In this credit constrained environment, the application of cash has become increasingly critical to the financial health and stability of companies. WAUSAU Financial Systems recently released research the company commissioned from Aite Group that highlights major issues negatively impacting corporations? costs and speed of processing receivables.
Aite Group found the majority of the 80 U.S.-based companies (with $1 billion or more in annual revenue) they surveyed process their receivables in-house, yet 59 percent of respondents are not fully satisfied with their receivables processing. And, costs aside, 81 percent of respondents see the perceived value to their companies of implementing an integrated receivables hub, a solution that seamlessly integrates payments received from multiple sources and business applications to accelerate the application of cash and information through a uniform data stream.
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