{"id":7040,"date":"2023-01-05T12:44:52","date_gmt":"2023-01-05T12:44:52","guid":{"rendered":"http:\/\/rssoftware.com\/?p=7040"},"modified":"2023-01-05T12:44:54","modified_gmt":"2023-01-05T12:44:54","slug":"b2b-payments-modernization-seen-as-key-to-surviving-looming-recession","status":"publish","type":"post","link":"http:\/\/rssoftware.com\/rswordpress\/b2b-payments-modernization-seen-as-key-to-surviving-looming-recession\/","title":{"rendered":"B2B payments modernization seen as key to surviving looming recession"},"content":{"rendered":"\n<p>According to PYMNTS,&nbsp;25% of&nbsp;B2B payments&nbsp;are still made by cheque, and&nbsp;smaller and midsize companies carry outstanding receivables of more than a trillion dollars for their larger suppliers \u2013 largely due to the inefficiencies in outdated manual AR\/AP processes that continue to cause major cash flow problems.&nbsp;<\/p>\n\n\n\n<p>The December 2002 edition of PYMNTS\u2019&nbsp;<em>The One-Stop Bill Pay Playbook&nbsp;<\/em>found that nearly 68% of executives surveyed expect to integrate B2B payment innovations into their operations in 2023 to help address these problems.<\/p>\n\n\n\n<p>The initial push to digitize B2B payments was provided by the pandemic.\u00a0The threat of a recession is now a key factor in businesses wanting to modernize their AP\/AR systems.<\/p>\n\n\n\n<p>Read more &#8211; https:\/\/www.pymnts.com\/news\/b2b-payments\/2023\/businesses-can-survive-looming-recession-by-modernizing-b2b-payments-process\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to PYMNTS,&nbsp;25% of&nbsp;B2B payments&nbsp;are still made by cheque, and&nbsp;smaller and midsize companies carry outstanding receivables of more than a trillion dollars for their larger suppliers \u2013 largely due to the inefficiencies in outdated manual AR\/AP processes that continue to cause major cash flow problems.&nbsp; The December 2002 edition of PYMNTS\u2019&nbsp;The One-Stop Bill Pay Playbook&nbsp;found [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7041,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[88],"tags":[],"_links":{"self":[{"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/posts\/7040"}],"collection":[{"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/comments?post=7040"}],"version-history":[{"count":0,"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/posts\/7040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/media\/7041"}],"wp:attachment":[{"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/media?parent=7040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/categories?post=7040"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/tags?post=7040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}