There are several routes through which B2B payments can be made, whether that is through cash, cheques, cards, electronic transfers, or through gateways and alternate payment methods. Solutions for B2B payments tend to get lower priority than B2C solutions but that trend is changing, with the value of automating B2B payments in improving cash flows, minimising risks, saving costs and improving reports and data being recognised.
Key learning objectives:
Understand how B2B payments can be made
Understand how automation is driving change in the B2B market