
Mid-Sized Firms Lag Enterprise Peers in Automating Payments and Receivables
Accounts Payable and Receivable Trends: What’s Next in Automation
Mid-sized firms with $3M and $15M in revenues agree that automation improves efficiency and vendor satisfaction, but most have only partially automated processes, according to a new PYMNTS Intelligence study of 412 such firms, “Accounts Payable and Receivable Trends: What’s Next in Automation,” a collaboration with American Express.
Inside the December Playbook
- 5%: Portion of mid-sized firms that have completely automated their AP or AR processes
- 2%: Share of mid-sized firms that have no intent to automate AP processes
- 91%: Portion of mid-sized firms that have fully automated AR systems that report increased savings, cash flow and growth