59% of US businesses link poor cash flow to manual AR processes

Posted under: SMB
Date: 2024-10-18
59% of US businesses link poor cash flow to manual AR processes

A PYMNTS intelligence report said 59% of U.S. businesses link poor cash flow and forecasting capabilities to outdated methods.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crisis is underscored by the fact that 35% of firms have not automated their AR processes, and 24% still rely on outdated spreadsheets.

Read more at: www.pymnts.com