Blog / AP Payments February 7, 2021 One of the main questions real estate companies ask before outsourcing their AP payments is will suppliers be willing to accept new forms of payment? Or, more specifically, will they be so wedded to receiving checks that they’re averse to accepting a virtual card? (A virtual card is similar to a credit card, but it’s sent electronically and is only for payment of a pre-designated transaction or transactions).
Blog / AP Payments Dec 07, 2020 While it’s not clear when exactly life will return to “normal”, we do expect that a lot of the practices that were created in 2020, or at least gained lots of steam, will continue into 2021. That’s, in part, because many of these trends were caused by the shift to remote workplaces and distributed workforces. According to Global Workplace Analytics, a firm that helps employers understand and prepare for the future of work, 25 to 30 percent of the workforce will be working from home multiple days per week by the end of 2021. And it’s not just the Googles, Facebooks, and Twitters of the world that have employees working away from the office. AP teams, as well as many AR workers, are also working remotely. In many cases it seems, they’ll continue to do so.