The Evolution of Payments: How ePayments Can Transform Finance and Optimize Working Capital

Levvel Research’s top industry analysts talked to hundreds of payment leaders to uncover insights on back-office finance trends and ways to improve payment management processes. The data suggests that organizations are quickly moving away from traditional payments processes and methods toward more modern technology. This attitude is only amplified by the pandemic, where organizations have even greater incentive to increase organizational efficiency. Finance professionals are excited about the potential of new technologies like real-time payments and blockchain to streamline their payables processes, manage risk, and optimize working capital.

Levvel’s 2021 Business Payments Insight Report explores the current state of payments management and how to make organizations’ payments structure less laborious and more efficient. Organizations will also receive an overview of several optimal payment technologies and financial management strategies available today.

Insights and data included:

• Industry benchmarks around utilization of ePayment platforms and its functionality
• The top concerns and priorities around payment methods, allocation, and AP working capital
• ROI and business use case implementation in adopting ePayments solutions

Every organization has to incorporate payment transactions for utilities, transportation, suppliers, vendors, among others. These different payment methods can come with different price tags, level of security, and speeds. How companies choose to make these payments is incredibly important, as this can impact their bottom line.