Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Managing cash flow has always been a challenge for businesses, and today's difficult economic circumstances are only reinforcing its importance.
Businesses and consumers are embracing digital experiences for everything from healthcare to banking to retail. This trend is now translating into a shift to digital payments within the business-to-business arena. Consider a medium-sized manufacturer: It might pay 4,000 suppliers on a monthly basis. Employees spending money on behalf of the company must make sure every payment is approved by the right person with the right authority. Fraud is a constant concern.
For example, a large supplier might realize that buyers, especially the long tail of small buyers, are cash constrained and could have a difficult time making payments. The supplier might want to proactively help buyers by enabling them with working capital and offering a temporary change to payment terms using credit cards.
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