Power of PAYBOX®
Understanding Top Corporate AR and AP Challenges
To help organizations and banks understand the critical issues facing accounts receivable and accounts payable processes in modern enterprises, we partnered with Blue Hill Research to learn how corporate end users and banks view AR and AP processes.
According to our study, the top organizational goals in AR and AP processes are to reduce receivables processing time, increase adoption of electronic invoicing and lower Days Sales Outstanding (DSO) ratios. These challenges stem directly from an over-reliance on manual and paper-based financial processes, which plague modern enterprises.
Although many of the business and financial leaders in large global organizations recognize the importance of streamlining and improving AR and AP processes, most struggle to transition to electronic invoicing management and streamline financial supply chain operations.
To understand the full findings and implications, we created a useful information to depict the data visually.