SAN MATEO, Calif.–(BUSINESS WIRE)–Tipalti, the leading global payables automation solution, has released findings from a survey of finance and business executives that identifies the importance of making streamlined payments to suppliers. The study, “Supplier Payment Automation Strategies,” found that a majority of companies (68%) believe it is critically important to retain long term business relationships with their payees and that payments is a critical touchpoint in that experience. The study also found that a high number of respondents (32%) admit they do not screen payees for drug trafficking, money laundering or terrorism against national blacklists like OFAC prior to each payment, and in addition another 24% aren’t sure if they take this measure.
