CFOs Prefer AR Automation for Productivity - Recent Survey Shows

For most middle-market companies, evaluating the performance of accounts receivable (AR) is an uphill battle. Not only do industries differ on which measures to use in evaluating AR, CFOs themselves often do not have the time or budget to analyze inefficiencies related to DSO.

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AR on Autopilot: A Business Case for Account Receivables Automation

The pace of technology change is staggering: If you see a gadget in a sci-fi movie, chances are you will get to test-drive it in real life sooner than you think. Yet the nightmares of a typical AR department have remained unchanged for decades. Between managing the disaster of having sent the wrong invoice to the wrong customer, to eye-rolling at customers’ claims that they never got a single one (of the three invoices) sent to them, AR managers are dealing with the same-old problems. The cause is simple: Many of the processes that drive billing and collection functions in a modern company are 150 years old.

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3 Ways to Move Your AR Department Out of the Dark Ages

Consider all the tasks your team must complete to get cash in the door. Every month they create, print and mail invoices. Not all payments come in on time, so your staff must identify clients who need follow up. That usually requires running AR aging reports and sorting them manually to prioritize the calls. Then there are phone calls to be made, followed by waiting for payment and another round of follow-up calls - just in time for the next month’s invoicing cycle.

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The Rise of the Invisible Robots (in the back office).

Robots are a familiar site in most modern manufacturing facilities. And now, they are becoming more and more prevalent – only you cannot see them. These invisible robots are better known as “Robotic process automation” (RPA). Industrial robots revolutionised the manufacturing sector. Robotic process automation will disrupt the back office.

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YayPay Fable: AR Aimee and the Collections Beast

Far, far away in the land of Silicon Mountain, where new ideas are dreamt, innovations are cultivated and efficiency is the goal, was a young, tired, overworked back office lady. This lovely lady that went by the name of Aimee worked for the next predicted unicorn of the land. Her small team of herself and just 2 others approved credit worthiness, invoiced, collected and applied cash for her ever growing company.

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How to Measure the Cost Benefits of Automating Your AR Process

Purchasing a technology solution can represent a huge up-front investment for a corporation—but one that can potentially pay for itself many times over. But make the wrong choice and that investment can turn into a financial sinkhole.

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Getting a Handle on Collections: Financing vs. Workflow Automation?

Working capital is oxygen to the nation’s 200,000 middle-market businesses, vital to their survival, competitiveness and growth. But managing working capital efficiently is all too often a challenge.

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6 Must-Have Productivity Tools for CFO of High Growth Companies

Many business owners choose to automate their business operations because of the promise of higher productivity and greater efficiency.

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