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Since 1989, Bottomline has been modernizing global business payments with connected solutions for more than 800,000 financial institutions and businesses in 92 countries.
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Take Accounts Payable Action to Counteract Inflation
Today’s high inflation is not welcome, but it is a normal fluctuation within the natural cycle of the economy. Accounts payable has the opportunity to counteract the impact of inflation by tightening up payment policies and procedures, taking advantage of digital payment options, capturing early discounts and cash rebates, and automating processes for greater efficiencies.
Controlled and subtle inflation can be a sign of a strong economy. When inflation gets out of hand, however, everyone is impacted. With inflation in the U.S. and elsewhere around the globe at a 40-year high, all B2B and B2C companies need to take action. It is time for rigorously cutting back on expenses, improving efficiency, doing all you can to increase your return on investment (ROI), and keeping as much cash on hand as possible.
A key area inflation affects is accounts payable (AP): it can impact how you make payments to suppliers and, in some cases, when and whether you are able to make payments at all. But what you may not realize is that AP is effective at deflating inflation. With just a bit of strategic focus, you can actively drive value through Accounts Payable to counteract inflation.
Read this eBook to discover:
"It's important to focus on being more efficient with what you have through automation processing, getting rid of manual processes, and becoming as lean as you can." - Carl Slabicki, Co-Head of Global Payments, Treasury Services at BNY Mellon
Automate, simplify, and secure AP processes—from invoice to payment—by eliminating manual steps and unsecure paper methods. Enjoy fast, revenue-generating Premium ACH and virtual card payments to vendors and spend less time on tedious tasks.
