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Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. But how businesses reshape their payment practices varies. “As Payments Rails. Interestingly, the same figure (54 percent) said checks were the least-preferred method.
Accounts payable (AP) automation technology has hit the ground running, with solutions designed to accelerate invoice processing, optimize paymentstrategies and promote digital adoption. For many small businesses, invoice payment options are vast, but few actually fit their needs, according to Bar. The result?
. “Toward the end of this year, we started to see more of a shift in investment toward the B2B side,” said Reetika Grewal, Silicon Valley Bank’s head of paymentsstrategy and solutions. We’re seeing a lot of new company formation around the B2B payment space in a way we haven’t seen before.
A short payment is any payment that falls below the invoiced amount, meaning a customer pays less than the total amount owed. This can be due to payment disputes, incorrect billing, or deductions made by the payer. Businesses can better manage their financial stability by understanding the root causes of short payments.
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