PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. No company is really immune to the administrative burden surrounding all those processes that are involved with collections and credit," he said.

Process 94

Process AI Accounts Lockbox 94

PYMNTS

OCTOBER 31, 2019

Take the lockbox, for example. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

MARCH 18, 2020

With so many processes still based on paper, accounts receivable (AR) departments within organizations that are less advanced in their digitization journeys are facing added friction as workers are sent home. .” Lockbox Data Headaches. Automating Lockbox Data – And Beyond. ” asked Biegel.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

PYMNTS

MARCH 30, 2020

They want to accelerate that process when they are trying to collect cash. remote work) layered on to that process. Many companies rely on a bank/service provider to handle outsourced lockbox processing. All of those payments can be scanned and automatically reconciled as part of that process.

Lockbox 60

Lockbox FinTech Payer Push-to-Card 60

PYMNTS

OCTOBER 29, 2020

In order to spur digital payments to make greater inroads, McCarthy noted that automating back-end processes, particularly in accounts receivable (AR), is critical — and so is ubiquity. That software platform today, on an outsourced basis or with people using that software themselves, is processing about $2.8

Checks 78

Checks B2B Payments C2B 78

PYMNTS

JULY 22, 2019

percent of survey respondents reporting that they are “very” or “extremely” satisfied with paper checks, it seems like B2B payers really don’t find them to be all that bad. Yes, checks were nearly bottom-of-the-barrel in terms of satisfaction levels, but with 63.5

B2B 57

B2B Reconciliation Checks Lockbox 57

PYMNTS

AUGUST 7, 2018

But, as Buettner recently told PYMNTS, the BPDA has additional objectives in mind that speak to the various points of friction that plague B2B payments processes today, including longer payment cycles for suppliers and the ever-increasing risk of fraud.

B2B 40

B2B Federal Reserve Payee FedWire 40