Your Role
C-Level
C-Level
VP Level
VP Level
Director Level
Director Level
Manager Level
Manager Level
Other
Other
Finance
Finance
Other
Other
(Transaction here may mean anything from the process of procurement requisition to payment settlement that the organization does)
Yes
Yes
No
No
Not sure
Not sure
It’s the same as last year
It’s the same as last year
AR/AP process automation leading to convenience & accessibility of transactions
AR/AP process automation leading to convenience & accessibility of transactions
Attractive rates and fees resulting in operational cost optimization
Attractive rates and fees resulting in operational cost optimization
Clear process leading to ease of use and reduced errors
Clear process leading to ease of use and reduced errors
Increased visibility that support advanced analytics and payment trackability
Increased visibility that support advanced analytics and payment trackability
Fraud prevention as transactions are processed by secure gateways
Fraud prevention as transactions are processed by secure gateways
Increased compliance due to digital auditing,
documenting and verification
Increased compliance due to digital auditing,
documenting and verification
Faster processing due to reduction of approval loops
Faster processing due to reduction of approval loops
Wire transfers (e.g. Fedwire, CHIPS, RTP)
Wire transfers (e.g. Fedwire, CHIPS, RTP)
ACH payments (Electronic bank transfers like Fed ACH & TCH)
ACH payments (Electronic bank transfers like Fed ACH & TCH)
Online payment platforms (Payment Gateways like PayPal, Stripe, Square, and Bill.com)
Online payment platforms (Payment Gateways like PayPal, Stripe, Square, and Bill.com)
Card Payment Systems (Debit, Credit, Prepaid Cards, one-time virtual cards)
Card Payment Systems (Debit, Credit, Prepaid Cards, one-time virtual cards)
Inoperability between different digital transaction mediums
Inoperability between different digital transaction mediums
Inability to address industry-specific problems
Inability to address industry-specific problems
Exposure to risk and B2B payment fraud
Exposure to risk and B2B payment fraud
Lack of visibility of the complex B2B payment life cycle
Lack of visibility of the complex B2B payment life cycle
Time associated with B2B Payment cycles
Time associated with B2B Payment cycles
Administrative costs and overheads
Administrative costs and overheads
High Processing Fees
High Processing Fees
Industry and cross-border regulatory challenges
Industry and cross-border regulatory challenges
Need for an efficient and cost-effective transaction system for invoicing
Need for an efficient and cost-effective transaction system for invoicing
Better utilization of resource and time by automating redundant tasks
Better utilization of resource and time by automating redundant tasks
Faster payments and better supplier management
Faster payments and better supplier management
Improved visibility and control over payments
Improved visibility and control over payments
Optimized working capital management
Optimized working capital management
Need for reduced risks and enhanced security
Need for reduced risks and enhanced security
Integration of Payments data into the Financial Systems/ERP etc.
Integration of Payments data into the Financial Systems/ERP etc.
Utility in terms of your cross-border transaction requirements (Global payment processing capabilities like preferred payment types, currencies and languages)
Utility in terms of your cross-border transaction requirements (Global payment processing capabilities like preferred payment types, currencies and languages)
Security in terms of advanced fraud prevention capabilities (includes strong user authentication and risk management)
Security in terms of advanced fraud prevention capabilities (includes strong user authentication and risk management)
Availability of integrations with popular accounting tools for better visibility of the financial transactions.
Availability of integrations with popular accounting tools for better visibility of the financial transactions.
Analytics and Reporting abilities of the tool (in terms of sales intelligence, conversion rates, and reconciliation options)
Analytics and Reporting abilities of the tool (in terms of sales intelligence, conversion rates, and reconciliation options)
Ease of use and speed of approvals
Vendor reputation (as per leading review platforms)
Vendor reputation (as per leading review platforms)
Pricing Options and plans
Pricing Options and plans
Ease of API integration
Ease of API integration