Commercial Payments Trends Survey

1

What best describes your organization?

Manufacturing company
Distribution/retailing company  
Service provider company
Public sector/governmental organization
Financial institution
Payment technology solution provider
Regulator
Other, please specify
2

How does your organization typically think about commercial payments? (Commercial payments are defined as the use of various paper-based and/or electronic means through which products and services are purchased.)

Check all that apply.

As an end-user that pays suppliers
As a supplier that accepts payments from buyers
As a provider of commercial payments to buyers and/or suppliers
3
What best describes your role in relation to commercial payments?
Head of a commercial payments and/or commercial cards business
Marketing/sales
Technology
Operations
Finance
Procurement
Legal
Other, please specify
4

How many years of commercial payments experience do you have? 

Less than 2 years
2- 5 years
5-10 years
10+ years
5
Are you a member of the CPI Advisory Board? 
6

What forms of commercial payments does your organization USE?

Check all that apply.

Electronic Band-to-Bank Transfer
Wire Funds via a Central Bank
Card
Check
Cash
Do not use
7

What forms of commercial payments does your organization ACCEPT?

Check all that apply.

Electronic Band-to-Bank Transfer
Wire Funds via a Central Bank
Card
Check
Cash
Do not accept
8

What forms of commercial payments does your organization PROVIDE?

Check all that apply.

Electronic Band-to-Bank Transfer
Wire Funds via a Central Bank
Card
Check
Cash
Do not provide
9

In general, what do you see as the key requirements for successful adoption of or growth in electronic forms of commercial payments? (i.e., no transmission of paper to initiate a payment)  

1
Extremely important
2
Somewhat important
3
Low importance
4
Not important
CFO Mandate
Ease of implementation
Staff Adoption
Fraud and/or misuse avoidance
Cost of systems/applications to support
Centralized control of how/where/when the form of payment is used
Acceptance, by suppliers, of form of payment
Access to tax-accredited transaction information
Invoice-level/line item detail/level."level 3" transaction data
Documentation/written information along with the payment
Reconciliation of payment information with other systems/data sources
Accounting for transaction activity
Accurate and timely reporting
Abiltiy to analyze supplier spend
10

What is the primary region in which you do business? 

Please check only one.

 

Then, please answer the following 8 questions for what you are seeing/experiencing in your region.

Global responsibility
United States/Canada
Europe, Middle East, and Africa
Asia Pacific
Latin America
11

 

What is the frequency with each form of payment used for HIGH-value purchases?

 

1
Very common
2
Common
3
Sometimes
4
Rarely used
5
N/A or not sure
Electronic Bank-to-Bank Transfer
Wire Funds via a Central Bank
Card
Check
Cash
12
What is the frequency with each form of payment used for LOW-value purchases?
1
Very common
2
Common
3
Sometimes
4
Rarely used
5
N/A or not sure
Electronic Bank-to-Bank Transfer
Wire Funds via a Central Bank
Card
Check
Cash 
13

What is the growth trend for each form of payment?

1
Fast growth
2
Moderate growth
3
Slow growth
4
Shrinking
5
N/A or not sure
Electronic Bank-to-Bank Transfer
Wire Funds via a Central Bank 
Card
Check
Cash
14
What is the frequency of each form of payment used for business travel? 
1
Very common
2
Common
3
Sometimes
4
Rarely used
5
N/A or not sure
Electronic Bank-to-Bank Transfer
Wire Funds via a Central Bank
Card
Check
Cash
15
What is the level of integration of form of payment with accounts payable or ERP systems.
1
High
2
Moderate
3
Low
4
None
5
N/A or not sure
Electronic Bank-to-Bank Transfer
Wire Funds via a Central Bank
Card
Check
Cash 
16
Describe the relative per-transaction cost for payer (i.e., buyer) organization.
1
High cost
2
Medium cost
3
Low cost
4
No cost
5
N/A or not sure
Electronic Bank-to-Bank Transfer
Wire Funds via a Central Bank 
Card
Check
Cash
17

Describe the level of government support/usage of electronic payments.

1
High
2
Moderate
3
Low
4
Very little or none
5
N/A or not sure
Electronic Bank-to-Bank Transfer
Wire Funds via a Central Bank
Card
Check
Cash
18

Describe the level of innovation/continual improvement in form of payment.

1
High
2
Moderate
3
Low
4
Very low
5
N/A or not sure
Electronic Bank-to-Bank Transfer
Wire Funds via a Central Bank
Card
Check
Cash
19

Please provide any other comments and/or your name and contact information. (optional) 

Thank you for taking the time to complete this survey.