B2B Eases Supply Chain Disruptions via Digitization
Digital payment technologies help solve procurement issues
B2B companies have invested more substantially post-pandemic to help offset the supply chain issues that greatly disrupted their business processes in the last few years. These businesses expect their investments to pay off by ensuring that these systems improve the efficiency of their processes for purchasing goods and services during normal business conditions and enabling quicker responses to future disruption.
Lessons Learned from Supply Chain Disruptions
Businesses learned two critical lessons from the pandemic regarding the supply chain disruptions:
- Run tighter control of key payment processes, especially procurement.
- Digital technology is essential to achieve and sustain these desired outcomes.
Pymnts.com conducted a survey of 500 CFOS from healthcare, finance, insurance, retail and manufacturing companies to see how they are investing in digital payment technologies to solve for procurement issues that impacted their supply chains.
Please select this link to read the complete article from OSAP member i3 Merchant Solutions.