Meeting The Challenge Of Corporate Payments Modernization
Most FIs Say They Could Do More to Ease Corp Clients’ Payment, Cash Management Pain
While multinational B2B companies want to scale globally, only 30% of FIs believe they have been highly successful in easing their corporate clients’ payments and cash management frictions. PYMNTS’ Innovation Gap Playbook, an FIS collaboration, surveyed 311 heads of treasury or wholesale banking to learn why offering digital solutions such as supplier portals and a single view of cash options are key to helping clients grow.
Inside the March Playbook
- 64%: Share of Fls “very” or “extremely” willing to adopt new technologies to facilitate B2B payments consumerization
- 79%: Portion of Fls working to find solutions that offer clients a single view of cash for real-time cash flow management
- 92%: Share of Fls innovating or planning to innovate digital solutions to reduce clients’ key B2B payments frictions
