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The Payments Problem Small Businesses Don’t Know They Have

  • The circle of trust in risk management extends to small businesses as well.
  • Five key threats that can harm the circle of trust include credit risk, payments risk, counterparty risk, fraud and security risk, and compliance risk.
  • Despite technological advancements, 75% of firms still rely on paper checks for payments, increasing fraud risk.
  • BILL, a platform-based solution, helps automate back-end processes and ensures compliance and risk control.

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