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Article|||November 16, 2021

Delayed And Flawed Payment Operations Are A Continuing Crisis For Many Companies

How quickly and accurately businesses process the payments they receive from companies and customers is — literally — a bottom line issue.

How quickly and accurately businesses process the payments they receive from companies and customers is — literally — a bottom line issue. Left unaddressed, slow or flawed payments operations can become a slow-moving crisis that threatens the financial health and future of organizations. Symptoms include customer service problems, frustrated users, vendors or partners and lost funds.

Without knowing exactly how much money they have on hand or being able to tap into all the funds they think they have, companies could be at a disadvantage in being able to respond to new opportunities or corporate emergencies.

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