Factoring and Invoice Discounting

A study by Fachhochschule des Mittelstands (FHM), the SME University in Bielefeld, revealed that the demands placed on finance and liquidity management have increased, leading to the proliferation and professionalization of cash management systems. In the study, 280 SME finance managers were surveyed and when compared to previous studies there is now a greater proliferation of professional cash management systems in the SME sector. 

Other findings:

Nvoicepay, the leader in intelligent payment automation for the enterprise, announced a deeper strategic partnership with SME Finance Forum member Mastercard. Mastercard will support Nvoicepay’s solution as a leading choice for enterprise customers and enhance Nvoicepay’s emerging partnerships with some of the country’s top banks through the use of Mastercard In Control™ for Commercial Payments, virtual card platform.

The February 2018 edition of PYMNTS.com's Disbursements Tracker covers New industry offerings to more quickly get money in the hands of winning bettors and help employees reach firmer financial footing and features a story by Adam Rust, managing director of WiseWage. He explains how the company helps businesses lower costs and better serve workers by enabling direct deposit for unbanked employees.

SME Finance Forum member Xero, announced the next phase of its partnership with Stripe, enabling Xero customers to accept Automated Clearing House (ACH) bank transfers via its integration with Stripe. With the availability of ACH payments, Xero’s more than 1.2 million subscribers have yet another way to get paid quickly, safely and securely.

SME Finance Forum member Xero, along with DBS, have expanded their partnership to help SMEs simplify bill payments by launching an industry-first online payments solution to help start-ups and SMEs manage their cashflow needs better.

The DBS-Xero payment solution addresses payment problems among SMEs caused by finance-related concerns such as cash flow problems. This is an issue which plagues more than 1 in 3 SMEs in Singapore.

This study for Sage looks at the cost to small and mediumsized enterprises of administration tasks, including both operational and regulatory requirements. Analysing a survey of over 3000 companies across 11 countries, we consider whether technology can be used to reduce this burden, and how governments can encourage its take-up.

SME lender Grid Finance’s CEO Derek F. Butler, shares how the company is expanding its offering to include a digital pension product targeted at the owners of small businesses. Grid will act as distributor and has engaged Conexim to provide the back office infrastructure on the product.