Accounts Receivable Automation holds great promise for organizations that rely on swift, efficient processes to drive revenue growth and deliver better experiences to business users and end customers.
Accounts Receivable Automation holds great promise for organizations that rely on swift, efficient processes to drive revenue growth and deliver better experiences to business users and end customers.
Most automation projects fail because teams dive in headfirst and try to automate everything they can without properly evaluating their current processes. In order to ensure your process is up-to-date or automation-ready, you need to first arrive at an ideal TO-BE state.
With process benchmarking and assessment you can expose the real operational gaps which exist and ensure smoother & successful transition.
Benchmarking is the practice of comparing your business processes and performance metrics to the industry’s bests and best practices from other companies to arrive at an ideal To-Be state or goal.
Assessment is doing a deep drill down into your current business operations and finding out the nitty gritty details. It helps you identify the problem areas and understand your challenges better.
Evaluating vendors is a grueling task that involves assessing them across multiple parameters including features, training, customer support among other things.
With so many automation providers out there, choosing the right one can be hard. Download the vendor checklist to learn all the right questions you should be asking to the potential automation solution providers.
Automation of Cash
Application Operations
Trade and Non-Trade
Deductions Automated.
Reduction of
Overall past Due A/R