Payment trends over the last 3 years indicate that the use of checks has declined by nearly 14% while the adoption of ACH, Credit Cards and Virtual Cards is rising steeply. However, if you are like most companies you might be struggling with controlling the costs of processing e-payments, or being able to drive your customers to adopt e-payment methods. Does that mean that the utopia promised by e-payments is a myth?
The Payment Maturity Model has been developed to help you analyse how you well you are placed to capitalize on changing payment trends to the advantage of the A/R team. Devised after working with more than 350 account receivable teams across industries, the maturity model is the definitive starting point for A/R leaders to understand current process effectiveness and to define actionable next steps to ascend the maturity pyramid.