In an increasingly unpredictable global economy, the roles of chief financial officers (CFOs) and treasurers have evolved beyond traditional bookkeeping and balance sheets. Today, these professionals are at the forefront of driving strategic growth and steering their organizations through turbulent financial landscapes. As 2024 proved,...
Earned wage access (EWA) is expanding platforms, including the eCommerce and ridesharing mainstays that rely on drivers for deliveries and trips, and the FinTech providers that offer enterprises new financial capabilities. In some cases, letting users get an advance on their pay comes via acquisition,...
Generative artificial intelligence (GenAI) is gaining attention across industries, as 65% of firms say they are already using the technology. According to a PYMNTS Intelligence report, “Outlook 2025: CFOs Envision Growing Role for Generative AI in Finance,” CFOs are adopting GenAI in finance for strategic...
Many businesses rely on manual accounts payable and accounts receivable processes, which lead to slow, error-prone accounting that increases fraud risk. This can result in cash flow consequences, impacting both sides of the ledger. The PYMNTS Intelligence report “Why Automating Both AR and AP Is...
Uncertainty reshaped middle-market firms’ operations in 2024, and a consistent theme emerged this year: Firms leveraging analytics and targeted strategies saw improved resilience and profitability. For middle-market executives, uncertainty impacts every facet of operations. From rising costs to diminished profits, firms lose an average of...
The year 2024 has been nothing short of transformative for CFOs and treasurers, reshaping their roles into a blend of strategy, technology and operational precision. Here at PYMNTS, we talk to a lot of CFOs across industries. What we heard throughout the year was centered...
There are two sides to any commercial transaction. Within B2B, buyers and suppliers find one another and agree on terms, funds flow, and accounts payable and receivable departments interact. On that last point, where back-end offices trade payments and invoices, the traditional way of doing...
For years, the middle and back offices have operated in the shadows of their more glamorous counterparts — the front office and client-facing teams. But now, nearly a quarter-century into the millennia, these once-overlooked functions have evolved from cost centers into dynamic hubs for business...
“Never take your eyes off the cash flow because it’s the lifeblood of business,” British businessman Richard Branson has been quoted as stating. And the sentiment rings true no matter the business, and no matter the vertical in which it operates. That’s especially true for...