Accelerating The Time To Realized Revenue: Canada Snapshot

Accelerating The Time To Realized Revenue: Canada Snapshot

Canadian Businesses See Virtual Cards, Real-Time Payments As Key To Cutting DSO

One-fifth of Canadian businesses are facing longer days sales outstanding (DSOs) than they did before the pandemic. Accelerating The Time To Realized Revenue: Canada Snapshot, a PYMNTS and Mastercard collaboration, interviewed 100 Canadian corporate executives across three sectors to learn why these businesses see real-time payments and virtual cards as the answer to beating the receivables slowdown.

Inside the December Report

  • 20%: Share of Canadian firms that report longer DSO now compared to 2019
  • 69%: Of the Canadian companies that use virtual cards, portion that say the cards help them receive payments more quickly
  • 37%: Share of Canadian businesses that are “very” or “extremely” interested in real-time payments

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