Global B2B provide chain administration platform actyv.ai has added an embedded B2B purchase now, pay later (BNPL) choice and insurance coverage to its synthetic intelligence (AI)-based platform, saying this can assist make enterprise transactions quicker and simpler.

By linking enterprises, their enterprise companions and monetary establishments (FIs), all components of business transactions will be orchestrated on a single platform, in accordance with a Tuesday (Sept. 20) press launch.

“Leveraging its [Software-as-a-Service (SaaS)] technology platform, actyv.ai enables easy onboarding of distributors and suppliers onto an enterprise’s network,” the corporate stated within the launch. “The company’s aim is to provide alternative means of capital to an enterprise’s channel partners, based on their financial and non-financial data.”

Among the companies the platform affords are a dynamic quantity referred to as actyv Score that contributes to the credit score scoring and underwriting algorithms of FIs and insurance coverage suppliers, a operate referred to as actyv Go that helps an enterprise handle distributors on its platform, a B2B BNPL choice referred to as actyv PayLater and a bunch of actyv Insure merchandise that present safety in opposition to enterprise loss.

“The company is addressing the challenge of responsible and sustainable credit for [small- to medium-sized businesses (SMBs)] by enabling manageable interest rates for the supply chain,” actyv.ai stated within the launch. “Every document submitted by distributors on the actyv.ai platform is validated at source, aiding fraud prevention.”

As PYMNTS reported in July, the emergence and recognition of platforms are making it a bit simpler for patrons and sellers to search out each other, to lock in freight forwarding phrases, and even use a single click on to pay and request funds.

Read extra: Embedded Finance Takes on Supply Chain Challenges

Along the best way, the platform fashions and the emergence of software programming interfaces (APIs) — enabling a extra seamless move of data — will collect steam.

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