Banks and other technology solution providers should be seeking to capitalize on these critical financial process needs by providing capabilities that require fewer client company resources to launch and support.
BOSTON (PRWEB) February 16, 2021
Companies of all shapes and sizes should be continuously seeking to attain financial operations efficiency, minimize resources consumed by manual processes, and gain better control over the management of working capital through automation. The pandemic has proved to be a wake-up call for companies lagging in the execution of this vision. A new research report from Mercator Advisory Group, Improving Cash Cycle Management Is a Key to Corporate Stability reviews the current situation and trend forward for processes and solutions used across financial operations.
Overall global economic contraction was 3.5% in 2020. Although 2021 and 2022 GDP projections are a relatively strong 5.5% and 4.2% respectively, recovery strength will vary significantly by country, with less developed markets particularly vulnerable. The level of technology investment and automation initiatives increased during 2020, and represent a likely ongoing trend in 2021. This will be important as revenues will be generally harder to come by into 2022 as economies attempt to regain lost ground.
“Banks and other technology solution providers should be seeking to capitalize on these critical financial process needs by providing capabilities that require fewer client company resources to launch and support,” commented Steve Murphy, Director of the Commercial and Enterprise Advisory Service at Mercator Advisory Group, the author of this report. “This will help drive loyalty and provide stronger foundational client bases.”
Highlights of this research report include:
- Post-pandemic economic outlook in global markets by region
- Review of how cash cycle management impacts costs and working capital
- Detailed analysis of cash flow opportunities generated by strong financial operations
- Review of the technology approaches across the cash cycle and unfolding trends
- Case analysis of specific technology benefits
This report is 14 pages long and has 6 exhibits.
Companies and other organizations mentioned in this report include: Association for Financial Professionals, AvidXchange, Basware, Billentis, Bill.com, Bottomline Technologies, Corcentric, Coupa, GEP, International Monetary Fund, Ivalua, Jaggear, Mineral Tree, Nvoicepay, SAP Ariba, Tipalti, Tradeshift
Members of Mercator Advisory Group’s Commercial and Enterprise Advisory Service continuous advisory practice have access to this report as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
For more information and media inquiries, please call Mercator Advisory Group's main line: 1-781-419-1700, send email to firstname.lastname@example.org.
For free industry news, opinions, research, company information and more visit us at http://www.PaymentsJournal.com.
Follow us on Twitter @ http://twitter.com/MercatorAdvisor.
About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.