Corcentric - Business Payments Digitization: The Fast Track To Payments Systems Upgrades - May 2022 - Discover how firms are fast-tracking B2B payments innovation

The Fast Track to Payments Systems Upgrades

Balance Sheet Management Pressures Push 75% of CFOs to Digitize Payments

In Business Payments Digitization: The Fast Track To Payments Systems Upgrades, a PYMNTS and Corcentric collaboration, 400 CFOs tell PYMNTS how mounting pressure to efficiently and accurately manage cash flow is pushing 75% of CFOs to digitize payments.

Inside the May Report

  • 38%: Share of CFOs who cite improved payments integration as the most important reason for digitizing their payment platforms in the next year
  • 91%: Share of CFOs who reported efficiency gains after digitizing their payment systems
  • 38%: Portion of CFOs who accelerated the digitization of payment processes and systems to improve balance sheets

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    Business Payments Digitization Report