Content Sponsored by BMO
Digitizing payments has become more important than ever as organizations look to increase working capital, create efficiencies, potentially reduce costs and minimize risk. Furthermore, the COVID-19 pandemic has pushed many businesses to adopt automation as a way to address these concerns across the broad community of suppliers, customers, and partners.
According to a 2020 survey by the Association of Financial Professionals (AFP), nearly 60% of respondents said their organization was very likely or somewhat likely to convert the majority of their B2B payments to suppliers from checks to electronic payments. Only 5% indicated they have no plans to convert.
Journey to Digital Payments Infrastructure
But what does that journey to implementing a digital payments infrastructure for corporates look like? Susan Witteveen, who heads the Treasury & Payment Solutions group at BMO Canadian Commercial Bank, recently moderated a discussion with three experts to discuss best practices:
- Robert Lowther, Senior Vice President of Finance at MNP
- Megan Kells, Head of North American Treasury and Payment Solutions, Product at BMO
- Matthew Bleecker, Director of Payments Optimization Strategy at BMO
View On-Demand Recording of Panel Discussion
This panel discussion took place on February 8, 2021, and is being shared with the permission of BMO.
CLICK HERE to view the on-demand recording or read an edited summary of the conversation.