Taming the Chaos of Customer Payment Portals
We recently joined Esker On Air to discuss a challenge that’s reshaping accounts receivable: the explosive growth of customer payment portals. The conversation with Dan Reeve, Esker’s VP of Sales, revealed just how much this shift is impacting businesses worldwide. The story behind Monto starts with a frustration many AR teams know too well. During […]
The Hidden Cost of Late Payments
Every morning, accounts receivable teams across the country log into their computers with one critical mission: ensuring payments arrive on time. Instead, they begin what feels like a digital scavenger hunt through dozens of payment portals – each with its own login, its own rules, and its own way of saying “invoice rejected.” This maze […]
4 Ways Supplier Portal Automation Improves Your Accounts Receivable Process
Payment lags are extremely frustrating, especially when you’re responsible for managing cash flow at an accounts receivable (AR) department. A weak accounts receivable process can come with a whole plethora of unintended (and potentially catastrophic) consequences, including: When these consequences snowball, they can have devastating impacts within your organization — ranging from a production and […]
Announcing Monto’s new NetSuite integration
The challenge we’re addressing The proliferation of supplier portals has created new complexities for accounts receivable teams. With over 300 commercial AP portal providers globally and portal usage growing at 30% year-over-year, many businesses find themselves navigating multiple portals, each with its own login credentials and unique workflows. This fragmentation leads to delayed payments, reduced […]
Monto exits stealth with $9 million in seed funding to bring order to B2B payments chaos
Backers include Scale Venture Partners, Verissimo Ventures, F2 Venture Capital, Firsthand Alliance and Room40 Ventures, as well as serial entrepreneur Ariel Maislos and angels from Intuit, Plaid and Salesforce. At Monto, we couldn’t be more thrilled to announce we’re exiting stealth with $9 million in seed funding to build the future of B2B payments! Our […]
Zero Touch Payments
🛎️ What if you could get paid without doing anything?Let’s break down what Zero Touch Payments are, why they’re important, and how they benefit you. What are Zero Touch Payments? Zero-touch payments mean getting paid without any manual work. With digital platforms, AI, and integrated systems, payments are processed automatically and securely without human touch. Sounds […]
A Simple A/R Process Becomes a Nightmare
Here’s a common situation: A B2B supplier sells a product/service, the customer is satisfied and really pleased with what they got, but the supplier doesn’t receive payment. As peculiar as it may seem, this is a common situation for accounts receivable (or billing and payment collection) teams. In this article, we will depict, at a […]
How AP Portals Automation Decreases Late Payments
Late payments are a persistent problem in the world of receivables. According to Atradius, over 55% of all B2B invoiced sales are currently overdue. Adding insult to injury, bad debt impacts 9% of all B2B credit-based sales. So why are B2B businesses struggling with late payments? The big shift in how businesses get paid Billing […]
