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Automation and eCommerce Trends in Business
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AI's Rising Influence in Payments
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Overview
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Automation and eCommerce are key trends in business, with mid-sized firms planning to further automate their accounts payable and accounts receivable processes, aiming for improved accuracy, efficiency, and streamlined operations. Small and medium-sized businesses (SMBs) are advised to invest in eCommerce and omnichannel experiences to differentiate themselves in the current economic environment. The payments and digital commerce landscape has undergone significant transformations in 2023, driven by economic turmoil, technological advancements, and changing consumer behavior, with a focus on customer-centric approaches and sustainable models.
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How can businesses navigate the evolving regulations and compliance landscape in the payments and digital commerce space?
How might further automation of accounts payable and accounts receivable processes impact the efficiency and cost savings of mid-sized firms?
What are the potential challenges and opportunities for small and medium-sized businesses in investing in eCommerce and omnichannel experiences?
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