Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


Bottomline Technologies (NASDAQ:EPAY), a leading provider of technology solutions to help businesses pay and get paid, today announces the results of its 2017 B2B Payments & WCM Strategies Survey, which was jointly sponsored with Bank of America Merrill Lynch and managed by Strategic Treasurer. The survey reveals the significant market opportunity for banks to innovate in business payments for their corporate clients.

Finance leaders surveyed indicated that they select bank partners based on the strength of their business payment offerings – with 45 percent citing this as either an important or major factor in the selection process.

Efficiency and productivity were selected as the primary drivers for automation of the accounts payable process, and ACH was selected as the most efficient payment type. Despite more than half of respondents (55 percent) viewing cards as a less efficient business payment method than ACH or wire, 26 percent indicated they will increase spend on card programs in the coming year. This increased card usage is likely fueled by other working capital optimization benefits card provides, such as delayed settlement and rebates.

Additionally, nearly one in four finance leaders (23 percent) said they process more than $1B in accounts payable spend annually, highlighting a sizeable opportunity for banks.

“As our study confirms, business payment offerings are a critical factor for many clients when it comes to bank selection,” said Craig Jeffery, Managing Partner at Strategic Treasurer. “There is a major opportunity for the banking sector to innovate and meet clients’ needs for efficient business payment solutions.”

“It is clear that the emphasis is on banks to help their clients streamline payments,” said Jessica Moran, General Manager of Cloud Payment Solutions from Bottomline Technologies. “By making card transactions as efficient as ACH and combining all payment types (card, ACH, check, wire) into a single process, banks can enable their clients to maximize AP spend automation, cost-savings, and rebates.”

The 2017 B2B Payments and WCM Strategies Survey captured the responses of 335 corporate and bank practitioners at some of the world’s largest businesses and financial institutions. The survey polled respondents on their views on new and evolving payments technology, payment security, working capital management, and the current regulatory environment.