Ep497: How B2B payment technology is changing and what it means for businesses

Pat Bermingham, CEO, Adflex

Straight-through-processing (STP) is buyer-initiated, removing the processing burden from the supplier and allowing prompt reconciliation of transactions and greater control over cash flow, not to mention added security and process efficiency. These advantages are being thrown into stark focus at present, given the current unsettled global economy and offer benefits to all businesses but perhaps especially to SMEs, providing an automated and frictionless process to accept and send payments, thereby engendering better business relationships and faster growth. Pat Bermingham, CEO of Adflex, discussed STP with Robin Amlôt of IBS Intelligence.