Evidence of the digital shift is not hard to find, from the millions of office workers who continue to work from home to the fleets of Amazon trucks coursing through neighborhoods. A less conspicuous wave of digital adoption is occurring in company accounting and finance...
Last year saw more resignations from chief financial officers than any other year, with the pandemic having adverse effects on corporate balance sheets, The Wall Street Journal reported Monday (Jan. 18). In 2020, there were 37 companies in the S&P 500, including big names like General...
A thriving commercial environment relies on sellers being able to trust that they will be paid when they provide goods and services, but myriad obstacles can impede the smooth transfer of B2B funds. Buyers need to control costs to meet their payment promises, then leverage...
Virtual cards can reduce fraud for businesses transacting online by keeping sensitive payment details safer from cybercriminals, says Mike Cook, senior partner at IBM Payments Center. In The CFO’s Guide To Digitizing B2B Payments, Cook discusses how securing cardholder onboarding can save businesses from tackling...
Corporate buyers and sellers continue to struggle with disruptions to cash flow and administrative processes that are being caused by the pandemic. This may make it more important than ever for firms to be able to use alternatives to expensive, slow-moving paper checks. B2B transactions...
We discover a basic truth upon reading PYMNTS November 2020 CFO’s Guide To Digitizing B2B Payments done in collaboration with Comdata: many treasury operations need digital triage. “Companies shifting to digital payment methods are overcoming many of the challenges that have historically plagued business-to-business (B2B)...
The B2B payments world is changing fast due to both the increased adoption of digital payment methods over the past several years and the economic upheaval brought on by the COVID-19 pandemic. Approximately $25 trillion in payments flows between American businesses annually, and B2B payments...
Getting paid instantly begins with delivering invoices in real-time, says Kim Vodicka, vice president of commercial operations at Dell Financial Services. In the CFO’s Guide To Digitizing B2B Payments Report, Vodicka explains how application programming interface (API)-based integrations between vendors' AR systems and buyers’ AP...
The COVID-19 pandemic is inspiring many businesses to accelerate their shifts to digital transaction methods as workforces operate remotely from home, and many are finding that doing so is helping them overcome traditional business-to-business (B2B) payment frictions. Companies long-used to sending and receiving paper invoices...
