getty When inflation and interest rates soar, businesses must look closely at their spending to protect their bottom line. In my many years of experience in accounts payable and automation, I have seen a recurring pattern: A significant untapped savings opportunity lies within most companies’ accounts payable processes. The scope of payment options has expanded so that we can now handle transactions faster and reduce transaction costs and both consumers and businesses are adopting digital payments. If you’ve been considering it, but haven’t yet taken the leap, here are a few ways digitizing payments could help improve your business—and how to get started. Six Ways Digital Payments Can Improve Your Business There are several ways digital payments can help improve your bottom line and make for a better customer experience. • Digital payments can help reduce fraud. Digital payments leverage several technologies to secure and encrypt transaction data and multi-factor authentication, making it more difficult for bad actors to initiate fraudulent transactions. Plus, with digital payment types like virtual credit cards , you have a one-off payment dedicated to only one vendor for only one amount, thereby helping to protect your actual credit card from being hacked. • Digitial […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
