business payments digitization digital payments

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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    Business Payments Digitization Report