In today’s rapidly evolving business landscape, Chief Financial Officers (CFOs) are embracing forward-thinking strategies and data-driven decision-making. However, accessing new credit opportunities remains a challenge, particularly with the surge in corporate debt defaults.
Brandon Spear, CEO of TreviPay, proposes that banks can better serve their business clients by expanding lending-based services and offering value-added invoicing and payment solutions. He highlights three key reasons why this approach is vital:
Overall, Spear emphasizes that offering managed receivables, global invoicing and flexible payment options can enhance cash flow, mitigate non-payment risks and drive customer loyalty. This approach aligns with the digital resilience and data-driven operational strategies sought by modern CFOs, making banking partnerships more attractive for enterprises.
