E-book on Dashboard Reporting: Essential dashboards which cover processes across credit management, collections, cash application, billing, payments, and deductions.
The most powerful trend in B2B payments is the rampant adoption of e-payments. Buyers are spoilt for choice when it comes to choosing a form of e-payment between ACH, credit cards and Wire payments.
What is difficult to digest is that paper checks continue to dominate the payments landscape (48% of volume) and this dominance is larger for payments coming in from small and mid-sized businesses.
Many studies indicate that for A/R teams at small and mid-sized businesses, the volume of incoming paper checks amounts to a whopping 75%!
This leaves SMBs in a dilemma since they only have three choices – either do everything manually, use Remote Deposit Capture (RDC) solutions, or pay for expensive lockbox services.
This e-book walks through a close examination of all these options and also evaluates RDC 2.0 – a next-gen RDC which is capable of enabling check deposit to the bank as well as straight-through reconciliation of payments.