3 Tips To Make Your OTC Best In Class

Order to cash (OTC) covers a wide range of processes from sale initiation to collections. Diligent CFOs track key ratios to make sure this important pipeline works efficiently. However, the range of potential OTC problems can be overwhelming. If your metrics are showing an issue, where do you begin to look for a solution?

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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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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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YayPay's CFO Podcast 3/28/17 - Interview with Mike LeSanto, Controller at ViralGains

Technology has transformed business in fundamental ways. For the field of accounting, it has introduced new variables in a world previously viewed in black-and-white terms.

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The Future of Work: Real-World Applications of RPA

For decades, robot-led automation has transformed human work environments. Once the domain of industrial machinery and factory floors, automation is now transforming the knowledge economy in profound ways. The automation of knowledge work[1] has already left its mark on the economy, and promises hugely transformative potential for businesses looking to unlock productivity.

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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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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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