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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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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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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