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Today’s a Good Day for AR Automation

In an increasingly uncertain world, getting everyone to maintain sustainability and cash flow is essential. Most companies face a wait time receiving customer payments that could range anywhere from 30 to 90 days to even longer. Payment delays not only cause anxiety for the collections management team, but they impact your cash flow. The bottom line is simple — the more quickly you collect your accounts receivable (AR), the better your cash flow situation will be.

Heating Up Your Collections Messaging: Email Tips to Get Noticed & Paid Sooner

In a perfect world, when someone owes you money, they pay you. No questions asked, no hassles necessary — what’s owed is paid in full and on time.

Unfortunately, we all know that world doesn’t exist.  

Despite the fact that the global economy is recovering ever-so-slowly from 2020’s COVID-related chaos, companies that continue to be pinched by financial difficulties are, predictably, doing whatever they can to conserve cash — including paying late or not at all.

8 Best Accounts Receivable Strategies

What used to be considered a back-office function has transformed into one of every organization’s largest assets: accounts receivable (AR). Why? Because it deals with one very important asset that doesn’t appear on the balance sheet — customers.

Improper accounts receivable management can lead to devastating results. Businesses in the Americas lose 51.9% of the value of their B2B receivables when they are not paid within 90 days of the due date. (source)

How AI Enriches EDI Order Automation [Part 2]

In the first part of this series of articles about the contribution of AI to order automation, I presented the idea of an automation solution based on machine and deep learning — less exhaustive, but much faster and cheaper than EDI automation. In this second part, I will focus on the conceptual, even philosophical differences between the two approaches, and also discuss how they could be complimentary.

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