B2B Data Integration and Transformation Blog

Thinkronization Newsletter - April 2012

Many larger companies have adopted electronic processing for purchase orders, shipping notices and invoices but have stopped short of completing the process with the implementation of the electronic payment. Reasons may vary for not closing the loop on the electronic transaction cycle -- from not having an understanding of the return on investment, not knowing how the transactions work, or preferring the ease of cutting a check versus setting up the new process. In fact, nearly 80 percent of business-to-business payments are made by check for simplicity, convenience, or “that that is the way they have always done it”.