CREATING PAYMENT ENERGY:PLOTTING THE PATH TO PAYMENT INNOVATION

Basware, PwC, MasterCard & Professor Michiel Steeman

CREATING PAYMENT ENERGY RESEARCHKEY TAKEAWAYS

74% have difficulties in realising discount opportunities

70% feel the pain of spending time dealing with suppliers chasing payment

63% have operational costs around

reconciliation between invoice and payment

48% would invest more in their business overall

46% would have improved relationships with clients

38% would reduce credit lines

The Buyer Story: AP Pain PointsThe Supplier Story: Benefits of getting paid on time

SUPPLIER RESEARCHKEY TAKEAWAYS

43% are paying their suppliers up to a month late

56% agreed that early payment services are important

62% are familiar with early payment discounts but do not use them

33% said customers were trying to extend their payment terms

22% of suppliers offer an early payment incentive

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