As global economic turmoil increases the cost of doing business, stakeholders are searching for ways to maintain their profit margins, without stripping assets or cutting output capacity. In this episode of PaymentsCast, Ben Thurlow from Adflex's B2B issuance and acceptance team explains how more efficient payment processes can help companies speed up payments, access much-needed working capital faster, and provide strategic benefits that unlock business growth opportunities in the future. 

Commercial cards offer many benefits, such as improving working capital and ensuring prompt supplier payment. Straight-through processing (STP) is here to extend those benefits and increase overall card turnover. 

In this episode, Adflex’s Business Development Manager, Ben Thurlow, introduces STP, providing an overview of everything you need to know about the emerging technology. We break down the market context behind STP and outline the benefits of adopting for both buyers and suppliers. This episode also addresses potential barriers to implementation and explains how STP can become part of a user’s implementation strategy. 

In the first episode of Adflex’s PaymentsCast podcast, Business Development Manager, Ben Thurlow introduces Strong Customer Authentication and unpacks what B2B merchants need to know to ensure compliance before the 14th March 2022 deadline.