Did you know the average mid-market company wastes 247 hours annually on manual payment processing? That's more than six full work weeks lost to check printing, envelope stuffing, and reconciliation headaches.
What's worse, manual processes create cascading problems. Late payments damage vendor relationships. Lack of visibility causes cash flow forecasting errors. Fraud vulnerability increases. Employee burnout rises.
The companies transforming this process aren't just saving time. They're redirecting strategic talent toward growth activities instead of administrative tasks. They're strengthening vendor partnerships with predictable, transparent payments. They're gaining real-time financial visibility that drives better decisions.
The question isn't whether to automate payments anymore. It's how quickly you can implement solutions that your team will actually use.
Author and Bio
Written by Miles Busby
Explore articles by Miles Busby on the Slipstream Financial blog, covering topics like fintech innovations, corporate accounting, & payment solutions.