Growing companies are finding that stronger sales don’t automatically bring a clearer view of cash, and their finance chiefs are directing investment toward closing that gap.

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The PYMNTS Intelligence report “Growth and Scaling: The Corporate Finance Inflection Point,” published in August, was based on a June survey of 60 chief financial officers at companies in the United States generating $100 million to $1 billion annually. It found that even though 58% of firms increased revenue over the prior 24 months, 62% reported difficulty managing or scaling cash flow forecasting. The encouraging finding was that executives have identified practical improvements that can help them see their cash position more clearly and prepare for further growth.

Other findings reinforced the opportunity to improve before growth creates further strain. The report revealed that 62% of CFOs said their finance and back-office systems were at least mostly prepared for the next 24 months, although only 12% reported complete readiness. Standardizing processes received the strongest positive assessment among approaches to managing complexity, followed by automation and data integration.

For firms planning their next expansion, the results offer the practical starting point of making financial information easier to assemble and use.

At PYMNTS Intelligence, we work with businesses to uncover insights that fuel intelligent, data-driven discussions on changing customer expectations, a more connected economy and the strategic shifts necessary to achieve outcomes. With rigorous research methodologies and unwavering commitment to objective quality, we offer trusted data to grow your business.

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