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REPORT

The State of Payment Operations 


There's more to money movement than just moving money. In a recent survey conducted by Modern Treasury and Harris Poll, companies revealed the many pain points they face while managing payment operations using existing tools and processes today.

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What are Payment Operations?

Payment Operations are the workflows that move money for companies. They include (but are not limited to):

  • Initiating payments
  • Processing approvals
  • Reconciling transactions
  • Booking to a ledger
  • Managing returns, failures, and problems that come up

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Insights from The State of Payment Operations

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Manual Operations

Over one third of payment operations are still primarily manual. Read the report to see which processes are lagging.

 

 

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Challenging Tools

Finance teams are unhappy with the systems they have today to support them. Learn just how many tools they use.

 

 

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Payments are Slow

84% of finance teams face challenges with their payments, including payments taking too long to settle or failing frequently.

 

 

Download The State of Payment Operations
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About Modern Treasury

Modern Treasury builds payment operations software that transforms the way teams move and track money so they can create high-growth businesses rooted in financial transparency

Talk to a Modern Treasury Payment Advisor

Speak with a payment advisor to receive business-specific advice on how to improve your payment operations