E Tendering helps businesses efficiently find the best suppliers for upcoming purchases at the right price. Multiple vendors respond to procurement opportunities electronically, competing to win sales or provide business services.
Payment Terms
Payment terms are specifications of amounts owed, how, when, and where payments are due on sales transactions between sellers and buyers. Payment terms from a contract or purchase order are included on an invoice to the customer. Although payment terms may be negotiated, often the seller sets payment terms for routine sales transactions.
Spend Management
Open Banking
Open banking is a driving force for digital transformation, using shared electronic financial data.
It provides lucrative business model opportunities for third-party Fintech app and financial services industry providers. Open banking gives global consumers and business users new products, valuable information, and payment services when they share banking data.