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How to improve your international procure-to-pay process

B2B payments

Mismatched invoices. Lost payments. Hours of reconciliation. For companies operating in international markets it can be difficult to manage spending abroad and integrate that efficiently with accounts payable processes. Often the invoices are not aligned with payments, and too many times the payment received is not the full amount due to international fees and FX charges removed along the way.

There can be enough challenges with the procure-to-pay (P2P) process to begin with, and adding in international payments can cause even more of a headache. It’s important for companies to align their procure-to-pay processes across departments and enact software that streamlines systems.

The $1 trillion world of the B2B payments market, and what it means for procurement

If you are one of the many procurement people who find the world of B2B payments a bit of a mystery, worry not, for our payments specialists at Spend Matters are holding webinar discussions to clarify just how this space relates to procurement and to answer all your questions. One session will be held for North America and another for Europe. Register here.