Digital transformation has forced organizations to review processes and determine how to automate previously manual processes. Receivables management is one area organizations should target for digital upgrades to improve workflows, reduce errors, decrease days-sales-outstanding, and increase financial efficiencies. While automating yields considerable benefits, it is also imperative to integrate a solution that won’t compromise security or compliance.
This report assesses hurdles within receivables management and how they can be overcome via automated receivables solutions that support digital payments. It is based on a Datos Insights survey of 1,037 midsize and large organizations conducted in Q3 2023 and leverages past Datos Insights research, extensive conversations with industry experts and practitioners, and the author’s extensive knowledge of the market.
Clients of Datos Insights’ Commercial Banking & Payments service can download this report.