The pandemic fast-tracked the shift to online shopping and made e-commerce an essential offering for businesses across Canada.

There is no doubt that the pandemic has shifted the way we interact with others, spend money, and especially the way we shop.

Like consumers, businesses are pivoting away from traditional payment methods such as cash, cheque and wire transfer to embrace payment solutions that fit their needs.

When it comes to payments, suppliers are looking for flexibility and options. Many businesses are stuck using payment solutions like cash, wire transfers or cheques, which have not kept up when it comes to efficiency.

From improved efficiencies and reduced risk to easier access to cash flow, both buyers and suppliers are beginning to understand the benefits of solutions such as ePayables and commercial payment cards.

It’s no secret that B2B payment trends are shifting away from paper-based methods to electronic processes such as ePayables.