Boston, March 7, 2018 – Interactions with corporate users are process-driven rather than interactive, demanding a complex level of integration with the bank’s back-office systems and a set of orchestration and connectivity flows that characterize the complexity of corporate bank transaction services. Business-to-business commercial payment services must recognize the nature and the objective of the payment transaction in order to determine the most appropriate application and channel to execute the payment transaction and the associated service fees.
This report examines the situation of business-to-business commercial payments strategies in the procure-to-pay marketplace for select U.S. industry sectors . Aite Group used publicly available information, the analysts’ deep industry expertise, and interviews with select industry specialists to form the basis of this research.
This 23-page Impact Report contains seven figures and six tables. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.