COVID-19 has made it clearer than ever that the manual account payables processes so many companies rely on are inefficient and prone to security threats. By opting to move away from paper checks in favor of an integrated payables solution, organizations facilitating B2B payments can not only better protect themselves and their customers against fraud, but also increase operational efficiency by reducing the amount of manual work that needs to be done.
To further discuss the value of integrated payables, PaymentsJournal sat down with Steve Putney, Executive VP at BBVA USA Treasury & Payment Solutions, Sara Frommeyer, Senior Managing Consultant and Commercial Payments SME, Advisors, Data & Services at Mastercard, and Steve Murphy, Director of Commercial and Enterprise Advisory Service at Mercator Advisory Group.