The adage “if it ain't broke, don’t fix it” really only works in specific scenarios. It’s a good rule to follow for things like lawnmowers, cars, and electronics, but what about B2B payments? What if something is functional but not optimal? What if your current processes work okay, but they cost you precious time and resources?

Financial technology, or FinTech, has been opening new avenues for electronic payments in business-to-business companies for years. Many companies have moved away from financially (and environmentally) costly paper checks to inexpensive and time-efficient payment automation, saving money in the process. Heavily depended on by investors, consultants, multinationals, startups, and entrepreneurs, FinTech exists to help solve these problems.

The technological revolution, dubbed The Fourth Industrial Revolution, has gained traffic in the corporate world by fundamentally changing the way many businesses interact with consumers. With the rise of digital currency and a surplus of investment options in payment automation technology, is the next Industrial Revolution really upon us?

Do you know the advantages of accounts receivable automation? Traditionally, a bank lockbox has been used by company Accounts Receivable departments to increase convenience and efficiency.  Lockboxes have been around for decades and much of the traditional bank lockbox's life has been utilized for capturing payment data associated with payments made by check. Commercial banks offered this service to improve efficiency and flow of business transactions simplifying the accounts receivables collection process.

Customers basically leverage the Bank Lockbox to receive check payments in one consistent location. 

ACH transactions to top checks as the top form of B2B payment by 2020. Is your business ready for this payment transformation?

There is no doubt that current FinTech trends have been making a tremendous impact on the role of C-level executives - particularity the CFO. In the past year, we've seen technology create an ever-changing business world resulting in the C-level exec donning a greater focus on strategy and taking a broader approach to business leadership. It's safe to say the CFO has been stepping into a similar role as the CEO.

With technology constantly shaping and disrupting corporate strategy and the way organizations do business, its becoming more important to establish a relationship between CFOs and CIOs.

Today, more than ever, there is an elevated interdependency between the two C-Suite executives to ensure IT spending is aligned with corporate strategy. Its essential for the CFO and CIO to make sure their company is not left behind in a digital environment that is redefining how work gets done, both in the back office and in front line operations.

A CFO's role in a company has transcended closing the books monthly, quarterly & annually...you make strategic decisions in the company and need technology to help improve operational efficiencies and profitabilty.

A new year means a time for change, innovation, growth and betterment. We all set personal and professional New Year's resolutions — some resolutions we keep, some we break...some we never start.