As a result of the COVID-19 pandemic, we have made long-lasting changes to how we live, work and even pay for goods and services. We asked global business leaders about the new payment practices they introduced during the pandemic. Accepting online payments and digital invoicing tied as the most implemented new payment practices, underscoring the advances companies made in moving their businesses online.
This is right in line with our Progressing Payments Report, in which 98% of organizations that receive paper checks for invoices said they suffered damages to their cash flow as a result of accepting that payment type. And 95% of those in the study said their organization should invest more in accounts receivable automation and payment technologies.
See the full results of this week’s BlueSnap Snapshot here:
- 5 Industries Embracing the Subscription Business Model in the Post-Pandemic World
- eCommerce Innovation During Coronavirus
- 5 B2B Invoicing Missteps and How Invoice Automation Can Help