Search
 
Expert Opinion

5 Keys to Success in Capturing SMB A/R Automation Market Share

Solution providers must know the adoption barriers and offer solutions that help SMBs overcome them.

By Blair Jeffery | May 20, 2019 at 09:00 AM
Small business owner.

Automating and digitizing accounting operations, including accounts receivable, can help businesses of all sizes save cost, time and effort. Despite many obstacles that smaller businesses face in automating the processing of payments, many are now showing progress toward the ultimate goal of Straight-Through-Processing (STP).

As fintechs pivot to serve this market of five million or more small- to medium-sized businesses (SMBs), STP paves the way for fully automated accounts receivable by electronically delivering all relevant information with the payment. To make virtually touchless A/R processes a reality for this market, solution providers will need to understand the adoption barriers and offer innovative solutions that help SMBs overcome them.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.