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From the Desk of Dean M. Leavitt, Founder and CEO
August 7, 2023
Innovation is incredibly important, as it guides industries through the ever-evolving landscape of business. This is why at Boost, one of our core values is “Be Bold.” We welcome the unknown and celebrate novel ideas. Each day, we push ourselves to discover innovative solutions that cater to the ever-evolving needs of our clients and partners. In our commitment to innovation, we challenge conventional norms and propel our industry forward. We always think out of the proverbial box – a mantra that has been graphically represented by our logo for almost fifteen years.
One of the most crucial steps towards cultivating an innovative mindset is to ask the right questions of our current and prospective customers, our partners and ourselves. In the pursuit of innovation, introspection is as vital as action. We must consistently challenge our assumptions, seeking answers that propel us beyond the boundaries of tradition in order to stay ahead. Instead of asking “How can we maintain the status quo?”, we should be asking “What can we do differently to revolutionize and streamline our processes?”
One of the most crucial steps towards cultivating an innovative mindset is to ask the right questions. In the pursuit of innovation, introspection is as vital as action. As business leaders, we must consistently challenge our assumptions, seeking answers that propel us beyond the boundaries of tradition. Instead of asking “How can we maintain the status quo?” we should be asking “What can we do differently to revolutionize our processes?”
“The future belongs to those who embrace innovation to ensure that we are not only staying afloat, but charting a course toward new horizons of success.”
In this digital era, businesses operate in an environment that is both interconnected and fast-paced. Innovation in B2B payments is all about how trading partners adapt and thrive within this context. Streamlining payment methods is not just a matter of convenience—it’s both a strategic and tactical necessity. The landscape demands nimbleness, and businesses that fail to evolve their payment processes do so at their own peril as they run the risk of being left behind by more agile competitors.
One of the top questions we continuously ask ourselves at Boost is “how do we lead the migration toward smarter, faster and more cost-effective payables and receivables?” For us, it is about looking for solutions that optimize efficiencies across the full payment process: PO creation, invoice creation, invoice approval, the expedited delivery of funds, reporting, and so forth. If you must go offline to send a check or initiate a wire or ACH, then you have lost the value of optimization, costing your business time, automation and, perhaps most importantly, mission-critical data.
B2B payment innovation ultimately means eradicating archaic, time-consuming processes and adopting solutions that minimize errors and delays. By doing so, businesses free up valuable resources that can be directed toward core activities, propelling growth and expansion. In this sense, innovation is not merely a luxury—it’s a survival strategy.
I am honored to lead a team that champions innovation as a guiding principle. Together, we recognize that streamlining payment methods isn’t just about creating and deploying the latest technologies—it’s about embodying a mindset of perpetual growth and improvement. The future belongs to those who embrace innovation to ensure that we are not only staying afloat but charting a course toward new horizons of success.
Sincerely,
