The pandemic has created a sense of urgency for digitization in businesses and small businesses, and financial workflows are no exception. The chief financial officers, now unable to enter offices to cut checks and receive paper bills, have been forced to speed up modernization efforts to keep business moving.

As organizations gradually get used to this new normal, finance directors and treasurers are awakening to the realization that forced digitization has indeed opened up opportunities for financial optimization. Today, these findings lead companies to shift their requirements to their banking and FinTech partners.

Clayton Weir, Co-Founder and Chief Strategy Officer at FISPAN, has been a vocal advocate of innovation in commercial banking for years – and as the pandemic accelerates the modernization spurt, now is the time for financial institutions (FIs) to seize the opportunity to do better …

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