In the Press
Smooth cash-flow operations will be essential for manufacturers to successfully navigate a challenging economic period. Among the tools that promise to help manufacturers strengthen their cash-flow operations are order-to-cash (O2C) solutions that quickly deliver payments to manufacturers, as well as provide greater transparency, data and payment flexibility to distributors on the other end of the transactions.
B2B retailers are in a constant struggle with cart abandonment. While sellers may be quick to point fingers at the product or blame customer indecision, it’s quite often outdated payment processes that leave buyers unsatisfied and running to the competition.
MSTS President Brandon Spear talks all things company history and future plans with the Kansas City Business Journal.
Stabilizing cash flow and cutting costs will free up funds to fuel expansion, and there are many non-traditional options to help women-owned businesses make that happen. Here are four ways women entrepreneurs can grow their companies by considering alternative payment and credit options.
Let’s hear it for the girls: The number of female-run businesses is up 21%. In the fight for gender equality, this steady climb is welcome news. But when you focus on gender-based discrepancies within the venture capital space, there’s still plenty of work to do. Currently, less than 3% of venture capital investment funds female-fronted companies.
There’s good and bad news for women in the venture capital space. On the one hand, women-led businesses have increased by 21%. But on the other hand, less than 3% of venture capital investment is funding women-led businesses. Moving into 2020, it’s time for women to turn the tides and take advantage of everything the venture capital world has to offer.
B2B payment processes are outdated and inefficient — and customers are noticing. Nearly half of all B2B buyers have not completed a purchase because their preferred payment method wasn’t an option. Left unsatisfied, customers are quick to abandon their carts and shop elsewhere.
Managing supply chains and B2B payments means firms have to navigate complex order to cash (O2C) cycles. Brandon Spear, president at MSTS, tells Karen Webster that automating processes across procurement and invoicing, and embracing credit as a service, can help reduce the challenges of managing cross-border commerce.
How to avoid the friction that comes when buyers want to pay as late as possible, and suppliers want to get paid right now? Brandon Spear, president of MSTS, tells Karen Webster that part of the key to harmonious B2B payments lies with standardizing payments, money flows and invoicing.