As central banks around the globe ratchet up interest rates to rein in soaring inflation, a wave of currency volatility has ensued, as has the need for SMBs to seek new technology that can help mitigate the challenges of cross-border payments and unpredictable FX rates.
The findings in âThe Financial Performance Quandary,â a PYMNTS and Airbase collaboration, showed that automated systems can reduce the data errors that cause problems in-house, slow payments to vendors and lead to late fees.
Omri Mor, CEO of Routable, tells Karen Webster how optical character recognition (OCR) is helping firms quickly and accurately extract data from invoices needed to pay out thousands of vendors each and every month.