Late Payments Push 64% of CFOs to Modernize Accounts Receivables

Meeting the Growing Need for AR Modernization

With late payments a 2023 pain point, 64% of CFOs say the need to automate AR is more important than ever before, an issue that is examined in the latest edition of the “B2B and Digital Payments Tracker®,” a collaboration with American Express.

Inside the October Tracker
  • PYMNTS Intelligence interviews Billtrust’s Murray Sharp about why the current economic climate requires not merely an AR upgrade but a major shift in operational strategy.
  • Manual payment methods such as paper checks have many downsides — never more so than now.
  • More than eight in 10 businesses believe their AR teams have become more crucial in recent months, yet the resources at teams’ disposal remain limited.

B2B and Digital Payments