Why CFOs Recognize the Need to Automate AP/AR Workflows
Only One-Third of Firms Use Critical AP/AR Automation Tools
With all CFOs seeing the need for AP/AR automation, why haven’t more begun using it in their processes? PYMNTS’ latest survey of 100 CFOs, “Why CFOs Recognize the Need to Automate AP/AR Workflows,” a collaboration with Corcentric, unveils why two-thirds of firms have yet to implement such tools — and when they are planning to do so.
Inside the August Report
- 93%: Portion of CFOs noting reduced days of delay in how invoices are tracked when automating AP processes
- 64%: Share of CFOs who say they definitely need more automation for their AR processes
- 82%: Share of firms that have used automation to streamline AP processes that report reduced days of delay and exceptions related to payments
