Nine in 10 CFOs Will Automate Receivables to Speed Order-to-Cash Cycles

Automation Clears the Path to Getting Paid on Time

With more than two-thirds of CFOs citing payment delays as a problem for their firms in the last six months, nine in 10 companies wish to expand their investment in AR automation to accelerate order processing, reduce invoicing errors and expedite payments. In the “Working Capital Tracker®,” a collaboration with Billtrust, PYMNTS Intelligence explains why the demand for AR automation is growing and what’s at stake for companies that opt out of this trend.

Inside the September Tracker
  • The market has spoken. Companies automating their finance offices to streamline AR are faring better than those that continue to adhere to obsolete, labor-intensive processes.
  • Artificial intelligence (AI) and machine learning (ML) have arrived in the payment processing space and are here to stay, offering concrete solutions to satisfy the needs of companies bogged down by outdated processes.
  • The role of CFOs has evolved in recent years, from financial stewards to crucial drivers of growth and sustainability for the companies they lead. Consequently, their influence on guiding the mission and vision of their companies has never been more critical.

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    Billtrust Working Capital Tracker Series

    Working Capital Tracker®: Late Payments Across Verticals: The Good, the Bad and the Ugly
    Working Capital Tracker®: Tapping AI’s Potential for AR Optimization
    Demystifying AI’s Capabilities for Use in Payments
    Can Automating Working Capital Insulate Businesses From an Economic Downturn?