Banks have a lot to gain by helping their customers modernize the way they pay and get paid.
Reduced CostsA2A Automation simplifies and modernizes business-to-business payments. Converting checks to electronic transactions enables banks to reduce costs. And A2A Automation provides new capabilities for driving Real-Time Payment (RTP) volume.
A2A Automation provides banks with a powerful tool to helping businesses manage their liquidity. Automated accounts receivable data reconciliation helps large businesses manage payment transactions and data across complex core enterprise systems.
Automated invoice processing in accounts payable data helps small, medium and large businesses eliminate inefficiencies in their financial processes that can undermine cash management.
Thirty-four percent of treasurers say their business plans to invest in accounts payable or accounts receivable improvements
A2A Automation provides banks with a service they can offer business clients to eliminate friction in the way they pay and get paid. And providing a better level of service on payments opens the door to new revenues.
Payments hold the valuable data that creates the opportunity to monetize ancillary services by using that data to automate, forecast and productize payments.
A2A Automation makes payment transaction and data accessible for banks. For instance, receiving more transaction data helps inform bank lending decisions.
Treasurers from both large corporations and small businesses are increasingly turning to nonbank platforms to reduce payment complexity. A2A Automation levels the playing field and differentiates banks with an innovative offering for businesses.
Does your bank want to help its business clients reduce complexity and risk, cut costs, and simplify and automate payments processes? If so, A2A Automation can help.
A2A AUTOMATION CAN ENABLE YOUR BANK TO FACILITATE FAST & SECURE PAYMENTS AND THE SEAMLESS EXCHANGE OF DATA BETWEEN BUYERS AND SUPPLIERS.
This article is part 7/7 of our B2B REVOLUTION series where we explore the current B2B landscape and the next evolutionary phase in payments.
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