Business Payments Digitization - March 2022 - Corcentric - Learn how payments digitization is helping financial and healthcare CFOs better manage their balance sheets

Business Payments Digitization: How Financial And Healthcare CFOs Build Healthier Balance Sheets

More CFOs Tap Payments Digitization in the Battle to Manage Balance Sheets

More than two-thirds of finance, insurance and healthcare CFOs say payments digitization has enabled better balance sheet management. In the new Business Payments Digitization Playbook, a collaboration with Corcentric, PYMNTS surveyed 400 CFOs who said the digital upgrades also helped them communicate with customers more quickly, implement state-of-the-art fraud detection and transform their payment processes.

Inside the March Report

  • 71%: Portion of finance and insurance company CFOs who say digitization is highly important to improving their balance sheet management
  • 48%: Segment of firms that say improving their balance sheets prompted them to accelerate their digitization after the pandemic began
  • 59%: Share of companies that installed fraud detection systems when they digitized their payments processes

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    Business Payments Digitization Report