Research Reveals Gap Between CFO Desire for Payment Modernization and Existing Infrastructure
A new report titled 'Signal: The B2B Finance Report' reveals that while 72% of finance leaders in the U.S. and Canada believe modernizing payments is essential to managing cash flow, only 21% have implemented effective infrastructure. This gap leaves many small and midsize enterprises (SMEs) vulnerable to rising operating costs and inflation due to manual processes and outdated systems. Key obstacles include high Days Sales Outstanding (DSO) and a lack of real-time cash visibility. The research highlights that businesses with integrated financial systems benefit from higher invoice accuracy and lower DSO. However, 75% of leaders struggle with integrating automation into existing tools, while 64% face organizational resistance to changing established workflows.
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Topics: cash flow management fintech adoption payment automation SME finance trends