According to the Atradius Payment Barometer 2013, maintaining adequate cash flow is the biggest challenge to the profitability of businesses in the region. Corporate treasurers are troubled by their lack of cash flow visibility but are unable to pinpoint where the source of the problem lies. Why are businesses struggling to manage their cash flow? What is stopping you from having real-time visibility and the ability to predict future cash obligations? What is holding you back in your quest to grow your business?
Questions like the ones above spurred Visa to look more deeply into the underlying causes. We commissioned research to better understand challenges that organisations face managing cash flow and ensuring visibility and predictability.
The Visa Cash Flow Visibility Index shows that many corporations are using archaic methods of managing their financial data and lacked the right processes, systems and tools that could give them access to critical real-time digitised data.
Agile, relevant, catalytic and progressive solutions that are cost effective and easy to implement are available. Visa’s portfolio of solutions are broadly classified into five core capabilities:
- Procure-to-Pay Automation
- Payables Automation
- Spend Management
- Invoice Management
- Commercial Payment Consulting