Innovations In The Connected Economy And B2B Payment Modernization

Connected fitness product provider Peloton has moved to fix its manufacturing and order backlog challenge by buying Finland’s Precor. In the economy, chief financial officers (CFOs) participating in a survey are reasonably optimistic about next year. And, in business-to-business (B2B) payments, modernizations can help firms in the medical sector overcome some of their accounts payable (AP) and accounts receivable (AR) frictions, while in connected vehicles, an “iCar” could finally be coming to fruition as soon as 2024. All this, Today in Data.

Data:

2007: Year the first Apple iPhone was launched.

$420M: Value of Peloton’s deal to acquire global fitness equipment provider Precor.

83%: Share of business-to-business (B2B) companies that changed their accounts receivable processes between March and September 2020.

70%: Approximate share of North American chief financial officers (CFOs) who expect a boost to the economy by the middle of next year due to the vaccine.

67%: Portion of businesses that are receiving more payments digitally during the pandemic.