Cover for the PYMNTS and Corcentric July 2023 Playbook “How Automation Reduces Receivables Delay”

How Automations Reduce Receivables Delays

Only 17% of Small Firms Are Reaping Benefits of Automating Accounts Receivables

AR automations can reduce DSOs by as much as 32%, but only 27% of small firms have automated more than half of those processes, according to PYMNTS’ latest study of 100 U.S.-based CFOs, “How Automations Reduce Receivables Delays,” a collaboration with Corcentric, reveals.

Inside the July Playbook

  • 93%: Portion of companies automating at least 50% of AR processes expressing satisfaction
  • 80%: Share of CFOs citing lack of on-call advisory services as a key barrier in AR automations
  • 63%: Portion of firms with highly automated AR processes experiencing fewer invoicing errors

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