PYMNTS.com – Electronic payments service provider CSI globalVCard announced Tuesday (July 28) that it has inked a new partnership that will help the company reach a new community of business customers.
According to reports, corporate clients of cloud-based spend management tools provider ReactorNet will now be allowed to pay their suppliers through the globalVCard payment system. Both companies aim to reduce the dependence on paper billing within the supply chain, and the current users of ReactorNet’s procure-to-pay platform EPRO can now reduce their paper usage even further by using virtual payment solutions from globalVCard.
This innovation is an ongoing trend in the B2B industry, according to experts. Recent findings by Circle Research found that automated software solutions will be in use by 88 percent of B2B companies in just the next two years.
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