Intuit has expanded availability of the Intuit QuickBooks Business Network to millions of small and mid-market businesses in the US , creating one of the largest business-tobusiness ( B2B ) networks aimed at accelerating and automating B2B payments and improving overall cash flow . |
challenges small and midmarket businesses face and that FinTech innovation is wellpositioned to address .
QuickBooks data shows that 52 % of B2B small businesses are paid late , even more than business-to-consumer ( B2C ) businesses ( 32 %), creating a cash flow challenge for small businesses that often rely on timely payments for critical business needs .
“ We ’ re innovating to address age-old challenges small businesses face when it comes to B2B payments , 70 % of which are still paper or check-based in the US ,” said Rania Succar , Senior Vice President , Intuit
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UK small- and medium-sized businesses ( SMEs ) seeking to make changes to achieve net zero are as motivated by purpose-driven or social impact factors as by commercial considerations , according to research from Lloyds Bank .
The Lloyds Bank Net Zero Monitor shows that protecting the environment for future generations ( 37 %) and employee well-being and engagement ( 27 %) are two of the most important benefits anticipated for companies
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making the transition to being carbon neutral . SMEs believe the main commercial benefits will be waste reduction ( 38 %) and cost savings ( 25 %).
The Net Zero Monitor saw similar results in a survey of the 7 % of businesses that are already at net zero , with 37 % of this group saying that protecting the natural environment for future generations was the biggest benefit , followed by 32 % citing waste reduction .
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B2B payments remain one of the largest unsolved |
QuickBooks Money Platform and CEO , Mailchimp . |