Keeping an Eye on Working Capital
Payments Automation Helps Main Street Navigate Economic Challenges
With businesses of all kinds being squeezed by rising wages and decreased consumer spending, they need to cut costs without cutting essential functions. In the “B2B and Digital Payments Tracker®,” a collaboration with American Express, PYMNTS explains why AP and AR automation can give companies the visibility and control they need for managing cash flow in tough times.
Inside the May/June Tracker
- PYMNTS interviews Nathaniel Katz, CFO at eCommerce software provider Rokt, about the importance of shared data and integrations in ensuring that automation tools improve working capital transparency.
- Rising wages and decreased consumer spending squeeze Main Street businesses’ margins. These businesses need to cut costs without cutting essential functions.
- Better automation and integration of systems can help companies of all sizes adjust to economic challenges and exploit opportunities.