A hidden warning: How payment errors highlight the need for a joined-up approach

Payment errors are often overlooked, yet they pose a significant threat to your business. Our latest research reveals the hidden costs and risks associated with these seemingly routine errors.

Key Findings:

• Payment errors as an early warning sign: They can indicate deeper operational issues and vulnerabilities.

• Manual processes and data quality: These are the primary causes of payment errors.

• Siloed systems: Limited visibility across systems hinders automation and increases risk.

• Leadership role of treasury: Treasury teams are increasingly responsible for addressing payment challenges.

Payment errors are critical to address as they can lead to financial losses, regulatory issues, reputational damage, and more.  

Download the full research report to learn more about the hidden and costly risk of payment errors.