Eleven percent of firms are currently innovating their AP systems and another 58% plan to start doing so within 12 months, according to âERP Solutions in B2B Payments,â a PYMNTS and American Express collaboration.
A PYMNTS survey of 225 SaaS firm executives for âThe Financial Performance Quandary: Leveraging Automation To Better Manage Non-Payroll Spendingâ found that lackluster visibility and control over non-payroll spending is a key business challenge â one that automation is primed to solve.
Figure Technologies CEO Mike Cagney tells Karen Webster that BaaS can do more than enable digital checking and savings accounts. With the right technologies in place (including blockchain) community banking relationships can be expanded to ease fledgling businessesâ access to capital.