Moving To Electronic Payments: Giving Up The Paper Without Giving Up Control
It’s no secret that when it comes to payments, paper is more expensive and less efficient than its online counterpart. In a time when payment companies are under tremendous pressure to produce more with fewer resources, shouldn’t they all be jumping the traditional payments ship and switching over to electronic purchasing cards?
Recent data indicates this is a trend that is here to stay as 60 percent of all U.S. companies are expected to adopt an electronic accounts payable (EAP) solution by the end of 2014.
However, one question remains, ‘What should organizations be asking themselves before making the shift to electronic accounts payables?’
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