With businesses realizing the benefits of invoicing software, many have transitioned to using the technology, moving away from using checks for B2B payments.
Aside from this, one in four companies has also moved to electronic invoicing in 2020. A study conducted by Mastercard has revealed that 50% of businesses in North America have added digital collection systems.
The COVID-19 pandemic had companies favoring the use of e-invoicing systems, which carry with them digital payment options like ACH bank transfers and credit cards.
