COVID-19 has changed everything, including the way of operating and the style of functioning. The shift to working from home has exposed the inefficiencies associated with paper invoices and checks in the B2B space. As banks remained closed, paper invoices and checks delivered to offices sat in unopened envelopes. The momentum continued through 2021.
Digital is emerging as the latest industry trend for sending customers the request-to-pay reminders and giving them access to faster, more convenient payment options. Unlike the conventional paper-based invoicing methods, digital invoices can be sent to customers on mobile and email, accepting digital payments over credit card, ACH and bank-to-bank transfers.
Download this eBook to know how digital B2B invoicing and payments is becoming an immediate priority for businesses
- Digital invoices and their advantages
- Digital payments and their advantages
- Impact on customer experience
- Impact on cash application