Meet the future of business payments. More than a quarter-century into the Internet age, B2B payments seem more than ever like a relic. Worldwide, as many as 90% of B2B transactions are analog and take place on paper. Even documentation that is nominally digitized, like PDF files, are the practical equivalent of paper. And don’t even think about AR, AP, and reconciliation—all of which remain largely manual processes. Introducing the Crowdz InvoiceXchange The InvoiceXchange from Crowdz, created in partnership with Barclays Bank, changes all of this. The InvoiceXchange in an integrated, all-digital platform that ingests, digitizes, records, and transmits invoices at the click of a button. Payments can be made just as easily, in virtually any common format—ACH, SWIFT, eCheck, credit or debit card, or virtual card. We call it the “Send—Pay—Sell” solution. Because it’s the only invoice solution that combines all three functions into a single, easy-to-use end-to-end platform. Other Benefits And that’s not all. When the production version of the InvoiceXchange is released on November 30 and continuing later in 2020, here’s some of what you’ll be able to do. If you use the InvoiceXchange’s virtual accounts, you can cut your cost of payments by 90% or more.
“Find a need and fill it” is one of the marketing world’s oldest maxims, and it’s a principle that’s at the root of most successful products. Unfortunately, too many companies assume that there’s a need for something just because the product sounds like such a great idea. When I was the marketing lead for a Silicon Valley startup called Quaartz