BILLTRUST | MANUFACTURING WHITE PAPER Digitization: The final factor The need for digital accounting The manufacturing sector is a leading adopter of digital and advanced technology. It’s transforming, not just supply chain and production operations, but also partner ecosystems and business models. Digital technology holds tremendous potential and is likely to be decisive in determining the fate of industrial manufacturing companies for years to come. Yet, while many manufacturers have been automating their production lines, they haven’t been updating their financial processes and now the need to do so has become critical. Customers are demanding choice in how they pay and the proliferation of payment options is making cash application more and more difficult. Globalization is ad

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