What is the real cost of failed payments for your business?

In today’s fast moving, highly connected digital economy, corporates of all sizes agree that regardless of how many payments they process daily, the key goal of their payment strategy should be to create the best possible customer experience for all parties in the payments value chain that match their best payment experiences.

Allied to this, having access to accurate and reliable data is essential for managing complex payments to vendors, partners and employees in multiple countries and currencies around the world. Without it, payment processing inefficiencies can lead to higher processing costs potentially damaging reputations and client relationships, as well as hurting the overall business. Indeed, the damage from hidden costs of failed payments can be hundreds of thousands to millions of dollars each year.

Watch our video below to discover the real cost of failed payments and what that could mean for your business.

“Beam Suntory is a truly global business. We use vendors with bank information in over 120 countries around the world. Since uploading the Bankers Almanac Global Payments File ERP, we have increased the speed of our automated process for vendor creation. The other benefit is that we can trust the integrity of the bank information in SAP, as it is provided by Accuity and this is their specialty.”

Beam Suntory