Magazine article Business Credit

With Automation on the Rise, Faster Payments Become Key for Treasurers

Magazine article Business Credit

With Automation on the Rise, Faster Payments Become Key for Treasurers

Article excerpt

Credit managers often feel comforted when they know faster payments are not only possible but probable thanks to their companies' and customers' investments in new technology. In the commercial payments sector, real-time payments are high on the wish lists of finance professionals. Embracing and implementing new payment methods, or any beneficial technological advances, is a strategy today's creditors use to appeal to new customers and adopt with current ones. Among them are a significant number of treasury professionals in several countries who voice their support for same-day and/or immediate payment solutions to reduce the complexity of corporate payment operations.

Bottomline Technologies, Strategic Treasurer and Bank of America collected input from about 275 treasury professionals over a two-and-a-half-month period during which they learned nearly 65% are already using same-day and immediate payment platforms. …

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