Business Payments Digitization: Large Companies Set the Pace

The push to digitize payments has only intensified thanks to circumstances like the pandemic, and while many companies have capitalized on the digitization trend, it’s the large companies who are leading the pack.

According to Business Payments Digitization: Large Companies Set the Pace, Corcentric and PYMNTS.com collaboration, 74% of CFOs at large companies ($1.5 to $2B in annual revenues) believe digitization is extremely important to improving balance sheets, compared to 59% for mid-sized companies ($1B to $1.5B in annual revenues) and 54% for small ones ($750M to $1B in annual revenues).

• What is driving large companies to digitize
• Why viewing digitization plans as transformational rather than quick fix is key
• The universal advantages of digitization