Today, in B2B payments, Mastercard collaborates with SAP Concur in the Asia-Pacific region, while the US “Buy American” purchasing strategy raises questions. In addition, the UK considers responsibility for corporate accounting, E2open goes public and Greensill Capital presses pause the latest financing initiative.
Mastercard, SAP Concur Team on APAC expenses, invoice management
Large payments mastercard and former expense management player SAP Concur are jointly offering an expense and payment management package to companies operating in the Asia Pacific region (APAC), the two companies announced in a statement. the press. Mastercard said in the statement that the partnership offers “transaction solutions along with closer alignment between commercial card operators and their customers”
Amazon businesses may prevent ‘Buy American’ takeover push
President Joe Biden’s January 25 initiative to get federal agencies to buy more from U.S. manufacturers is likely to conflict with the Amazon government’s recent selection for small-scale purchases by federal officials because Amazon is increasingly turning to foreign manufacturers, said an opinion article in Fortune magazine.
The UK can make corporate directors responsible for accounting
The UK is considering making corporate directors responsible for the accuracy of its companies’ financial statements, with an official proposal to this effect as early as this week, the Financial Times (FT) reported. The British government is considering assigning the new responsibility, which could take the form of exposure to fines or prohibitions on certain commercial activities, to directors as part of its response to accounting scandals in the UK and Europe. FT cited accounting problems revealed at the companies Carillion and Patisserie Valerie as examples.
Supply Chain Manager E2open goes public via SPAC
Supply chain management company E2open went public on Friday (February 5) through a merger with a special purpose acquisition company (SPAC), according to a press release. The resulting company, ticked by the New York Stock Exchange ETWO, ended its first trading day at $ 10.58 per share. The company’s market capitalization after the first day of trading was $ 600 million.
Supply chain finance company Greensill Capital puts capital increase on ice
Supply chain finance company Greensill Capital delayed a new round of fundraising for several months after increasing the amount it wants to raise, The Wall Street Journal (WSJ) reported, citing “people familiar with the matter”. The Softbank-backed startup planned to complete the investment in early January, but it now looks unlikely to be completed by at least the end of March, people told WSJ. Greensill increased his funding target from $ 500 million to $ 1 billion.
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NEW PYMNTS DATA: BUY NOW, PAY LATER, CONSUMER STUDY
On: Buy now, pay later: Millennials and the dynamics of changing online credit, a PYMNTS and PayPal collaboration, examines the demand for new flexible credit options, as well as how consumers, especially those in the millennial demographics, are paying online. The study is based on two surveys, totaling almost 15,000 American consumers.