Bill.com Survey Finds Finance Industry Moving to the Cloud, Embracing Mobile Cash Flow Management
66 Percent of Respondents Are Processing Transactions From Mobile Devices
PALO ALTO, CALIF.— March 7, 2013 — Bill.com, the leader in integrated bill payment, invoicing and cash management solutions for businesses, today revealed that a recent study of financial industry leaders showed a growing trend towards mobile financial management, with more than 66 percent of respondents now processing transactions from their devices.
In January 2013, Bill.com surveyed 510 CFOs and finance managers across multiple industries who have automated their payables and receivables process in order to better understand their usage of mobile technology for business financial transactions. 46 percent of respondents were CFOs, 36 percent were controllers and 18 percent were other financial managers. The study discovered that a majority of financial professionals are moving to conducting business via the Cloud and mobile devices. While many respondents only used devices to process transactions while still clinging to manual processes for cash flow management, those who had embraced the Cloud wholeheartedly and moved to mobile financial management have found themselves to be more efficient, effective and competitive.