PYMNTS-MonitorEdge-May-2024

Digitization

Digitization, less commonly digitalization, is the process of converting information into a digital format, in which the information is organized into bits.

Source: en.wikipedia.org

39% of Firms Use Virtual Cards for B2B Payments
39% of Firms Use Virtual Cards for B2B Payments
December 03, 2021  |  B2B Payments

United States and Canadian firms’ days sales outstanding (DSO) measurements are getting longer, but these businesses have the power to change course. Investing in digital innovations...

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91% of CFOs Say Digital Business Payments Makes Finance Operations More Efficient
91% of CFOs Say Digital Business Payments Makes Finance Operations More Efficient
November 24, 2021  |  CFO

The movement toward payments digitization has had positive ripple effects in B2B, with an overwhelming number of CFOs remarking that accelerating those modernization efforts also...

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Commercial Banking Customers Want Digital Products, Personalized Services That Resemble Consumer Accounts
Commercial Banking Customers Want Digital Products, Personalized Services That Resemble Consumer Accounts
November 24, 2021  |  Banking

Companies are pulling away from the manual processes they have used for decades in favor of less costly, speedier business-to-business (B2B) and consumer-facing tools to...

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Adobe and Mastercard Team to Speed up Digital Payouts
Adobe and Mastercard Team to Speed up Digital Payouts
November 18, 2021  |  Digital Payments

On Thursday (Nov. 18), Adobe announced the debut of an integrated solution that combines eSignature workflows, powered by Adobe Sign, with instant payments across the...

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59% of CFOs Say Digital Payments Key to Better Balance Sheets
59% of CFOs Say Digital Payments Key to Better Balance Sheets
November 16, 2021  |  B2B Payments

U.S. businesses are using digital channels to make and receive more payments than ever, using supplier portals, app-based payments and other online methods to send and receive...

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Nearly 60% Of CFOs Believe Digital Payments Is Key To A Healthy Balance Sheet
Nearly 60% Of CFOs Believe Digital Payments Is Key To A Healthy Balance Sheet
November 09, 2021  |  Digital Payments

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...

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Deep Dive: How SMBs Can Prepare for the Holiday Shopping Season by Embracing Digital Transformations
Deep Dive: How SMBs Can Prepare for the Holiday Shopping Season by Embracing Digital Transformations
November 08, 2021  |  SMBs

Small to mid-sized businesses (SMBs) are the growth engines of the United States economy. There are approximately 31.7 million SMBs in the U.S. — they account for 64...

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76% of SMBs Say Pandemic Caused Them to Enhance Their Digital Payments Capabilities
76% of SMBs Say Pandemic Caused Them to Enhance Their Digital Payments Capabilities
November 01, 2021  |  B2B Payments

During the pandemic-driven digital transition, much of the business world has stopped using paper in B2B transactions. In response to new cash flow crunches, shifting...

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One-Stop ‘Uber Networks’ Will Drive Consumerization of Business and ‘Just-in-Time’ Payments
One-Stop ‘Uber Networks’ Will Drive Consumerization of Business and ‘Just-in-Time’ Payments
October 29, 2021  |  B2B Payments

In today’s “always on” economy, consumers demand instant gratification in all areas, and their personal finances are no exception. Whether it’s buying a coffee, paying...

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