Electronic Payment Systems: The Complete Guide
AvidXchange
SEPTEMBER 1, 2017
AvidXchange found that 81% of payments were made by check in 2004, 74% in 2007, 57% in 2010, and about 50% today. An upgrade to electronic payments can affect both accounts receivable and accounts payable departments, as the system used to manage payments may be shared between the two functions.
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