Throughout the pandemic, business survival — especially small business survival — has increasingly depended on how well businesses have been able to manage the great digital shift. The pivot toward running back-office operations and taking payments online has not been universal. More than other verticals,...
The pandemic has been a game changer that resulted in an economic downturn, the closure of many brick-and-mortar businesses and a massive shift in the number of employees working remotely. Thirty-five percent of employees worked from home at the pandemic’s height in May 2020, throwing...
Cash flow considerations are not limited to one sector or business type. Delays or errors in the process can have colossal ripple effects in all industries. Firms that lack the free capital to ensure timely payroll, vendor payments and a host of other necessities could...
The collapse in income following the pandemic’s onset in March 2020 sent a shockwave through the travel and tourism sector. Large travel and tourism firms in the United States — those with at least $100 million in annual revenue — had 44% of their bookings...
Despite a massive wave of digitization among businesses of all kinds over the past 20 months, days sales outstanding (DSO) has increased since 2019, threatening cash flows and operations. PYMNTS studied the problem in Accelerating the Time to Realized Revenue, a Mastercard collaboration, which surveyed...
Across business operations, automation can mean the difference between efficiency and stagnation. Timothy Batsche, director, B2B client management at American Express, told PYMNTS that accounts receivable (AR) automation, in particular, can help companies navigate supply chain issues and improve cash flow. Batsche noted that AR...
U.S. Bank has added request for payment (RfP) capabilities to its U.S. Bank eBill Service, a digital solution for accounts receivable (AR) teams, the company announced on Monday (Nov. 8). With the new offering, U.S. Bank commercial clients will now have access to a fully...
The events of the past 18 months have been a complete game-changer for B2B transactions. The pandemic left countless firms with a partial or total remote workforce, accelerating the digital shift to B2B payments. Accounting departments have had to pivot quickly to adapt to this...
Managing accounts receivable (AR) struggles in a remote working environment is not without its challenges, but automation has helped companies blunt the impact and keep their cash flow steady, says Quora CEO Adam D'Angelo. In the Working Capital Playbook, D'Angelo explains how AR automation and...