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Long Road Ahead Despite Acquisitions, Discount Retailers Face Challenges Ratings Banks Excel On Compliance Acquisitions To Expand Crypto Derivatives End-of-year Auto Sales Surge Expected To End Year-end View More Acquisitions Bankruptcies Commodities Consumer Spending Digital Transformation E-commerce Economy Inflation News Omnichannel News Real Estate Retail Ted Rogers School Of Management Ted Rogers School Of Management City University Of Toronto Variety Wholesalers It May Seem Obvious That Cumbersome Processes Are Bad, While Streamlined Workflows Are Good.

But The Reality Of Adopting Digital Transformation And bc data america Automation In Back-office Operations Is More Nuanced And Even More Challenging Than It First Appears. Nonetheless, News Broke On Tuesday That Its Accounts Payable Platform Has Released New Capabilities To Help Canadian Businesses Automate Supplier Payments And Adopt New Payment Technologies To Stay Competitive, Both For Buyers And Suppliers. First Things First. Traditionally, Payments Have Been A Slow And Cumbersome Process, Often Involving Paper Checks, Lengthy Approval Cycles And Complex Reconciliation Procedures.

Bringing Digital Payment Automation And Even Artificial Intelligence Into The Space Promises To Streamline These Processes, Providing Faster Transaction Times, Better Visibility, And More Accurate Data Management. However, Transactions Have Become Complex Due To Factors Such As Regulatory Compliance, Diverse Payment Methods, And The Need For Strong Security, Which Means That Simply Adopting New Technologies Is Not Enough. Businesses Must Also Manage Change Processes Effectively To Realize The Full Potential Of These Innovations.