In offices around the world, millions of dollars are waiting. Checks are piling up in the mailrooms of corporate office parks. What could be vital, working capital fueling growth is spilling across the empty desks of accounting offices.
Why are some businesses still clinging to paper? According to a report by the Association for Financial Professionals, 42% of B2B payments are still made by paper checks in the United States. It's rare to find an organization that has digitized completely; 97% pay at least some major business suppliers by check. Especially at a midsized company, it's not uncommon to hear a CEO or CFO say, "I like to sign every check because it's one last point of control.
Business relationships can be much more complicated than consumer relationships. It often takes months, even years, for two businesses to agree to work together. When they do, they are often working under contracts that attempt to predict every potential business scenario. This process reflects the fact that business relationships have greater risk and need to be managed more closely than B2C relationships.
It cuts operational risk arising from cash-flow shortfalls by finding win-win working capital scenarios by giving both parties the right data and the right incentives.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
YouTube at 15: The inside story of YouTube's history - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. $THETA You left out the part how YouTube helped amplify white supremacists, flat earthers, anti-vaxxers, and other dangerous nutjobs, all for money to the detriment of society. 15 years to build one of the most detestable piles of shit ever unleashed on society
Source: BusinessInsider - 🏆 729. / 51 Read more »
Hundreds of South Korean schools closed amid spike in COVID-19 cases - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Bad news
Source: BusinessInsider - 🏆 729. / 51 Read more »
I was a house sitter in New Zealand, then COVID-19 happened - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
COVID-19 compared to other common US causes of death - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Every other figure here is will continue to rise throughout the year while COVID is currently topping off Florida has a spike in 'pneumonia' deaths A lot of the red bar should be re-distributed to the blue bars, since anything is labelled as CoVid-19.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The ’Non Essential’ Business Owners Who Went UndergroundMany small businesses in Los Angeles refused to close after the county's mid-March “Safer at Home“ order. What it’s like to run a shadow business in the era of Covid-19: That customer should be wearing a face mask. Open illegally and spreading a virus one customer at a time. Gosh ... are they spreading the virus? Call the cops. Oops, no can do .... 🙃🙃
Source: politico - 🏆 381. / 59 Read more »