Finance teams that embrace automation will scale faster, save money, and improve decision-making. And, companies that automate AP see 60% lower costs, 90% fewer errors, and 250% faster approvals, according to PrimeRevenue’s CFO Trend Report.
“The financial landscape has seen an unprecedented level of volatility in the last five years, from the pandemic to geopolitical disruptions. The best shock absorber for volatility is tight cash controls and improved cash flow,” says PJ Bain, CEO, PrimeRevenue. “Built on PrimeRevenue’s deep expertise and informed by economic research and customer insights, the CFO Trend Report empowers finance leaders with the knowledge and tools to drive measurable outcomes and make bold, strategic decisions.”
Key takeaways:
- 84% of capital goods suppliers are leveraging supply chain finance (SCF) to accelerate payments, reducing terms to an average of 37 days.
- 67% of finance leaders cite automation as critical for reducing costs and improving cash flow visibility.
- 62% of businesses are aware they experienced a payment fraud attempt in 2024.
- Companies are moving from cash preservation to strategic investment and SCF and early payment strategies are helping businesses free up working capital while keeping suppliers financially stable.
- Trade policy uncertainty is forcing finance teams to rethink how they manage working capital, adjust supplier payment strategies, and prepare for rising cross-border costs.
- AI is revolutionizing finance, from fraud detection to predictive analytics and dynamic discounting. Companies using AI in AP report $3 million-plusin ROI over five years as well as stronger fraud prevention.
