Demanding Digitization: Why CFOs Are Driving Digitization in Organizations

The pandemic placed an unprecedented amount of pressure on finance leaders, but many of them rose to the challenge by increasing their efforts to digitize payments. In fact, according to a recent study conducted by Corcentric and PYMNTS, 71% of CFOs have accelerated their payments digitization efforts since March 2020.

There are many layers to this push for payments digitization. This infographic breaks down:

• The reasons why CFOs are accelerating their payments digitization efforts
• The share of CFOs who believe digitization is key to having a healthy balance sheet and how this varies by company size
• The benefits CFOs are seeing from going digital