New research sponsored by AvidXchange shows compelling new insights on the future of financial technology (fintech) in the businessto-business (B2B) space. In the past few years, B2B fintech has transformed from simple, on-premise accounting systems that help organizations manage their financial data to cloud-based, dynamic solutions that leverage disruptive technologies to transform financial processes.
Among the most talked about innovations are artificial intelligence (AI), machine learning, blockchain and big data.
While the research reveals that B2B companies are becoming more knowledgeable and open to adopting these technologies that promise to change the way they work, it also shows that most businesses are unaware of how these technologies play a part in daily processes and provide newfound advantages.
Here, we take a closer look at how these technologies are impacting the B2B fintech space and how they are being embraced by its customers.