In the Press
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B2B payment processes are outdated and inefficient — and customers are noticing.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.
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.
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.
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.
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.