing systems through a marketplace of 100+ standard integrations, from [enterprise resource planning (ERP) systems] and online marketplaces to retail partners and warehouse management systems, providing an unmatched ability to analyze and optimize their processes from one platform.”
The Atlanta-based company said the new offering gives B2B, B2C and omnichannel brands access to features such as deep order management and orchestration, inventory management and planning, business intelligence and analytics, in a single system.
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NEW PYMNTS SURVEY FINDS 3 IN 4 CONSUMERS WITH STRONG DEMAND FOR SUPER APPS
About: The findings in PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy,” a collaboration with PayPal, analyzed the responses from 9,904 consumers in Australia, Germany, the U.K. and the U.S. and showed strong demand for a single multifunctional super apps rather than using dozens of individuals ones.