In the Press

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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.

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It can be easy for industry leaders to lose sight of where they started or how they might inspire those who hope to achieve similar success. However, those who donate just a little bit of time and money can help startups get off the ground while also reaping potential dividends along the way. 

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MSTS is out with a new report on B2B sellers and buyer payment preferences. There are valuable insights and solutions to some of the challenges faced by B2B sellers, but one statistic shocked me.

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B2B buyers will spend more—and choose different online sellers—based on whether they can use their preferred payment methods, according to a June 2019 survey of 300 buyers by MSTS, a financial technology provider serving B2B companies involved in transportation, manufacturing, retail and ecommerce.

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Despite the fact that the number of women-owned businesses increased by nearly 60% from  2007 to 2018, a recent study found that a lack of capital or cash flow is still one of the top challenges facing women in business today.

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Remain relevant and continue to scale, despite the decline of in-store shopping, by reinventing your brand in the B2B space. Catering to both B2C and B2B buyers can help pave the way for additional revenue.

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If you’re a typical SMB, one of your biggest challenges is managing B2B accounts receivables (AR) and slow-paying clients, particularly when you offer net 30- to net 60-day terms of payment. Learn how Credit as a Service is growing in popularity to tackle this issue head on. 

 

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To help businesses become more efficient when it comes to handling finances, FitSmallBusiness gathered different financial streamlining tips from experts.

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While it may lack the sexiness found in the consumer space, B2B payments are experiencing their own form of transformation. 

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Thanks to the emergence of advanced tech, a level playing field may be closer than it seems.

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