The future of B2B payments is evolving rapidly, requiring suppliers to be fully integrated into buyers' digital infrastructure.
Visa launched the Visa AR Manager to streamline B2B virtual card payments, catering to the demand for real-time transactions and minimal human intervention.
B2B automation has progressed from email-based to batch file-based, with the current focus on API-based automation for real-time order processing and payment reconciliation.
Straight-through B2B processing, enabled by technologies like virtual cards, is becoming essential for suppliers to meet the speed and accuracy demands of buyers.