Can Automating Working Capital Insulate Businesses From an Economic Downturn?

Automating Payment Systems Can Improve Vital Cash Flow and Liquidity With 8 in 10 businesses now reporting an increase in delayed payments during the ongoing economic slowdown, companies are scrambling to improve cash flow and pay their bills. In the “Working Capital Tracker®,” a collaboration with Billtrust, PYMNTS explains how 73% of businesses that automate their payments processes are improving liquidity, reducing DSO and strengthening customer relationships.
Inside the August Tracker
  • Current market conditions are pushing businesses to scramble to improve cash flow. This ongoing struggle is jeopardizing their liquidity and working capital positions.
  • Businesses have exhausted legacy strategies for improving cash flow. Now they must decide how to address declining cash flow with AR enhancements.
  • Businesses must modernize their financial management infrastructure not only to stay afloat but also to remain viable in a competitive marketplace. Automation is offering a feasible solution to address cash flow, liquidity and working capital shortfalls.

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    Billtrust Working Capital Tracker Series

    Working Capital Tracker®: Late Payments Across Verticals: The Good, the Bad and the Ugly
    Working Capital Tracker®: Tapping AI’s Potential for AR Optimization
    Demystifying AI’s Capabilities for Use in Payments
    Automation Clears the Path to Getting Paid on Time