PYMNTS, “Big US Companies Take Longer to Pay Invoices Despite Recovery,”
Even though the U.S. economy is beginning to recover from the pandemic, some companies still aren’t paying suppliers on time, The Wall Street Journal (WSJ) reported. Large U.S. companies took around 58 days on average to pay suppliers in the first quarter of 2021, according to WSJ. That’s a 5.5 percent increase from 55 days last year.
Source: PYMNTS
Latest Insights
AI Is Reshaping Financial Forecasting – Is Your Team Ready?
In today’s era of economic volatility – fueled by trade disruptions, inflation shocks and geopolitical swings – traditional forecasting is…
Leverage AI for Operational Excellence and Strategic Cost Management
The life sciences industry faces mounting pressures: patent cliffs, geopolitical uncertainty, regulatory, and legislative changes threaten drug prices and revenue…
Smarter. Faster. Gen AI-Driven Finance.
Economic uncertainty demands sharper decisions and faster action. Digital World Class® finance teams meet the challenge – delivering forecasts 57%…
Digital World Class® Matrix: Payroll Software Provide Perspective – Summary Report
The Hackett Group’s 2025 Digital World Class® Matrix: Payroll Software Provider Perspective evaluates 18 leading payroll platforms, uncovering which providers…