Small businesses can overcome back-office disconnects with digital payments

Small businesses can overcome back-office disconnects with digital payments

As business payments become more digital, maintaining back-office structures becomes more critical. According to statistics, 82% of small businesses fail because of cash flow problems. In response to COVID, companies have had to look inward at major pain points within their organizations. Ajay Mishra, CEO at Plastiq, says cash flows are composed of multiple layers. According to him, real-time payments are only one aspect of a company’s cash flow.

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