top of page
(June web) AD-Grow-Faster-970x90-Q2

Jan 17, 2023

Working Capital Critical For Workflow

Few manufacturers and retailers are investing in real-time payments, says research from PYMNTS and Corcentric. Its report, ‘Payments Technology’s Future: Retailers. Manufacturers Seek Better Workflows,’ says these firms are taking their time and spending the money to upgrade back-office functions. However, better cash flow visibility should be a priority for businesses as efforts to improve accounts payable and accounts receivables will pay dividends if they’re able to garner better visibility into the day-to-day cash in and cash out activities and to manage working capital more effectively. Supply chain disruptions during the past three years have made cash flow and payments a top priority. Part of a smooth interaction is dependent on procurement and on paying and getting paid in a timely fashion. To that end, a majority of retailers invested in procurement applications (57 per cent). Still, only 10 per cent of retailers and just over 12 per cent of manufacturers have made investments in real-time payments.

Sign up for our Daily News Alerts to receive relevant industry news, articles, and previews for our next issue of Home Improvement Retailing. Delivered directly to your inbox. Subscribe here.

bottom of page