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Most of the examples we know of today are on the B2C side. That’s no surprise, given the pace of innovation in B2C versus B2B payments over the years. This enables overseas customers to be invoiced and to pay in their local currency while allowing the biller to reconcile those receivables in its financialsystem of record and currency.
ERP, accounting and other financialsystems are migrating to the cloud, and with digitization now at the forefront, Scott said that businesses — particularly in the middle market — are ready to digitize their payments, too. .” But, he told PYMNTS, there are a few areas where the industry should perhaps reexamine its approach.
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