As the Federal Reserve tightens interest rates at the highest level in over 20 years, it’s a good time to review your manual accounts receivable (AR) processes to seek out your unresolved cash traps.
Is your AR aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of
Today’s accounting teams rely on several disconnected, disparate systems to close the books. Accounting processes rely on the notion of being able to share accounting data back and forth. This is true not only
Is your AR Aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of
The key challenges impacting AR teams today due to time-consuming, manual processes. The last 18 months have been challenging for finance departments. Through lockdowns, remote work, staff turnover, increasing late payments and rising Days
Losing a customer can result in a hit to your profits and shareholder value. Finding new customers can be difficult and expensive. Companies are increasingly recognizing the importance of customer experience and its impact
It’s a challenge to stay ahead of the curve on late payments using manual accounts receivable (AR) processes. Manual AR systems tie your team up with low-value tasks, reducing the time available for collections.
Automating collections is the digital transformation of manual collections processes to automated collections solutions. Collections are automated to increase collections, reduce DSO, accelerate cash flow, improve efficiency and enhance customer experience. Collections automation includes
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