Why SmileDirectClub Uses Digital Lockboxes to Streamline Receivables

Reimagining Business Payments: How Digital Lockboxes Unlock AR Efficiencies

Integrating digital-first invoicing and payment solutions with ERPs has become a CFO priority. PYMNTS’ Reimagining Business Payments Report, a collaboration with Billtrust, explores how SmileDirectClub uses digital lockboxes to streamline receivables and build the paper/digital payments bridge.

Inside the January Playbook
  • 93%: Portion of businesses that will try at least one new payment method within the next year, including contactless payments, QR codes or cryptocurrencies
  • 85%: Share of CFOs who say their businesses are making more card-enabled digital payments than they were in March 2020
  • 91%: Portion of CFOs who say accelerating their organizations’ payments digitization has made payment operations more efficient

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    Business Payments Report

    The AR Transformation Solution: Easing And Accelerating Payments From Business Customers