did you know that 93 of U.S firms with at least 25 million dollars in Revenue are
currently integrating digital Technologies into their accounting operations and nearly
one quarter of CFOs ranked digital transformation as a top priority my name is Micaiah and I'm from
charging if you are a strategic CFO and you want a four-minute snapshot on the future of payments
well good news you're in the right place so we also have a guide that helps with your accounts
receivables and we put that in the description but we're gonna get to that in a minute in the last
few years we've all been engaged in an ongoing conversation about digital transformation just
think of everything that you've read about the adoption of remote work or the growth
of telemedicine what we hear less about is this so-called invisible transformation of back office
functions like accounting and finance but this shift is revolutionizing the way that businesses
take payments today we surveyed some of the latest research and we spoke with some forward-thinking
CFOs we found out that payment Trends are top of mind for them right now and and we found out how
they're thinking about the best way to approach these Trends CFOs they've got a unique perspective
across the business as a whole as the role evolves become less Technical and increasingly strategic
they are broadening their perspective on accounts payable and accounts receivables payments are no
longer a back office function that can be handled with manual processes seamless modern payment
capabilities are essential as CFOs take on a bigger role in attracting and retaining customers
and building those customers lifetime value one important thing that I want you to know is that
you can reduce your accounts receivables and your collections challenges that you have in Salesforce
you can do that with charging learn how charge it can make your payments configurable and automated
saving you time and money like the 91 percent of CFOs who reported efficiency gains after
digitizing their systems so download that guide using the link in the description of this video
right now in recent years we've seen significant change and Innovation to say the least companies
that started or sped up projects to digitize their payment systems are leading the way in a post-2020
world they report significant improvements like improved cash flow and more efficient
operations as well as stronger Integrations with the key functions across the entire organization
and there is more good news companies that were slower to make payments improvements are still
in a great position to learn from those early adopters one question we are often asked is
what payment Trends do we see ahead and what CFO and finance leaders should be paying attention
to we don't have a crystal ball but here's what we're thinking about in the consumer
space the rapid growth of mobile payments and digital wallets it's surely expected to continue
and it's said that it's going to be making up half of all e-commerce payments by 2024. and B2B it's
the next Frontier for digital payments many CFOs are already putting in place the infrastructure to
be able to accommodate this change one other Trend that we expect to see continue is that
digital transformation will look different across different Industries and we think this is in line
with what we've seen from our customers already unsurprisingly technology firms they're leading
the way in this adoption of digital payments and in manufacturing and other traditional Industries
they are prioritizing moving away from Legacy payment systems and processes and overhauling
invoices and payment systems in finance and insurance these modernization efforts are
focused on improving payment processing and the settlement time so what's on your mind
as you think about the future of payments let us know in the comments here and now I want
you to check out this next video here for a forward look at some other payments trends
my name is Mikaya and I'm from charger where we are dedicated to helping you
make Salesforce payments simple and remember we are always here to help