What percentage of U.S. companies continue to rely on traditional check writing?

The statistic indicating that 86 percent of U.S. companies continue to rely on traditional check writing reflects the enduring habit of using checks in business transactions despite the availability of more modern payment methods. This high percentage suggests that many organizations favor checks due to factors like established processes, familiarity with traditional banking systems, perceived security, and sometimes the simplicity of issuing checks for transactions and vendor payments.

Checks are often seen as a physical record of payment, which can appeal to companies that prioritize documentation and traceability. Consequently, despite the rise of electronic payments and digital alternatives, a significant portion of businesses still incorporates check writing into their financial routines, highlighting a slower-than-expected transition towards fully digital payment methodologies. This insight is crucial for understanding the current landscape of accounts receivable practices and helps in tailoring payment solutions that accommodate both traditional and modern approaches.