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Over the past six months, the COVID-19 pandemic has heavily influenced the way businesses interact with each other.

We have seen online solutions to physical problems skyrocket across sectors.

Technology-driven and integrated payment systems are an integral part of this macro digital revolution.In the consumer world digital payment options, championed by consumer electronic leaders like Samsung, Apple and Google, have steadily gained traction since the inception of contactless technology in late 2014.When purchasing coffee at a local cafe, it is not uncommon for a customer to wave their smartphone or wearable across a point-of-sale terminal without thinking twice about the entire experience — funds flow uninterrupted in a matter of seconds between the customer and the business.

Even peer-to-peer network models have surged in popularity since Venmo’s initial release in 2011.Fintech NewsHowever, the mainstream adoption of this connected interaction between buyers and sellers has been strikingly absent from the business-to-business (B2B) money transfer ecosystem.

Until recently, digital payments have long been a supporting character to more familiar, traditional and ordinary methods — namely domestic ACH in the United States and international bank wire.The pandemic didn’t necessarily spur massive innovation and change in the context of business payments, but rather revealed and accelerated the popularity of digital solutions that savvy, early-adopters have been using to their advantage for the past 10 years.

Accounting applications like Intuit’s Quickbooks, Oracle’s NetSuite and Xero layered with workflow automation tools like Zapier make sharing data and information — like invoices, contracts and purpose of payment details — an easy task.This harmony between business applications simplifies payment reconciliation for senders and receivers.In contrast, fragmented processes see payment and accounting systems as separate domains that require manual integration by both parties on either end of the transaction.

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In a report by Microsoft Officials, the company is getting more revenue from Office 365 commercials than the actual selling of Office via non-subscription licensing.

Since its launch in 2011, Office 365 particularly for businesses has become to be the most liked cloud services.

One of the main reasons behind this is its reasonable cost.

According to the studies done by Skyhigh, as of June 2016, there were around 70 million active users with one out of every 5 corporate employees opting Office 365 business.

Not just this, both State and Federal governments are making the most of Microsoft 365’security, privacy and budget-friendly pricing.

This new threat is referred to as the “Office 365 Setup Account Compromise.” The scammers are using social engineering as well as other techniques to find victims and send them an email pretending them to be from Microsoft and notifying the user that their account has been suspended.

Avery Vise, FTR’s vice president of trucking, commented, “Although trucking conditions are weak, we believe that they have stabilized for the industry as a whole. However, larger carriers appear to be faring much better than small carriers, which are far more exposed to weak spot rates and to rising liability insurance costs.”

https://transportationnation.com/

Several functions are involved in the logistics process that helps to maintain an easy flow of goods overseas.

Here are the top 8 functions that are responsible for a smooth flow of goods:The management of logistics involves some or all of the following functions that include:Inbound transportationInbound transportation refers to the complete transit of goods and raw materials to businesses.

However, it isn't easy to manage the entire process on their own on a big scale.

That is why most companies are dependent on freight shipping companies.Outbound transportationThe goal of outbound transportation is to deliver the goods to the end customers.

All kinds of safety measures are followed to save it from all types of thefts and damages.Fleet managementThis is one of the essential functions of the logistics management process.

All kinds of cars, such as cars, trucks, ships, etc., come under it.WarehousingWarehousing is another critical term in the logistics industry that businesses store goods before they are sold.