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[Slideshare] Evolution of B2B Payments
- 1. The Evolution of Payments Past, Present & Future
- 2. Whether you’re ready or not, the world of payments is CHANGING.
- 3. BUT first, let’s take a trip down memory lane.
- 4. The concept of a credit card was first discussed 1887
- 5. Electric money was born1918
- 6. The first bank card was used 1946
- 7. American Express joins the credit card industry 1958
- 8. The first networked ATM emerges 1968
- 10. First online B2B transaction occurred 1981
- 11. Mastercard introduces the virtual credit card 2009
- 12. So now that we’ve covered THE HISTORY
- 13. Let’s take a look at WHAT IS GOING ON TODAY
- 14. In the U.S. in 2012, there were an estimated 122.8 B non-cash payments
- 15. Here’s what the Distribution looks like
- 17. That’s a lot of electronic payments
- 18. Businesses used to think their vendors wouldn’t accept ePayments…
- 19. Not anymore.
- 20. *2013 ePayments Survey, The Association of Financial Professionals
- 21. So how can your business adopt these best practices?
- 22. Who We Are is the industry leader in accounts payable automation designed to make the lives of finance professionals easier and more efficient. Nearly 5000 customers in the United States, Australia and Canada use AvidXchange’s software and award winning services and support to streamline their AP process – without losing the control and visibility.
- 23. Integrated Platform: All the Tools You Need in One Place Electronic Invoice Data Capture Invoice Approval Workflows Invoice and Payment Reporting Accounting System Integration Utility Bill Management & Reporting Automated Bill Payment
- 24. This Is What Happens When You Use AvidXchange.
- 25. Reduced Costs 60% Reduced invoice and payment processing costs by eliminating hard and soft costs such as paper, postage, and labor.
- 26. More Time 25 Days Back in your life since AvidXchange clients process invoices at an average of 3 days compared to the industry average of 28 days.
- 27. More Visibility 24/7 Real-time visibility into the status of your invoices and payments. And you know what that means? Better cash flow management.
- 28. Automation Is The Future of Accounts Payable.
- 29. Are you ready to see how we can TRANSFORM your accounts payable process? Schedule a Demo