80% of high-performing CFOs use working capital to support growth

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PYMNTS Intelligence research shows that 80% of high-performing CFOs primarily use working capital to support planned growth, compared with just 2% of underperforming companies. The research covered 23 countries, 3,627 CFOs and finance executives, and found that high-performing companies take 24.2 days to convert resources such as inventory into sales cash, compared with 44.4 days for underperforming companies. Seven out of 10 companies use artificial intelligence to improve working capital operations, but the report did not prove that AI shortened the cash cycle; late payments result in an average loss equivalent to 4.1% of annual revenue.