In a new research note, Digital Corporate Payables: A Complicated and Changing Landscape, defines traditional automated payables systems and then compares and contrasts them with some of the myriad other systems that occupy the vast and complex world of corporate payments. The note also provides a high-level sampling of information about vendors offering solutions across the ecosystem, as well as ways in which banks can help their corporate clients make the correct choices for their unique structures.
Automated payables is one of those areas in the corporate payment space with a fair amount of definitional leeway, since it tends to mean different things to different people. Bankers have a different perspective from corporate clients, but the discussion gets complicated across numerous bank products and corporate systems, which are typically a combination of bank and fintech solutions.
Highlights of the research note include:
- Definitions of various digital payments systems and how they often integrate
- Graphical depictions of several digital payments models and systems
- Distinguishing between infrastructure and software in corporate and bank digital payments
- A discussion and chart of various ways digital payments integrate with the procure-to-pay corporate process flow.