Only 50% of leading regional corporations have a 30-day visibility of their cash obligations. An alarming 81% cannot project 60 days ahead*. Lack of automation or non-optimization of existing electronic and digital solutions could cripple an organization’s ability to make strategic business decisions that involve investment and reinvestment. (* The 2014 Visa Cash Flow Visibility Index research was done in August-September with CFOs / Treasurers of 811 leading corporations in ten countries to better understand challenges that organizations may face with managing cash flow and ensuring visibility and predictability. The research was done by East & Partners, an independent specialist business banking market research and analysis firm. Regional data cover findings of Australia, Hong Kong, India, Japan, Malaysia and Singapore.)
One of the corporate world’s greatest ironies is how much it costs a company simply to pay its bills or to get paid. While each company looks at every nook and cranny to cut costs, make savings and work more efficiently, the majority continue to use archaic payment methods that eat away at profits.
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