Business payments are growing more digital by the day. But with that growth comes the critical importance of maintaining back-office structure. That means connecting several “sides” of the B2B payment and managing layers of interaction between a company’s external and internal activities to achieve scale.
The urgency is there, as statistics show that 82% of smaller firms fail due to cash-flow problems. Not surprisingly, COVID has been a major accelerator of digitization, and it’s also forced companies to look inward at the major pain points within their organizations.