Electronic Payments and Online Portals Will Dominate 2021

In a survey of 3,000 suppliers, Nexus found fears around COVID-19 and mail delays are driving suppliers further toward electronic payments (virtual card or ACH). Suppliers also plan to skip email and USPS to submit their invoices, and instead use electronic portals. Real full report Supplier Behavior – Invoicing and Payments in 2021.

Prompter Payments

When selecting an automated payments solution, make sure checks have the same numbers.

of suppliers prefer electronic payment methods (virtual card or ACH) over check because they’re faster, and aren’t subject to mail float. *

Don't settle for hidden fees with your automated payments solution

of suppliers plan to accept electronic payments (virtual card or ACH payments) from MORE of their real estate customers in 2021. *

Don't settle for hidden fees with your automated payments solution

Portals Prevail

Don't settle for hidden fees with your automated payments solution

of suppliers reported they plan to step up their usage of all electronic portals to send invoices throughout 2020 instead of using mail or email. **

Don't settle for hidden fees with your automated payments solution

* Nexus Supplier Survey, October 2020. ** Nexus Supplier Survey, August 2020.

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2020-12-09T13:31:03+00:00
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