Airbase - Improving Financial Performance: Taking Advantage Of Early Payment Discounts - November 2022 - Learn more about discounts for early payments and how companies can take advantage of these discounts

Improving Financial Performance: Taking Advantage Of Early Payments Discounts

Spend Management Headaches Push SaaS Firms to Automated Systems

A new PYMNTS’ survey of 225 SaaS firm executives for the “Improving Financial Performance: Taking Advantage Of Early Payments Discounts” report, a PYMNTS and Airbase collaboration, showed that accessing real-time data is so challenging when managing non-payroll spend that 76% said they’d pay for a system to help.

Inside the November Playbook

  • 27%: Share of firms already using a spend management system that have been offered early payment discounts for more than 10% of their payments to suppliers in the last 12 months all the time
  • 38%: Share of large firms that have taken advantage of all early payment
    discounts offered by suppliers in the last 12 months all the time
  • 47%: Share of firms that do not use a spend management system that experienced errors in processing for more than 10% of payments

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