How Productive Is Your Collections Team?

For most businesses, accounts receivable (AR) has been developed and standardized to ensure one thing: that payments are received on time. Outstanding receivables are not only the bane of most accounting teams, they can be used to gauge their productivity (or lack thereof).

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Double Productivity Growth in Your Business with Automation

As digitization accelerates, technologies like artificial intelligence, robotics and machine learning are becoming increasingly vital to business decisions. CFOs may not be asking about these platforms specifically, but they are wondering about how to boost productivity and enhance workflow in an economy that demands both. In this environment, business leaders are beginning to view automation as the silver bullet for eliminating the productivity gap once and for all.

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5 Accounts Receivable & Collection Statistics That Should Scare You

If you are in the business of selling products or services on credit, you effectively have two businesses – collections being the second one. That does not look like a problematic setup until you consider that most American businesses aren’t great at managing collections. Here are some statistics from the 2016 payment practices study by Atradius.

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Myth Busters: 3 Common Misconceptions about AR Automation

There is a little-known secret among finance teams, AR Managers and CFOs. Deep inside, most of them have a certain amount of mistrust when automating any process. After all, a known (even if notoriously inefficient and frustrating) process is usually transparent, whereas the new automated process is a mysterious “black box”. Data A comes in, output B comes out. How do you know it’s right?

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First-Mover Advantage: How Digital Labor Will Change the Economy

The evolution from manual labor to digitization is reaching a tipping point, as businesses, policymakers and workers grapple with the economic realities of automation. Businesses love automation for its cost-efficiency and productivity, whereas workers wonder about how it might affect their jobs. Although automation does address human redundancy, its economic impact has the potential to benefit society as a whole through innovation, cost-reduction and greater economies of scale. We’ve seen the same phenomenon in the I.T. industry over the past 30 years. Rather than undermine human work, technology has given us much more than we ever dreamed possible.

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Middle-Market Automation: How RPA is Taking the Robot Out of the Human

Robotic process automation (RPA) may sound like an alien concept, but it has been germinating quietly in the business world for over a decade. Demand for scalable solutions that drive efficiency gains and enable cost reduction are highly sought-after by business leaders. For middle-market CFOs, RPA is a way to both simplify business process delivery and improve agility in an increasingly competitive environment. Interestingly enough, adopting RPA isn’t nearly as complicated as it sounds. It’s helpful to think of it as a low-risk, high-reward proposition that can take your business to new heights far quicker than your HR department can onboard specialized staff.

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The True Costs of Manual AR Processing

What is it costing your company right now to generate invoices and process payments?

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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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