Money is the lifeblood of businesses, and nothing thwarts growth plans like the inability to easily collect revenue and pay vendors. Inefficient back-office systems can prevent smooth financial flows. Printing paper checks and requiring physical signatures can slow down payments and add complexity to accounts...
Billing processes that pass muster in the U.S. aren’t necessarily enough when transacting with businesses overseas. Each country has unique invoicing standards and regulations, meaning accounts receivable (AR) teams must modify their approaches for each market, says Jeff Edwards, CEO of energy and power solutions...
Businesses have gone back to the drawing board to rethink their payments approaches during the COVID-19 pandemic. Old-school business-to-business (B2B) transaction methods like sending and waiting on checks and physical invoices are more difficult to stick with now that many offices are closed and financial...