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3 reasons to fix broken invoicing processes before automation

3 reasons to fix broken invoicing processes before automation

If your business is struggling to manage a lot of back-end processes, it might seem like automation is the answer you need. Just automate all those manual processes to speed things up, and you’re done. Right?

Not so fast. Automating a faulty process by taking out manual human intervention can be a recipe for disaster. Consider an automobile plant with a standard assembly line. Sending parts through the line more quickly without a way to assemble the cars faster will only result in a pile of metal.

Why is Bitcoin failing in the payments space?

Why is Bitcoin failing in the payments space?

As of September 9, 2018, Bitcoin was worth roughly $6,240 USD - and that’s not even it’s highest historical value. In December of 2017, Bitcoin was trading at a value of $19,783 (!). Clearly, Bitcoin and other cryptocurrencies are taking off in the investment arena.

With such a high value, it’s somewhat surprising that we haven’t seen higher adoption in the payments industry. Here at Invoiced, we supported Bitcoin transactions for several years. During that time, only a small handful of our customers used it to make payments.

Real-Time Payments (RTP): the latest addition to your payment arsenal

Real-Time Payments (RTP): the latest addition to your payment arsenal

Imagine the ability to send and receive funds in a matter of seconds. What would that kind of speed do for your business? Automatic reconciliation, closing the books every day, and providing reassurance to a vendor through an instant payment (or vice versa) all come to mind.

Instant payments and their accompanying benefits may seem far off, but they have already become a reality. A new payments system called RTP (short for Real-Time Payments), written and operated by The Clearing House, went live on November 13, 2017. BNY Mellon made the first payment on the RTP network - a whopping $3.50, sent to an account at U.S. Bank.

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