There was a time when inefficiency in payments processing wasn’t such a big deal. You could cover cash flow squeezes with easy credit, and most U.S. companies worked with an overwhelmingly domestic supply chain and just a few offshore suppliers and customers. The landscape for most organizations has changed dramatically.
If you still rely on manual processes, paper checks or multiple bank-based workstations, you’re at a competitive disadvantage. You’re also at an increased risk for a cash flow crisis.
Read on to learn the 5 common reasons inefficient payments processing drag down profitability, and find out if any of them are negatively impacting your bottom line
eBookPayments & Cash Management: Unlocking Control and Visibility
According to 91% of corporate treasurers, lack of full visibility is a key challenge for effective global cash management and cash flow forecasting. Overcome the challenges associated with ineffective cash management and obtain treasury payments control and visibility on your cash flow forecasting.
BrochurePayments and Cash Lifecycle Management
Maintaining a fragmented payments infrastructure carries heavy overheads, resulting in increased operating costs, technical complexity and duplication of processes. Learn how our end-to-end payments solution incorporates a full range of cash lifecycle activities.
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