There’s a multitrillion-dollar opportunity that’s rewriting the B2B playbook, and it starts with two words: embedded finance.The consumer payments buzzword is steadily making headway into the B2B space, and it is beginning to drive real change for buyers and suppliers across sectors by integrating payment processing and financing capabilities directly into non-financial applications or platforms.
From streamlining payments to giving small- to medium-sized businesses (SMBs) access to lending directly within their enterprise resource planning (ERP) systems, embedded finance is simplifying everything from procurement to cash flow, helping create seamless, intuitive payment experiences.
Ultimately, embedded finance for B2B promises firms fast, frictionless payments baked into the workflow, without the dreaded detour to a clunky, external portal.
As businesses seek more efficient ways to manage payments and working capital, embedded finance is emerging as a transformative force in B2B commerce.
Content retrieved from: https://www.pymnts.com/news/b2b-payments/2024/how-b2b-firms-can-capitalize-7-billion-dollar-embedded-finance-opportunity/.
