11 Global Payment Formats: The Treasurer’s Guide to a Preferred Payment Mix


This ebook outlines the 11 most widely used global payment formats a treasury team should be aware of and accept to constitute a healthy payment mix

Contents

Chapter 01

Executive Summary

Chapter 02

11 Global Payment Formats

Chapter 03

Arriving at a Preferred Payment Mix

Chapter 04

Standardized Cash Application Process

Chapter 05

About HighRadius
Chapter 01

Executive Summary


The Wave of Change in Payment Mix

According to a CRF survey, 79% of the business organizations are shifting towards a global business model.

It is important for the treasury team to support the most prevalent payment formats to ensure:

  • Low-cost payment acceptance
  • Successful cross-border deals and business expansions
  • Better customer experience
  • Standardized cash posting

Payment Mix
“Inability to process newer payment formats could direct your prospects to your competitors”

Thus the treasury teams should be specifically aware of the 11 most
-used payment formats to accept, process and also recommend them to a customer looking for payment recommendations