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Cash Application : Automatic matching of payments to outstanding invoices to reduce manual reconciliation. Collections Management : Tools to track overdue accounts and automate follow-up communications. Reporting and Analytics : Comprehensive dashboards and reports to monitor AR performance and identify trends.
Before companies had dashboards and other features of automated accounts receivable tools, finance professionals did all the heavy lifting. They managed to use their admin at 48% because these automated systems successfully handled multiple thresholds. Collectionsautomation has an even better effect.
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