A PYMNTS intelligence report said 59% of U.S. businesses link poor cash flow and forecasting capabilities to outdated methods. Companies are increasingly overwhelmed by the volume of invoices, with projections suggesting a 46% increase in invoice volumes over the next three years. This impending crisis is underscored by the fact that 35% of firms have not automated their AR processes, and 24% still rely on outdated spreadsheets.
A PYMNTS intelligence report said 59% of U.S. businesses link poor cash flow and forecasting capabilities to outdated methods. Companies are increasingly overwhelmed by the volume of invoices, with projections suggesting a 46% increase in invoice volumes over the next three years. This impending crisis is underscored by the fact that 35% of firms have not automated their AR processes, and 24% still rely on outdated spreadsheets.