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1、 The Path to Better Invoice Processing25122025PART 1:The quantifiable impact of poor,inefficient invoicing processesPART 2:Collaborative accounts receivable payment portals:an essential technology in all CFOs future toolkitsPART 3:Collaborative payment portals undeniably outpace standard payment por

2、tals with respect to customer experiencePART 4:How CFOs measure the ROI of a collaborative accounts receivable payment portalContents The Path to Better Invoice Processing3AbstractInvoice processing is a mission-critical function for businesses,yet it remains a formidableand often consequentialchall

3、enge for most.The processwhich begins with creating an invoice and ends with receiving paymentis seemingly simple,yet rife with complexities.So,in collaboration with Wakefield Research,we surveyed 300 Chief Financial Officers to:Quantify the impact poor,inefficient invoicing processes have Determine

4、 whether collaborative accounts receivable payment portals can dissolve the invoicing challenges CFOs face Determine whether collaborative accounts receivable payment portals are superior to standard payment portals Identify the criteria decision-makers use when considering adopting these technologi

5、es.We found that invoice processing complications are so profound that nearly 2 in 5(39%)CFOs report their accounts receivable(AR)teams are weeks or months behind and will never catch up on invoices.Less than a quarter of CFOs(23%)report their AR teams are completely up to date on invoices.Methodolo

6、gy:The Path to Better Invoice Processing report was conducted by Versapay and Wakefield Research among 300 U.S.CFOs at companies.It includes a 50/50 quota for companies using collaborative accounts receivable payment portals versus those who do not,between April 25th and May 3rd,2023,using an email