Best Practices for Automation in the Corporate Cashscape

In the current economic environment, organizations have sharpened their focus on optimizing working capital by increasing control over cash and reducing operational costs. Treasury & Risk and Bottomline Technologies recently surveyed 500 financial executives and found the following:

Back-office system complexities and manual, paper-based, error-prone processes are the top two obstacles to accurately forecasting cash
Better visibility to cash flows and increased control over payment timing and scheduling were recognized as the top benefits to be gained from automating key financial processes like invoicing and payments
Most organizations are basing cash forecasts on information that is 1-2 days out of date

Treasury experts from Bottomline share additional survey findings and best practices on how to:

Seize cost-saving opportunities across the financial supply chain
Remove the barriers created by the complexity of the back-office environment
Ensure vendor participation in automation initiatives
Gain visibility into and control over cash

All fields shown in bold are required to process this form.

Yes! Add me to your mailing list. (See Privacy Policy for more information)

First Name:

Last Name:

Company:

Title:

City:

State/Province:

Headquarters^*:

^*What state/province is your company’s headquarters located in?

Country:

Phone Number:

E-mail:

1. Approximately how many non-payroll payments does your organization make on an annual basis?

< 10,000

10,000-20,000

20,000-50,000

More than 50,000

2. If you are making ACH payments today, which, if any, of the following challenges has your organization experienced? (check all that apply):

Supplier adoption

Remittance limitations

Handling Notices of Change and payment returns

Integrating your ACH solution with your ERP or AP system

Not Applicable

Other (please specify):

3. How does your finance staff handle data retrieval for cash reporting and forecasting today? (check all that apply):

Manual consolidation of data into spreadsheets

Data output from my ERP(s)

Third-party reporting or Business Intelligence (BI) application

Treasury workstation(s)

Homegrown/internally-developed reporting solution

Other (please specify):

4. How many banks does your company currently do business with?

2-5

6-10

More than 10

Unsure

5. Comments: