About Half Are Concerned About Postal Delivery Speed
FALLS CHURCH, VA, August 25, 2020 – Over the next few months, roughly 73% of suppliers who serve the real estate market plan to step up their usage of electronic portals to submit their customer invoices, according to a new survey by Nexus, the leading AP automation company for real estate.
About half of the 567 suppliers who responded to the Nexus survey said they had concerns about postal delivery speed, a topic that has been in the news lately.
“Whether it’s concerns about mail float, or trying to avoid digging through long email chains, more and more suppliers are using electronic portals to expedite invoice delivery so they can get paid faster,” said Nexus Director of Supplier Solutions Shalisa Hills. “So, it’s really important your AP automation provider has a robust electronic portal for their suppliers to submit invoices.”
Indeed, since COVID-19 hit in March, and it was no longer business as usual, Nexus saw a 116% increase in invoice submission via its NexusConnect online supplier portal in Q2, compared to Q2 of 2019.
And based on data from the new Nexus survey, that uptick will likely continue, with only 27% of suppliers saying their usage will stay the same over the next few months.