Afternoon Coffee update: Brexit Deal Goes Bust; With Microsoft-Walgreens Deal, Healthcare Rivalry with Amazon Heats Up

Microsoft announced Tuesday it has signed a multiyear deal with Walgreens Boots Alliance to serve its employees and businesses, reports CNBC, which also looks at Amazon’s recent moves into the healthcare sector. Denver-based banking platform Joust on Tuesday announced the launch of its “multi-feature financial app tailored to the unique needs of freelancers, entrepreneurs and independent contractors.” Afternoon Coffee brings you the latest in procurement and supply chain news.

Has Off-Platform Lending’s Time Finally Arrived?

Close up of a money puzzle

Now, digital B2B lenders can use fast data to scour thousands of individual data points — to instantly create a dynamic credit limit for companies that work on a particular supplier portal but only have a small percentage of receivables running through it. By having an off-platform model, this company can fund as many invoices as they want until they reach their credit limit. Virtually every supplier can be funded — only those in bankruptcy or on government watch lists are ineligible. This new form of B2B lending marries two core competencies.

Business Intelligence to Transform Procurement