B2B Payments

SurePayd Reduces Costs For Digitizing AR Services During Pandemic

SurePayd will make its migration audit services free for customers during pandemic

Accounts receivable (AR) platform SurePayd is responding to the coronavirus pandemic by reducing the costs for its services to help companies migrate to the cloud and work remotely for the next two months for companies that need assistance during the crisis, according to a press release.

SurePayd said moving toward the cloud for AR payment services makes sense right now. Because of the pandemic, many offices now have to work from home to avoid spreading the virus. The company has seen a large spike in activity as business owners sign up for SurePayd services, intending to work quick to digitize AR services usually done in-person at office buildings.

The company said it would make the first two months of service free, and new users would only have to pay for the monthly hosting costs and transaction fees for now.

The company is offering to do an audit and offer new users the ability to take payment via card or remotely from their own clients.

SurePayd said delays in making this happen had already impacted companies’ revenues.

Chief Operating Officer Karen Stephen said in the release that companies using SurePayd’s migration services had been able to achieve goals in under 24 hours.

Stephen said the success showed how systems like SurePayd’s could adapt in-person office needs for a new remote work environment. She said if systems weren’t able to be adapted in that way, it could result in critical tasks not getting done, which could harm the business.

As the pandemic has unfolded around the world, business owners who have stuck to traditional, paper-based ways of paying have had to ask themselves what to do if it’s impossible to be at the office.

The situation, according to experts, could be a persuading factor for businesses to let go of the paper products and move to digitization. The automation of AR and invoicing has particularly been of interest.

——————————

PYMNTS TV LIVE OCTOBER SERIES: B2B PAYMENTS 2021 – WHAT WILL YOU CHANGE? 

Banks, corporates and even regulators now recognize the imperative to modernize — not just digitize —the infrastructures and workflows that move money and data between businesses domestically and cross-border. Together with Visa, PYMNTS invites you to a month-long series of livestreamed programs on these issues as they reshape B2B payments. Masters of modernization share insights and answer questions during a mix of intimate fireside chats and vibrant virtual roundtables.

TRENDING RIGHT NOW