Ad Hoc Payments Represent One in Every Four Vendor Payables

Streamlining Ad Hoc Payments With Instant Pay

Non-recurring or ad hoc payments represent 24% of a firm’s total AP volume, and a point of payables friction for most corporates given the size and method of payment (hint, paper) according to a new PYMNTS Intelligence report, “Streamlining Ad Hoc Payments With Instant Pay,” a collaboration with Ingo Money, of 200 enterprise senders. Sixty percent of senders say they see value in making those payments both digital and much faster than today.

Inside the November Report
  • 63%: Share of senders sending tip payouts to employees that already pay fees to make these payouts instantly
  • 80%: Share of senders that think receivers are satisfied with their current ad hoc solutions
  • 31%: Share of senders that expect improved customer/supplier satisfaction would be the chief benefit of adding new ad hoc payment solutions

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