Management in the forefront of everyone’s mind.”leavitt concurred, noting that well-established solution providers can attract . Companies precisely because they offer a sense of security.“part of the role that we serve . Is to create trust,” he said. “when there’s uncertainty, there is a flight towards safety, . Across many different dimensions: economic safety, security. Our long-standing relationships with financial institutions mean they . Count on us to be consistent and safe.”keeping an eye on payments modernizationseveral years of .
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Disruption from covid and geopolitical malta phone number data tensions have accelerated a trend toward modernizing payments. The adage, . “if it’s not broken, don’t fix it,” holds less sway in an environment where paper . Checks introduce delays and hamper transparency.Both executives said the shift to digital forms of payment . Is well underway, with no sign of retreat.“there’s nobody in my world saying, ‘we may . Go into a recession, let’s keep printing checks,’” edwards said.That might have been unthinkable just . A few years ago, but digitization is now the rule rather than the exception, especially .
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For real-time disbursements and commercial card payments, he said.Leavitt said the contractual nature of bb . Agreements means there may not be cross-platform compatibility an immediate push for real-time settlement, but digitization is, . Nevertheless, accelerating. Suppliers may jump at faster settlement, particularly if it means guaranteeing quicker access . To capital.“a payment might be due in days, but the buyer might typically pay in . Or ,” leavitt said. “if suppliers can get paid at day for agreeing to accept . Commercial cards or other digital solutions, they do it.
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That gives them a working capital . Advantage.”embracing new technology is a prime way to weather ups and downs.“in an environment like . This, the push to modernize payments and find new ways to optimize money flow is . Magnified because cfos are asking themselves: ‘how do we stay relevant and cut costs — . Or even turn a cost center into a revenue center?’” edwards said.Comparing today’s uncertainty to . Covidperhaps no benchmark stands out for abrupt disruption and uncertainty more than the covid- pandemic.
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. Although some parallels exist, such as sudden-almost-overnight supply chain backups, macroeconomic tremors, uncertainty about when . There could be more certainty and sudden regulatory shifts, leavitt and edwards agreed this latest . Round of turmoil is not a repeat of those “bad old days.”where covid locked down . Entire economies overnight, today’s environment involves incremental changes in cross-border tariffs, new regulations and the . Specter of a potential economic slowdown.“the pandemic turned out to be a boom for the .