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There are many ways a firm can measure the value of instant payments, and determine how much of a return on investment ROI it can expect to reap. A firm can look at it in terms of how much it will save by stepping away from the costly and inefficient world of paper checks, or it can evaluate in terms of the auxiliary services and features it will be able to offer to its customers, and potentially monetize in the future.However, as Ingo Money CEO Drew Edwards told Karen Webster in a recent podcast, there could be a simpler way to frame the inherent value of instant payments. The real question firms need to ask themselves, he said, is what the ROI is of staying in business. Ive been around for some shifts in the market, and this is one of those changes that if you miss it, then youre extinct, Edwards said. The reality is you ;re not going to be able to compete if youre mailing out checks or reliant on anything but a modern disbursement system. The ROI, at its most basic level, 鈥?will depend on this, because the entire financial services world is changing around it. A year ago, Edwards noted, about 10 percent of
stanley hrnek consumers experienced receiving an instant payment. Today, according to soon-to-be-released data from Ingo Money and PYMNTS, that figure is
stanley borraccia north of 40 percent. The word is getting out 鈥?more than 80 percent of customers have heard of instant disbursements, and even if they havent yet had the pleasure of b
stanley nz eing paid on demand, they will desire it. That is just th Cyoo American Express Unveils $200M Cash-Back Program To Boost Spending At SMBs
When Sourcery launched, CEO聽Na ;ama Moran said there was a bit of a chicken-and-egg issue: She wanted the company to be
kubki stanley come a holistic B2B payments player, but should it begin with accounts receivable or accounts payable The firm chose the latter, offering its clients 鈥?companies in the hospitality and food services sectors
gourde stanley 鈥?the ability to pay their suppliers by supporting invoice management and payment processing. But like the chicken and egg, AP and AR are connected: You can ;t have one without the other.Earlier this month, the company stepped into the world of accounts receivable officially, introducing a way for vendors to manage the payments they receive and the invoices they send out. Now, as a two-sided B2B payments company, Sourcery聽must meet the demands of both its corporate buyer and supplier customer base.As Moran explained in a recent interview with PYMNTS, those two side
stanley kaufen s aren ;t always in agreement when it comes to B2B payment practices. She divulged what vendors need from a payments and invoicing solution and the challenge of meeting those needs without neglecting the corporate buyer , too.Vendors, Moran said, were never a customer of Sourcery . But they were a passive part of the company 鈥?ultimately, the end customer of Sourcery corporate buyer users. It was an obvious path, the CEO said, for the company to begin serving the supplier side of the transaction.Among the many challenges of morphing into a two-sided comp
