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This year's report looks into:

  • What's driving change in payments

  • The effects of new regulations

  • Changes in payment types

  • The impacts of fraud

  • Managing cash flow and liquidity

  • What companies are looking to focus on in the future  

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What’s driving change?

Digitization has accelerated over the last couple of years. This has helped pave the way for companies to adopt new and exciting payment technologies, which have proved extremely helpful to companies and their customers during turbulent and uncertain times.

Looking beyond the obvious impacts that the pandemic had on businesses across the globe, we’ve also seen an increase in the usage of pay-as-you-go technologies and cloud and mobile adoption.

One of the more worrying trends we’re seeing is a much greater need for payment fraud prevention. Alongside digitization, this topic dominates the spotlight in our 2022 Business Payments Barometer.

Managing cash and liquidity

With the pandemic, Brexit, and unfortunate war in Ukraine, companies worldwide have been forced to stress test their cash flow and liquidity management systems. They have come to realise the importance of having flexibility and reserves. Therefore, receiving money has never been more critical. Despite this, companies appear to be less efficient at pursuing outstanding payments.

Cash forecasting is also getting less accurate across the board. Is this because over half of businesses still use Excel to help manage cash flow? What other factors are causing this trend? Our Barometer explores this and looks at possible solutions.

Stopping fraudsters

There is no sugar-coating this issue. Payment fraud has always been prevalent - but it is increasing - specifically insider or employee fraud. Worryingly, 1 in 5 businesses is unsure whether they have even been a victim of fraud. We know that losses to fraud in both GB and the US are substantial – and the buck sits with everyone, from regulators to banks to companies, to stop it.

New ways to pay

With digitization taking centre stage – companies have been forced to change how they make and receive payments.

The Barometer investigates which payment methods are on the decline – and which are becoming more popular.

Cross-border payments   

Following Brexit and the pandemic, we anticipated a tipping point for international payments in 2022. However, with the help of sanctions-checking, ISO 20022, and SWIFTgpi, global payments are thriving, according to this year's survey.

 

Download our 2022 Business Payments Barometer for a deeper look into the ever-changing world of payments.

'22 Business Payments Barometer - General Findings

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Curt Raffi, Chief Product and Innovation Officer from Bottomline, and Colin Swaine, Global head of Platform and Product Transformation from Bottomline, discuss the key findings of the '22 Business Payments Barometer from both the UK and the US.

Listen to Podcast
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The 2021 Business Payments Barometer

Business payments play an important role in every economy, every company and bank. This is why this year's 2021 Business Payments Barometer is impactful. It's 800 organisations of all sizes, sharing what has been important to them over the last year and what will be vital over the next 12-months.

Research report
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The 2020 Business Payments Barometer

In its fifth year, the Business Payments Barometer highlights the trends in the payment industry as described by 800 financial decision-makers. Researching companies of all sizes, across all sectors, the report reveals how finance departments are responding to the changing landscape, where priorities lie for the year ahead, and how they deal with fraud and risk.

Research report

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