TradeCard Grows by 36% in 2011

Posted on January 25, 2012 by PayStream Advisors

TradeCard Inc., the supply chain collaboration platform used by more than 10,000 retailers, brands, manufacturers and service providers, recently reported that it grew by 36% in 2011.  TradeCard attributes this increase to its cloud-based platform for end-to-end supply chain visibility.

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Corcentric Lands Dorman Products

Posted on January 23, 2012 by PayStream Advisors

Corcentric, a provider of Internet Parts Ordering (IPO) solutions for the automotive industry, recently announced they have added Dorman Products to their growing list of suppliers.  Dorman is a supplier of dealer “exclusive” automotive replacement parts, automotive hardware, brake products, and household hardware to the automotive aftermarket and mass merchandise markets.

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B2B E-Invoicing Increased by 20 Percent Worldwide in 2011

Posted on January 20, 2012 by PayStream Advisors

PayStream subscriber Basware, a provider of purchase-to-pay solutions, and Billentis, an independent e-invoicing firm, estimate that the number of B2B e-invoices sent globally rose by 20 percent in 2011, with large markets such as Germany, Mexico and France accelerating the adoption curve.

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5 Ways Holiday Ecommerce is Changing – Lessons learned from the Chase Paymentech Cyber Holiday Pulse Index

Posted on January 20, 2012 by Mike Duffy

By Mike Duffy, president, Chase Paymentech

Expectations ran high for the 2011 holiday shopping season.  Statistics from the U.S. Department of Commerce showed ecommerce sales for the first three quarters were up over 17 percent versus 2010.  Forrester Research issued a forecast predicting 15 percent growth for ecommerce during the holiday season.  Federal Express announced plans to hire 20,000 seasonal workers to handle an anticipated 10 percent increase in package volume.

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PayStream Makes Fortune Magazine’s Fastest Growing Inner City Companies in 2011!

Posted on January 19, 2012 by PayStream Advisors
PayStream Advisors among the 13th Annual ICIC and Fortune Magazine’s Inner City 100 winners
Annual ranking showcases the 100 fastest-growing inner city businesses in America.

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Syncada Network Processed a Record $21 Billion in 2011

Posted on January 18, 2012 by PayStream Advisors

Syncada from Visa, a PayStream subscriber, announced today that its global financial supply chain network processed more than $21 billion in payments during 2011, a substantial increase from 2010 and a record in annual payments for the company.

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PayStream Subscriber Coupa Software Sees Triple Digit Revenue Growth in FY2011

Posted on January 17, 2012 by PayStream Advisors

It’s always terrific to witness a client’s success.  Coupa Software, a PayStream subscriber, is a leading provider of innovative cloud spend optimization software that enables customers to reduce expenses and maximize profitability. Today, they announced record-breaking sales, customer acquisitions and usage for fiscal year 2011.

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Basware Research Reveals CFOs want to Extend Payment Terms

Posted on January 11, 2012 by PayStream Advisors

New research from Basware reveals that suppliers should expect to be hit by
extended payment terms as companies continue to struggle with the gloomy
economy in 2012.

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Is “Same-Day ACH” In Our Near Future?

Posted on January 11, 2012 by Matthew Dragiff

NACHA, the Electronic Payments Association, is the organization that manages the
development, administration and governance of the ACH Network.  They recently proposed the Expedited Processing and Settlement (EPS) amendment to the NACHA Operating Rules (“Rules”) that would enable ACH entries to be processed and settled
on the same day that they are originated.

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PayStream Expands Reach into Healthcare Claims Research

Posted on December 30, 2011 by PayStream Advisors

In writing my most recent research report on claims payments, I was struck by the growing disparity in the application of electronic payments.  In the last 5 years, providers such as Emdeon have developed and implemented electronic programs for giant insurers, in many cases eliminating 70 percent or more of the check based payments to insurers.  The paradox is that for most payers, the adoption of ePayments is less than 10 percent.

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PayStream Subscriber Verian Celebrates Banner Year

Posted on December 29, 2011 by PayStream Advisors

According to a press release issued today, 2011 was a very successful year for Verian, a
leading provider of purchasing and invoice processing software.  In January of 2011, Verian broke ground on their  new headquarters just outside of Charlotte, North Carolina.

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An Insider’s Guide to Dynamic Discount Management

Posted on December 20, 2011 by PayStream Advisors

In preparation for the industry anticipated Dynamic Discount Management (DDM) report that is published yearly by PayStream Advisors, staff members conducted a briefing and solution demonstration on December 15, 2011 with Direct Commerce (DCI).  DCI offers Procure-to-Pay product solutions, including DDM.  DCI solutions are provided over a secured web-hosted Supplier Portal that can be customized for each customer and delivers bottom-line cost reduction results.

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Tackling Remittance Challenges: Highlights from The Remittance Coalition Workshops

Posted on December 12, 2011 by PayStream Advisors

The Remittance Coalition held its second workshop last week, just prior to the start of the Association of Financial Professionals (AFP) annual conference in Boston. The workshops are designed to better understand the barriers to the automated reconciliation of payment transactions with remittance data.

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Digging up Savings through Dynamic Discounting

Posted on October 10, 2011 by PayStream Advisors

On average, 88 percent of AP spend involves non-discount terms. Reasons for this are related to the difficulty of processing fixed term invoices across the entire supplier universe.

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