Today in B2B: Predictive Analytics Improve Cash Flow; Société Générale Debuts Startup Accelerator Program
Today in B2B payments, predictive analytics takes some of the pain out of accounts receivable (AR) and cash flow processes, while Société Générale unveils a startup acceleration program for financial enterprises. Plus, Zilliant launches a new price optimization tool, and Recur Club secures $30 million in seed funding.
Predictive Analytics Smooth AR Processes and Cash Flow
At a time when three-quarters of businesses say they plan to invest in AR automation, predictive analytics has come to the fore. Predictive analytics offers some of the most promising returns on investment when it comes to improving AR processes and automation. The solution leverages artificial intelligence (AI), machine learning (ML), data mining, statistics and other technologies to analyze vendor data and help financial teams make informed decisions, according to the “Working Capital Playbook,” a PYMNTS and YayPay collaboration.
Société Générale Launches Startup Accelerator
French multinational investment bank Société Générale has launched what it called the “Payment & Transaction Banking Accelerator” (P&T BAX), its first acceleration program dedicated to startups in the trade finance, factoring, cash clearing and correspondence and banking sectors. Selected startups will have access to the company’s expertise and get a chance to present their solutions and services in real-life business environments.
Software Maker Zilliant Unveils New Price IQ Tool
Pricing and sales guidance software maker Zilliant has unveiled Next-Generation Price IQ, a new price optimization application. Next-Generation Price IQ offers what Zilliant called a major improvement in AI-based optimization speeds, letting businesses quickly respond to changes while providing better price transparency to sales teams. The tool “lowers overall cost by supporting multiple pricing models and scenario templates, enabling simultaneous optimization of multiple lines of business within the same instance.”
B2B Financing Platform Recur Club Raises $30M
B2B FinTech platform Recur Club has raised $30 million in seed funding through a combination of equity and debt allocation in a round led by InfoEdge Venture, Village Global and Titan Capital that will allow the company “to scale our platform to unlock fast, flexible and hassle-free growth capital without dilution.” The round is one of the largest seed rounds in India at a time when investments in Indian startups have slowed following a busy 2021. Founded last year by Sherwal and Eklavya Gupta, Recur Club helps companies trade their future customer revenue at a discount to receive capital up front within 48 hours.