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Slashing Ambiguity In The B2B Partnership Payments Process

PYMNTS

Negotiating and fulfilling contracts, determining the effectiveness of partners, and, not least of all, paying those partners properly is a process full of ambiguity and a lack of automation. One reason is because there is a lack of clarity and automation in the way businesses measure the effectiveness of a business partner.

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Oil & Gas Has No Room For Late B2B Payments

PYMNTS

. “The cost of late payment of invoices can run into the millions if a vessel cannot depart due to late arrival of goods or labor forces refusing to board due to nonpayment of invoices,” the director noted, adding that both upstream and downstream payment processes need to be covered. . ” .

B2B 40