B2B payments are a key part of any business, but until now the sector has been relatively untouched by innovation. It’s long overdue. Why? Because current legacy payment systems threaten to negatively affect important supply chain relationships, impacting customer service and ultimately the bottom line. Nowhere is this trend more acute than in the insurance sector, where suppliers are absolutely crucial to the success of policy providers.
In short, it’s time for insurers to look at alternative payment methods to ensure their suppliers are paid quickly, easily, accurately and on time, every time.
This blog highlights three ways insurers can keep suppliers on side.