Blair Jeffery
Chief Operating OfficerBlair Jeffery is the Chief Operating Officer for Noventis, Inc.
Blair Jeffery is the Chief Operating Officer for Noventis, Inc.
By improving STP processes for small business, these players will greatly expand their reach of serviceable suppliers, resulting in higher revenues and better service for the clients they serve, writes Blair Jeffrey, COO of Noventis.
While there are automated reconciliation and straight-through processing (STP) solutions for large businesses, small businesses, in particular, continue to be underserved due to their smaller and less frequent invoices, contends Blair Jeffery, COO of Noventis.
SMBs are choosing virtual cards as their preferred form of electronic payments because they solve many of their payment challenges, while also helping them avoid the costs associated with custom software solutions designed for larger businesses, writes Blair Jeffery, COO of Noventis.
Traditional checking hasn't faded nearly as fast as original predictions at the dawn of online banking. Checks will remain a major part of payments, though there are some signs of an eventual decline.