👀 United Kingdom🇬🇧: 8 out of 10 companies plan to optimize payments in 2025

👀 United Kingdom🇬🇧: 8 out of 10 companies plan to optimize payments in 2025

A study by American Express revealed that 78% of British business owners aim to improve corporate payments, and 39% will do so as part of growth strategies.

▶️ The study, titled «The Amex Trendex: B2B Payments Edition», was based on a survey of 500 decision-makers.

▶️ Impact on business relationships: 30% of executives believe that payment delays can lead to the breakdown of business relationships, and 4 out of 5 say that fraud (even in isolated cases) affects trust with clients (79%) and suppliers (80%).

▶️ Administrative burden: 27% of respondents admit they spend too much time managing payments.

▶️ Automation as a solution: 49% believe it optimizes payments, and 25% highlight time savings as a key advantage.

▶️ Tools used: AP (accounts payable), AR (accounts receivable), virtual and static card processing, push payments, and EIPP (electronic invoicing and integrated payments).

▶️ Adoption level: Despite the benefits, only 1 in 7 companies has fully automated their payment process, while another 1 in 7 has yet to implement any automation.

#news #Europe #fraud

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