Your Virtual Credit Manager
JUNE 11, 2024
My first exposure to the power of accounts receivable (AR) automation came in 1990 when I was credit manager at ERICO Fasteners, a mid-market, specialty metals manufacturer. The first month after we automated a few basic features to supplement our accounting package, we realized an increase in cash flow of 30 percent.
The Corcentric Blog
JUNE 27, 2023
The significant reduction in invoice processing costs has driven AP automation uptake faster than AR automation initially, but automation solutions for AR are now fast becoming a must-have for many more reasons than just efficiency gains. Another challenge of in-house AR automation is the cost.
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Lockstep
NOVEMBER 16, 2022
Combined with email automation, templates automating the collections process save you time and help to ensure that your customer communications are consistent. AR automation software, like Lockstep Receivables, comes with a library of best-in-class templates that can easily be adapted to match your specific requirements. .
Your Virtual Credit Manager
JANUARY 30, 2024
The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Manual collection processes centered on an aged accounts receivable trial balance (ARTB) lack the regimentation and efficiency brought about by automation. However, that doesn’t exclude an opportunity to do even better.
Emagia
FEBRUARY 5, 2023
These days, with various data points related to your customers available in the public domain and technologies available to collect and analyze them in the way it is required, the credit authorization process is mostly driven by data and analytics provided by AR automation tools.
Lockstep
JUNE 15, 2022
For B2B businesses, credit management is essential for accounts receivable (AR) management success. Proper, healthy credit management allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). . AR automation can make a world of difference in your credit plan activation.
Emagia
AUGUST 19, 2024
Elevating Cash Application with GenAI: A Strategic Advantage The demand for automated business solutions is on a steep upward trajectory, with the market expected to grow at a 13.8% Specifically, the AR automation sector is anticipated to expand from $3.41 compound annual growth rate (CAGR). billion in 2022 to $9.59
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