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The World Bank reports that two-thirds of adults worldwide make or receive a digital payment today, with the share in developing economies growing from 35% in 2014 to 57% in 2021. Efficiency: ePayment systems do not require waiting in long queues in ATMs and banks to withdraw cash or deposit checks.
Invoices must be manually created, printed, and mailed; then you wait for the customer to open the envelope, enter the invoice into his or her own system, process the invoice, print a check, and mail it to your company; then your staff has to open the envelope, deposit the check, and match the payment to the outstanding invoice.
Regardless of the stimulus, his company could have probably weathered the storm, he thinks, possibly. __ This episode of The Cloud Accounting Podcast is sponsored by AccountingSuite. AccountingSuite is cloud accountingsoftware that acts like a customizable ERP system. They've been researching this since 2014.
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