B2B electronic payment barriers according to financial professionals worldwide 2020
Financial experts believed a lack of integration with their accounting systems was a problem for using electronic payments in the B2B segment in 2020. More than three out of 10 respondents to an online survey held during a virtual conference even believed this issue to be a "major barrier" on how their organization would use elecronic payments. Sn an additional 36 percent of respondents thinking this was a "minor" issue. When adding both "major" and "minor" together, however, it was lack of customer or vendor adoption that worried financial professionals the most. Indeed, developments in B2B payments mostly occurred within companies that specialize in developing new types of software. One example includes invoice automation software, with AvidXchange being