Industry Niche Description
Technology solutions that enable electronic payments for B2B transactions.
Electronic payment solutions prove superior to legacy, check-based methodologies, which can be expensive to process, slow, error prone and labor intensive. While electronic payments have already transformed the consumer payments market, the B2B payments market has yet to transition, generating a significant market opportunity for B2B payments technology solutions.
Attractive target companies within this niche may have the following attributes:
- Companies that provide electronic invoice presentment and payment solutions.
- Software solutions that enable payment technologies to integrate efficiently with legacy accounting and ERP platforms.
- Businesses offering encryption and data security solutions for electronic payment systems.