Over one in five Finance decision-makers (23%) rated their company’s payment performance as average to awful at the beginning of 2020. The Covid-19 pandemic has forced digital transformation on lots of businesses, and the finance department should not be any different.
Small to medium-sized businesses often fall on hard times because they are suffering from poor cash flow due to late payments being received from partners and customers.
The remote working revolution, brought about by Covid-19, has been easier for some businesses than others. But, if not having the right tools and processes in place makes you the late payment villain for your suppliers and partners, then the fix is easy: automate your Accounts Payable function.