In the News

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10/23/2019
Digital Transformation for Manufacturers

We live in an age of digital transformation. Organizations can innovate, or become obsolete. This is especially true in manufacturing as the vertical continues to move closer to Industry 4.0. Technologies like machine learning, artificial intelligence and the Internet of Things (IoT) are being leveraged by SMB and Enterprise manufacturers alike to build digital-focused business models.

In fact, a recent report found global spending on digital transformation technologies across several industries will reach $6 trillion over the next four years. With so much focus on digital transformation, it’s imperative that manufacturers get on board in order to optimize processes and increase growth.

A good place to start is moving to a digital B2B payments model. Transitioning away from paper invoices and paper checks helps manufacturers provide customers with transparency across all channels, reduces costs and allows manufacturers to compete on a global scale. According to a recent article, 43.8% of invoices are still delivered via fax machine and 72.4% arrive via postal mail. If manufacturers want to aggressively compete with marketplace giants like Amazon, introducing digital payments and replatforming is imperative.

Digital B2B payments like Credit as a Service® support an omni-channel sales strategy as it can easily be integrated into eCommerce platforms, POS systems, legacy ERP, CRM and bank systems. And, manufacturers are able to provide contract pricing by customer down to the SKU level, across geographies with dynamic pricing.

Now, more than ever, it’s crucial that manufacturers focus their efforts on digital transformation in order to scale operations and increase sales. Ready to learn more? Request a demo now.

 

In the news

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11/19/2019

OVERLAND PARK, Kansas, November 19, 2019 -- MSTS, a global B2B payment and credit solutions provider, today announced Watson Fuelcards, part of WFL (UK) Limited, the UK land business of World Fuel Services, ha

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11/08/2019

SINGAPORE, October 2019 -- Every online marketplace needs a progressive ecosystem of support services to function, and choosing the right providers can be crucial to the success of a marketplace business.

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11/08/2019

Springfield, MO - October 30,  2019 -- Classy Llama, a full service eCommerce agency, has joined with MSTS as a partner to provide merchants an alternative payment and credit solution.

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11/01/2019

Martha Salinas is the Chief Customer Officer at MSTS, a global FinTech company in the B2B payment space, based in Kansas City with operations around the world.

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10/30/2019

Julia Terenjuk is the co-founder and CEO of Creative Capsule. Under her leadership, Creative Capsule has experienced healthy growth and has built a reputation as a trusted provider of high-quality software development services.

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10/23/2019

We live in an age of digital transformation. Organizations can innovate, or become obsolete.

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10/19/2019

Jessica Powell is the Director of Experiences at Kansas City Startup Foundation.