B2B payments are evolving from paper checks to electronic payment delivery. This paradigm shift from paper checks to electronic is creating a new timeline for payment delivery. Virtual cards are among the latest in payment technology, and ACH payments are on the rise. Read more about AR automation.
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In the after years of the countless technology advances that have disrupted businesses, there are still lagers who haven't adopted to digital transformation. Over half of all business-to-business payments still take place by paper check, sent via snail-mail.
2018 may go down in B2B payments history as the year the space saw an increase in attention from innovators. B2B payments have found the spotlight as companies recognize immense opportunity. What do you need to move forward and away from checks, and how to do you find the right partner?
It is imperative that all organizations look at their accounts payable function and employ as many best practices listed above as they can integrate across the entire cycle. Learn more about payment automation and discover the best practices in the accounts payable process.
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