Accounts Payable Payments: Solving Common Business Challenges

Late Payments Push More Businesses Toward AP Automation

With late payments resulting in late fees for 41% of buyers in the past year, companies are making accounts payable automation their top priority to keep up. In the “Accounts Payable Payments as a Service Tracker®,” a collaboration with Finexio, PYMNTS explores how automation is helping transform AP into a customer service function to bolster businesses’ financial health.

Inside the June Tracker
  • Executives from Branch, YellowHeart and Zumiez describe how automated payments can benefit companies in several different verticals.
  • The average middle-market company uses five payment methods, with physical credit cards and wire transfers being the most popular.
  • This month’s PYMNTS Intelligence explains how AP automation can reduce late payments and bolster businesses’ overall financial health.

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