By Kyra O’Reilly, FISCAL Technologies
The Purchase to Pay Network (PPN) have recently released the annual PPN survey, which includes some interesting insights into P2P today. One overarching theme ran throughout that got us thinking: Automation.
What’s important to us in P2P right now?
According to the 2023 PPN Survey, our common challenges centre on the constant improvement of our team performance. From measuring the right metrics to eradicating duplicate payments, to implementing new technology. It’s clear that process optimisation is key, and with it, automation.
In fact, 43% of survey respondents said that choosing the right technology is a main issue facing P2P. Furthermore, 47% cited implementing new technology. It’s clear that for many in finance, the focus is to keep up with emerging tools that can improve efficiency.