Accounts receivable (AR) automation is transforming corporate finance operations by providing enhanced efficiency, speed and accuracy in payments handling. However, the adoption of AR automation is still in its infancy despite the clear advantages. PYMNTS’ latest study identifies a compelling link between AR automation and...
March 2020 triggered a massive slowdown in B2B payments flows. Today, 39% of U.S. and Canadian firms wait longer to receive payments now than they did in 2019, according to Accelerating The Time To Realized Revenue, a PYMNTS and Mastercard collaboration based on a survey...
As business-to-business (B2B) firms are looking to digital transformation to drive efficiencies, manual accounts receivable (AR) processes are becoming a thing of the past. The pain points inherent in legacy solutions are becoming even more exasperated by the pandemic, making it apparent that manual AR...
Paper-based payment processes are slow and costly, and tend to exacerbate existing payment pain points when collecting receivables. This is the key takeaway from a study of 2,203 small to large businesses representing a variety of sectors. The good news, however, is that two-thirds of...
December 06, 2023
Late business-to-business (B2B) payments are the bane of any accounts receivable (AR) department. The headaches caused by late B2B payments affect more than just the accountants, as the entire firm relies on incoming payments to remain solvent. Any delay can have momentous downstream ramifications regarding cash flow — including but not limited to late payroll […]
July 06, 2023
Accounts receivable (AR) automation is transforming corporate finance operations by providing enhanced efficiency, speed and accuracy in payments handling. However, the adoption of AR automation is still in its infancy...
November 08, 2021
March 2020 triggered a massive slowdown in B2B payments flows. Today, 39% of U.S. and Canadian firms wait longer to receive payments now than they did in 2019, according to...
