Electronic Payments & Remittance Data: Pain Points & Solutions
Summary of Results from the 2012 Survey of Business Practitioners
Many U.S. businesses continue to use a disproportionate number of checks to make and receive business-to-business (B2B) transactions and rely on manual, paper intensive processes to reconcile associated remittance data. The results of a survey conducted by the Remittance Coalition show that this is a consequence of persistent barriers that impede adoption of more e-payments and e-remittance data. Indeed, most businesses recognize the benefits of e-payments and e-remittance data and express strong interest in increasing their use of these alternatives to paper methods.
Read this report to understand the major barriers to adopting more e-payments and e-remittance data, as well as the ways these barriers can be reduced to improve the efficiency of processing B2B transactions from end-to-end.