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. PYMNTS explores how automation is helping transform AP into a customer service function to bolster businesses’ financial health.
Business-to-business (B2B) payments are the lifeblood of the modern economy, with businesses spending trillions of dollars on merchandise, services and other goods from their vendors and creditors. Experts estimate that $120 trillion crisscrosses the globe in B2B payments annually, $25 trillion of which businesses conduct...
June 26, 2023
Business-to-business (B2B) payments are the lifeblood of the modern economy, with businesses spending trillions of dollars on merchandise, services and other goods from their vendors and creditors. Experts estimate that $120 trillion crisscrosses the globe in B2B payments annually, $25 trillion of which businesses conduct in the United States. However, this total payments volume belies […]
