In an era where innovation in technology has transformed the way we work and live, it’s hard to believe that 50% of businesses continue to write paper checks. As businesses give up the paper and modernize their B2B payments, virtual cards are among the fastest growing means of electronic payments. The following document explores four case studies that demonstrate how virtual cards are enabling financial executives to overcome the barriers that have prevented more wide scale adoption of electronic payments, including security, acceptance and implementation.

Often overlooked, the finance area is not immune to the need for innovation. The following examples showcase financial leaders who are successfully modernizing their company’s payables with virtual card payments. “Executives that are stuck in old fashioned ways of doing business run the risk of being left behind as companies continually seek to progress through new technology.” Serge Laroche, Regional Financial Controller, The Fairmont Royal York