Corporate Benchmark Report: The Acceleration of Treasury Technology
Click HERE to download the Executive Summary (PDF Format)
Learn What Treasury Technology Can Do For Your Organization
PayStream Advisors continually profiles the multifaceted landscape of treasury technology, gathering fresh survey data in order to understand how treasury technology is being used at companies across the nation. This report contains the latest data on how corporate practitioners are using treasury technology within their organizations, and what the top technology benefits are from an end-user point of view. What can the technology do for you? How do you identify the ideal technology partner? Should you build it yourself or purchase a system from a software vendor, a hosted application provider or your bank partner? We've answered all these questions to help you shorten your exploration cycle, and we've even included our unique Self Assessment Tool to help you apply our research within your organization.
The Report is priced at $295.00 and includes attendance at PayStream's NetMeeting online seminar "Determining the potential benefits of e-Payments in your Organization" for Corporate Practioners on May 14th or 28th at 2:00 p.m. Eastern.
Click here to purchase your own copy of the report.
Some of the highlights of our report are included below, along with a downloadable Executive Summary.
Can Emerging Technologies Benefit Our Organization?
Electronic payments for Business to Business transactions, known at e-Invoice Presentment and Payment (EIPP) is getting a lot of interest because of the potential for dramatic process savings. We believe EIPP will soon attain equal footing with its technological cousin e-billing for conusmers (EBPP) and potentially surpass it. Currently, only 10% of Fortune 1000 companies have adopted B2B electronic payment and presentment compared with a 13% adoption rate for EBPP. Future growth for EIPP, however, looks bullish. Forty percent (40%) of these same companies plan to investigate or implement this technology in the near future. How can you determine if this technology is cost effective for your organization?
E-Payments are gaining lots of interest...
Should You Be Worried About ROI?
Certain industries lead the pack in terms of EIPP adoption. Notably, insurance, utilities/energy and telecom make up the largest segments of adopters. Typically, these early EIPP adopters already have already worked with EBPP and usually develop their own systems in-house as opposed to contracting out this work to a vendor. They adopted for strategic reasons unique to their company or industry. ROI was not a factor. For your company, ROI may be a factor, depending on whether or not you can influence your suppliers/customers to use your new invoicing and payment system.
What Have Others Said About Treasury Technology?
When asked directly about the perceived advantages/benefits of adopting advanced treasury technology solutions, companies gave us some interesting responses. Especially interesting was the divergence between managers in Accounts Receivable (AR) departments and those in Accounts Payable (AP). For instance, the buyer centric AP group listed the EIPP benefits as cost reduction, eliminating processing errors and improving speed, in that order. The more seller centric AR respondents agreed that speed was a major benefit. In fact, they ranked it first on their list on benefits. They also mentioned reduced errors and the ability to improve cash flow forecasting as additional benefits to be gleaned from EIPP adoption.
Click HERE to download a full Table of Contents from the report (PDF Format)
