“ Many organisations still underestimate how much friction exists within fragmented international payment processes, particularly for Tier 2 and Tier 3 suppliers managing multiple banking systems, varying FX costs and inconsistent settlement times,” says Gary.
These inefficiencies can quietly damage supplier relationships and create operational risk within the wider supply chain.
Harnessing embedded payments can help solve this by centralising payment activity within a single platform environment, giving businesses much stronger visibility, better reporting and a far clearer understanding of how suppliers are actually being paid across the ecosystem.
The Hackett Group’ s 2025 Digital World Class Procurement echoes this, highlighting that those adopting intelligence-driven operating models and embracing technologies are accelerating execution, capitalising on opportunities more quickly and driving greater strategic impact.
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