Adyen, the global financial technology platform of choice for leading businesses, is today sharing research which shows small and medium-sized enterprises (SMEs) are grappling with the detrimental effects of slow cash flow and payment reconciliation, creating significant operational challenges and consuming valuable time.Four in five (80%) SME decision-makers report that slow cash flow negatively impacts their business operations, particularly businesses with more than $10 million in annual turnover, according to the Adyen SME Platform Payments Survey commissioned with YouGov. This struggle is reflected in broader economic trends. Recent data from CreditorWatch reveals a 47% surge in invoice payment defaults over the past year, a key indicator of business stress. The hospitality sector, in particular, has experienced record-high closure rates, underscoring the financial strain faced by many SMEs.Payment inefficiencies are further compounding these challenges, forcing businesses to dedicate substantial hours each week to reconciling payments rather than focusing on growth. According to the research, 73% of SME decision-makers identify payment reconciliation as a major frustration, with businesses losing an average of six hours per week on accounting and reconciliation tasks.RMS, a Software-as-a-Service (SaaS) provider in the hospitality sector, has seen firsthand how these inefficiencies impact businesses: “Hospitality operators tell us that payment inefficiencies can be a major operational burden, impacting guest experiences and staff productivity.”“Many struggle with manual reconciliation processes, and a lack of integration between payment systems and other business tools. These challenges not only slow down daily operations but also create friction at critical customer touchpoints, from check-in to check-out,” said Adam Seskis, CEO of RMS.The SaaS opportunity: bridging gaps in SME payment managementAs demand grows for solutions that ease cash flow challenges, SaaS platforms that enable efficient payment management are becoming increasingly critical to SME success

Adyen partners with Fiskil to enhance merchant onboarding and account verification.

Adyen’s first quarter announcement Wednesday (April 30) provided ample evidence of embedded finance’s momentum as platforms and marketplaces seek to build payments into their own business models. Platforms net revenue reached €55.5 million, up 63% year over year, per the company’s financials, with significant demand in the software-as-a-service (SaaS) segment. Processed volumes were up 61% [] The post Adyen Sees Growing Demand for Embedded Finance Offerings appeared first on PYMNTS.com.