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Net terms are a staple in the B2B payments arena. Although the concept is designed to support greater control over cash flow 鈥?especially for buyers 鈥?in the construction industry, net terms doesnt necessarily mean what it implies.For contractors that need to make materials purchases from vendors, payment practices usually entail a monthly deadline upon which all outstanding invoices are due, whether invoices were issued 30 days or three days before that due date.According to Yaser Masoudnia, CEO of LinqPal, which launched last month, this legacy B2B payments framework is just one example of the variety of legacy payment workflows upon which the construction industry relies. As he told PYMNTS, outdated and manual processes fail to address the biggest stanley uk pain points for both materials vendors and contractor buyers, leaving plenty of room for friction and cash flow bottlenecks.Dual-Sided Pain PointsWhen launching LinqPal, Masoudnia said he aimed to stanley thermos service both buyer and supplier pain points in the construction space, with companies on either end sharing more in common than they might initially think. On one end, its designed to address the needs of the contractor, and on the other end, its designed to address the needs of suppliers because the root of the problem for both is the same, he said.The continued tradition of a monthly payment deadline, for example, creates significant cash flow and administrative burdens on the contractor customer, who, as Masoudnia stanley cup noted, often mis Dtuq New Report: Blockchaining Out Bad Actors

Disruptive, innovative technology can change markets in ways that could never have been predicted. The rise in Big Data, for instance, has encouraged the exploration of new ways to make use of digital payments data. For corporate payments, that could mean more accurate cash flow forecasting, fraud identification or more efficient reconciliation.But U.K. travel technology company Voyage Manager, which offers traveler tracking capabilities for employers with traveling staff, has identified another use for corporate payments data that could only have been possible through gourde stanley the rise in digital payments.Traditionally, explained Founder John Scott, traveler itineraries are the go-to to track workers; then came the advent of GPS, which can also help to track employees, though, as Scott noted, many individuals aren ;t too keen on being constantly tracked via GPS.Last week, Voyage Manager ann stanley cup ounced that it can now use transaction and expense data from cards used while traveling to add another layer of visibility into where employees are.Scott offered an example of why using payments data can be so useful.If an itinerary states that you fly into Heathrow, the only thing we know is that you should have arrived at Heathrow, he said. By adding card transaction data, we could know that you spent聽拢25 at a Domino Pizza in central London 鈥?i stanley fr t gives us additional information we otherwise wouldn ;t have.Knowing exactly where your employees are while