Business Payments Digitization: A Path To A Better Balance Sheet

Nearly 60 Pct Of CFOs Believe Digital Payments Are Key To A Healthy Balance Sheet Fifty-nine percent of chief financial officers (CFOs) say digitizing payments is key to maintaining healthy balance sheets — a lesson some learned the hard way during the pandemic. The Business Payments Digitization Report, a PYMNTS and Corcentric collaboration, polled 400 CFOs across five industries to learn how payments digitization is helping them unlock efficiencies, enhance working capital and prepare their businesses for long-term growth.
Inside the November Report
  • 91 percent: Portion of CFOs who say accelerating payments digitization has made their payment operations more efficient
  • 96 percent: Share of CFOs who believe optimized AR and AP processes are highly important to maintaining healthy balance sheets
  • 71 percent: Portion of financial and insurance firms that believe digitization is key to improving their balance sheets

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    Corcentric Business Payments Digitization Report Series

    Expanding the Payments Palette
    Modernizing Procurement Processes
    Changing Economy Sparks New Priorities for Systems Spending
    Investing in Payments Systems for the Digital Economy
    Retailers, Manufacturers Seek Better Workflows
    Digitization Strategies: How CFOs Are Prioritizing Digital Payments To Maximize Efficiency
    The Fast Track to Payments Systems Upgrades
    Business Payments Digitization: How Financial And Healthcare CFOs Build Healthier Balance Sheets
    Business Payments Digitization: Large Companies Set The Pace