Cover for the PYMNTS and Finexio June 2023 “Accounts Payable Payments as a Service Tracker®: Accounts Pavable Payments: Solving Common Business Challenges”

Late Payments Push More Businesses Toward AP Automation

Accounts Payable Payments as a Service Tracker®: Accounts Payable Payments: Solving Common Business Challenges

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.

    By completing this form, you agree to receive marketing communications from PYMNTS and consent to the sharing of your information with our sponsors, where applicable, in accordance with our Privacy Policy and Terms and Conditions. Sponsors may use this information to contact you directly. You may update your preferences or withdraw your consent at any time.

    to our daily newsletter, PYMNTS Today.

    Accounts Payable Payments as a Service