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Friction-free payments + costs to Canadian businesses | Lauren Fleming & Jan Pilbauer

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Manage episode 202978906 series 2177102
Content provided by Payments Canada. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Payments Canada or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Welcome to The PayPod podcast, a multi-episode series of everything to do with Canada’s ambitious payments modernization mission. In this inaugural episode, Justin Ferrabee and Jan Pilbauer of Payments Canada are joined by Lauren Fleming, a financial services advisor from Ernst & Young who recently completed a study for Payments Canada that, among other insights, quantified that the manual matching of payments to invoices cost businesses billions of dollars a year. Lauren explains how, according to the study, a good portion of between $3 and $6 billion dollars annually, currently invested in reconciling account receivables and payables, could be eliminated, ushering in a new wave of service and product innovation among fintech and paytech companies.
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31 episodes

Artwork
iconShare
 
Manage episode 202978906 series 2177102
Content provided by Payments Canada. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Payments Canada or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Welcome to The PayPod podcast, a multi-episode series of everything to do with Canada’s ambitious payments modernization mission. In this inaugural episode, Justin Ferrabee and Jan Pilbauer of Payments Canada are joined by Lauren Fleming, a financial services advisor from Ernst & Young who recently completed a study for Payments Canada that, among other insights, quantified that the manual matching of payments to invoices cost businesses billions of dollars a year. Lauren explains how, according to the study, a good portion of between $3 and $6 billion dollars annually, currently invested in reconciling account receivables and payables, could be eliminated, ushering in a new wave of service and product innovation among fintech and paytech companies.
  continue reading

31 episodes

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