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Customer Relationship Management : A structured AR process helps maintain transparency and fosters trust between businesses and customers. Financial Stability : Reducing outstanding receivables minimizes baddebts and improves financial health. Use automated reminders to reduce delays.
Most business processes are undergoing transformation including automation and accounts receivable is no exception. Automation of accounts receivable is the process of automating various manual tasks involved AR process like invoicing, collecting, and tracking receivable to ensure timely collection.
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