The Strategic Role Of The CFO

The Strategic Role Of The CFO

New Data Shows Two-Thirds Of SMB CFOs See Payments Innovation As Key To Growth

Seventy percent of chief financial officers (CFOs) say pandemic-induced challenges are continuing to result in payment delays for their businesses. The Strategic Role Of The CFO Playbook, a PYMNTS and Versapay collaboration, analyzes survey results from finance leaders at 400 U.S. SMBs to learn how payment innovations are critical to bringing business back on track.

Inside the August Playbook

  • 68 percent: Share of firms generating between $100 million and $500 million annually whose payments were delayed by the pandemic
  • 24 percent: Portion of payments made by firms generating more than $1 billion yearly that are still made via check
  • 60 percent: Share of firms generating $25 million to $100 million annually that lack the resources to digitize their AR and AP systems

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    The Strategic Role of the CFO Report