November 6, 2024 | 45 Minutes
About the hosts
What you'll learn?
Is all the hype around automation and artificial intelligence (AI) in accounts receivable justified? The short answer is yes. Companies are leveraging technology to minimize bad debt leveraging intelligent risk analysis, deliver predictability to collections forecasting to empower better working capital management, and remove the headaches of cash application.
Watch to discover how companies are:
Using AI to compare a customer’s past and current payment behaviors, categorize customers based on risk level, and leveraging AI-driven insights and analytics to prioritize payment reminders to riskier customer groups to reduce late or non-payments.
Leveraging data to improve business decisions with collections forecasting that can accurately predict incoming payments up to 120 days in advance.
Applying payments seamlessly with AI-driven remittance management.
Proactively handing deductions and short pays while automating approval workflows and limiting incorrect deductions through auto-matching.