Ad Hoc Payments Represent One in Every Four Vendor Payables
Non-recurring or ad hoc payments represent 24% of a firm’s total AP volume, and a point of payables friction for most corporates given the size and method of payment (hint, paper) according to a new PYMNTS Intelligence report, “Streamlining Ad Hoc Payments With Instant Pay
,” a collaboration with Ingo Money
, of 200 enterprise senders. Sixty percent of senders say they see value in making those payments both digital and much faster than today.