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Before companies had dashboards and other features of automated accounts receivable tools, finance professionals did all the heavy lifting. Sending off invoices, collecting payments, paying vendors and meeting payroll are common examples. Collectionsautomation has an even better effect.
If you can offer a better customer experience, scale your invoicecollection without compromising on speed or accuracy, and use the data to forecast payments accurately, you’ll likely be ahead of your competitors. Since automation improves speed and accuracy, it is far more effective at scaling than manual methods.
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