📣Futurology from PYMNTS Intelligence – new opportunities for B2B payments in data-rich environments

📣Futurology from PYMNTS Intelligence – new opportunities for B2B payments in data-rich environments

Some theory about how by 2030 data, analytics, and the use of new technologies will significantly impact all aspects of B2B payments:

🔜 Big data and new ways of working with it can provide valuable information about payment processes, history, customers, suppliers, and other factors, which will help improve the efficiency and effectiveness of B2B transactions.

🔜 AI is on trend. In the near future, it will simplify automating compliance with regulatory and legal requirements. Consequently, it will be possible to avoid on penalties.

🔜 Security – protection against fraud through advanced analytics and machine learning. Multi-level security measures will become more complex, providing reliable protection against evolving threats.

🔜 Companies, banks, and other network players will be integrated, which will undoubtedly make not only real-time data exchange more efficient, but also teamwork.

🔜 Automated end-to-end invoice processing will save time and neutralize the human factor. However, the initial costs of modernization can be a barrier for companies with limited resources. According to research, 36% of small and medium-sized businesses (SMBs) cite cost and complexity as obstacles to automating workflows related to inputs such as accounts payable and accounts receivable.

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