{"id":8612,"date":"2019-06-18T10:00:19","date_gmt":"2019-06-18T10:00:19","guid":{"rendered":"https:\/\/www.voxelgroup.net\/blog\/pain-points-in-electronic-b2b-payments-in-the-travel-industry"},"modified":"2021-04-27T14:26:35","modified_gmt":"2021-04-27T13:26:35","slug":"paint-points-in-electronic-b2b-payments-in-the-travel-industry","status":"publish","type":"post","link":"https:\/\/www.voxelgroup.net\/blog\/en\/paint-points-in-electronic-b2b-payments-in-the-travel-industry\/","title":{"rendered":"Pain Points in electronic B2B payments in the travel industry"},"content":{"rendered":"Tiempo de lectura:<\/span> 2<\/span> minutos<\/span><\/span>[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text]Nowadays, <\/span>the travel industry is one of the most important industries of the planet<\/b>. According to the World Tourism Organisation (UNWTO), tourism has grown above average, at around 4% per year, for eight straight years, becoming the third biggest world\u2019s sector. In 2017, international tourism reached $1,340 billion. Only in Spain, international tourism reached $68 billion, being the second country with more profit in 2017. <\/span><\/p>\n

While tourism has continuously grown, many <\/span>administrative daily processes remain obsolete<\/b>. The invoicing system was one example, where manual procedures and reconciliation made work harder and disrupted the cash flow. Nowadays, the system has been digitised and streamlined with <\/span>electronic billing<\/span><\/a>. <\/span><\/p>\n

Currently, <\/span>electronic B2B payments<\/b> are one of the main paint points of the industry, as there isn\u2019t a specific payment channel to cover the needs and bring innovation, agility and security to the sector. In addition, as there are many actors involved in the process, it is a challenge to create a secure and flawless cash flow. <\/span><\/p>\n

B2B Payment methods and weaknesses <\/b><\/h4>\n

These are some pain points of the payment methods between companies in the travel industry: <\/span><\/p>\n