B2B Payments Innovation Readiness
The B2B Payments Innovation Readiness Playbook: Adapting To Cash Flow Challenges Posed By The Pandemic, a PYMNTS and American Express collaboration, analyzes the survey responses of 2,203 small to large businesses to understand how manual processes impact accounts receivable for businesses across a variety of sectors, including the advertising, technology, construction, energy and healthcare industries. The report further explores how automation can help firms improve their collection cycles and reduce their average days sales outstanding.
Inside the December Playbook
- 48%: Share of firms that cite process speed as an AR-related problem area
- 68%: Portion of firms that are planning to leverage technologies to upgrade their AR systems for faster processing
- 49%: Share of small businesses that say the pandemic has greatly affected their collections operations
B2B Payments Innovation Readiness Report
Key Findings in the Study Include:
B2B Payments Innovation Readiness Report- 64 percent: Share of firms that are shifting away from physical invoices
- 50 percent: Portion of businesses that say high operating costs pose issues for their AR teams
- 60 percent: Share of firms that are preparing to automate their AR systems to unlock potential costs savings
B2B OPTIMIZATION AND EPAYABLES PLAYBOOK Study
INSIDE THE DECEMBER PLAYBOOK
INSIDE THE DECEMBER PLAYBOOK- 43 percent: share of businesses that see improved data security as a key benefit of ePayables
- 35 percent: portion of businesses earning more than $1 billion per year that are highly optimized
- 21 percent: share of businesses planning to adopt ePayables in the next three years
B2B PAYMENTS AUTOMATION INNOVATION PLAYBOOK Study
KEY FINDINGS FROM THE STUDY INCLUDE:
B2B PAYMENTS AUTOMATION INNOVATION- 59 percent: Portion of businesses that have yet to implement payments automation of any kind
- 46 percent: Share of companies that plan to implement automation within the next 12 months
- 88 percent: Portion of technology firms that have already implemented payments automation
B2B REAL-TIME PAYMENTS INNOVATION PLAYBOOK Study
INSIDE THE OCTOBER PLAYBOOK
REAL-TIME PAYMENTS INNOVATION Study- 59 percent of businesses say real-time payments would improve their cash flow and certainty
- 70 percent of businesses say they would benefit from real-time payments’ instant funds availability
- 60 percent of companies that are interested in real-time payments are also pursuing B2B innovation
B2B PAYMENTS TIPPING POINT PLAYBOOK Study
INSIDE THE SEPTEMBER Study
B2B PAYMENTS TIPPING POINT PLAYBOOK- 34 percent of companies say their use of ePayables will increase in the next three years.
- More than 35 percent of companies earning more than $1 billion per year have already adopted accounts payable automation.
- 61 percent of businesses say that Real-Time Payments would improve their payroll operations.
