From start to finish, paying suppliers is still manual and paper-intensive process for most businesses, especially those with many banking accounts and distributed ERP applications.

The result:

High costs
Complexity to change or add banks
A lack of visibility
High(er) fraud risks and compliance challenges
Frustrated stakeholders and suppliers
If these characteristics sound familiar, there is an opportunity to turn this around.

Cloud-based solutions introduce new opportunities to carve out complexity and costs from the payments process.