A recent survey conducted by Billtrust reveals that 67% of finance leaders fail to meet their monthly cash forecasts by more than 5%. Furthermore, 45% of respondents miss their targets by 16% or more, highlighting a significant gap in cash flow predictability despite existing automation efforts.
The research indicates that 92% of finance teams manage their credit-to-cash cycles using two or more disparate systems. Additionally, 74% of surveyed leaders acknowledged that traditional automation tools effectively digitize paperwork but fail to address underlying bottlenecks in cash flow.
The Billtrust CFO noted that digitizing manual accounts receivable processes does not guarantee faster payment collection. Consequently, the company is shifting its focus in Q4 to prioritize projects that directly accelerate the conversion of earned revenue into deployable cash, rather than solely focusing on process efficiency metrics.
