GUIDES AND EBOOKS

The Inevitable Innovation of Spend Management

How digital payment rails connect transaction data to accounting and operations.

What you’ll get:

An introduction to the most commonly used payment rails.
An exploration of the factors that have led to the rise of digital payment rails.
An overview of the pros and cons of different payment rails and their timelines.
A list of the benefits that digital payment methods can bring your business.

What you’ll find in this ebook:

This guide serves as an introduction to digital payment rails and how their arrival made spend management inevitable.

01

Introduction.

Banks and card issuers have opened access to payment processes for others (generally fintech companies) to create software-enhanced financial products that offer more sophisticated functionality than traditional payment methods. The most notable of these are accounts payable software solutions including software-enabled corporate cards.

02

The arrival of digital payment methods.

The percentage of B2B payments being processed through digital payment rails is increasing. Contributing factors include the COVID-19 pandemic, the need to support remote teams, and familiarity with consumer digital payment practices bleeding into B2B markets.

03

Benefits of software-enabled corporate cards.

Corporate cards can now be software-enabled, allowing for benefits such as advanced approvals, real-time visibility into spend, integration with general ledgers, and more.

04

Digital payment methods and their timelines.

Learn about the most commonly used digital payment methods, their timelines, and the pros and cons of each.

05

When payments are digitized, their data can be pulled into other operations.

The digital payment landscape opens doors to make accounts payables more efficient. For example, transactions can be automatically tied to the general ledger and come with a built-in audit trail.