The Association for Financial Professionals (AFP) released a report in last September that found the use of paper checks in B2B payments actually increased in 2016. Yet, that said, experts still expect reliance on paper will fall in this year, as reported in an analysis from NACHA, released last June, which finds that accounts receivables (AR) executives anticipate ACH payments to surpass the check by 2020.
That may be why 2018 may go down in B2B payments history as the year the space saw an increase in attention from innovators. B2B payments have found the spotlight as companies recognize immense opportunity to address key points of resistance, with Deloitte estimating global B2B payments to reach $23.1 trillion, by 2020.
What do you need to do to move forward and change your ways from checks and how to do find the right partner? Read on...
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