Accelerating The Time To Realized Revenue

Accelerating The Time To Realized Revenue

NEW DATA: Payments Automation Can Reduce Firms’ DSO By 22%

Businesses can reduce their days sales outstanding (DSO) by 22% when they automate receivables but high data management costs and lack of in-house knowledge keeps many from realizing this benefit. The Accelerating The Time To Realized Revenue Report, a PYMNTS and Mastercard collaboration, surveyed over 400 executives to gain insight on the best way to overcome barriers to using technology to reduce time to cash.

Inside the October Report

  • 45 days: Average days sales outstanding for U.S. and Canadian firms
  • 68 percent: Portion of U.S. and Canadian firms that believe digital innovation can improve operational efficiency
  • 50 percent: Share of U.S. and Canadian firms that say high data management costs are hindering innovation

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    Accelerating the Time to Realized Revenue