ARCHIVES October 2021

54% of CFOs Consider Liquidity and Cash Management Their Top Challenge

During these uncertain times, the primary task for treasurers and CFOs is to make sure their companies have the liquidity necessary to meet daily obligations and the working capital to respond to changing business challenges and opportunities. It’s no wonder, then, that 54% of CFOs cite liquidity and cash management as a top challenge, according to the Corporate Cash Management Playbook, done by PYMNTS in collaboration with Red Hat, Infosys Finacle and Intel.

Posted on October 18, 2021 by United TranzActions, LLC

Processing Paper Invoices Costs Businesses Average of $171k Annually

Companies are reexamining their payment tools as they work to more swiftly and seamlessly send and receive payments. Buyers want to use less-expensive payment tools while suppliers want to receive their funds quickly. Ditching paper checks for B2B transactions conducted via virtual cards could benefit both parties. It’s a digital upgrade that would solve other problems too, saving B2B billers and payers time, aggravation and lots of money.

Posted on October 01, 2021 by United TranzActions, LLC