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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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.
What are Payment Operations?
Insights from The State of Payment Operations
Manual operations
Over one third of payment operations are still primarily manual. Read the report to see which processes are lagging.
Challenging tools
Finance teams are unhappy with the systems they have today to support them. Learn just how many tools they use.
Slow payments
84% of finance teams face challenges with their payments, including payments taking too long to settle or failing frequently.
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.