Report: How Modern B2B Payment Options Can Transform the SMB Back Office
A PYMNTs and Plastiq collaboration. This report is based on findings from a survey of 500 SMBs generating annual revenues between $500,000 and $50 million and 100 executives who manage accounts payable and accounts receivable for businesses with the same annual revenue range . The survey was conducted between Nov . 22 and Dec . 20, 2021.
Key Findings:
-Most SMBs are unaware of the modern Accounts Payable solutions that offer instant access to working capital for SMBs to bolster cash flow while automating the back office
-73% of executives that manage platforms or marketplaces that serve SMBs state an all-in-one payment platform like Plastiq would be extremely or very valuable for their SMB customers