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A strong payment infrastructure provides essential plumbing to carry the financial flows of businesses. For most companies, payments move via an orderly process that has followed the same slow, steady schedule for decades. But today, for the first time in 40 years, corporate treasury departments have a new option: real-time payments (RTP). Companies can now add a new pipe to their plumbing to accommodate funds transfers that move at unprecedented speeds.

The idea sounds compelling, but changing a core corporate system that’s already working well can be frightening. At first sight, RTP may seem like an intimidating, costly investment that offers only amorphous benefits. Cost-conscious corporate treasury departments rarely set aside large budgets for innovation in accounts payable (A/P) and accounts receivable (A/R) systems.

The most successful RTP adoptions are those that are carefully designed to fit an organization’s unique and specific needs, ultimately making their treasury teams integral to the company’s strong relationships with clients and business partners. At the end of the day, a successful payment ecosystem is one that mixes and matches payment methods so that each payment utilizes the settlement method that is best for both the buyer and the seller.

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