The PYMNTS Intelligence report has found that the lack of transparency in accounts receivable (AR) processes can make it difficult to identify payment issues and forecast cash flow. The report suggests that by adopting digital and automated processes, companies can close visibility gaps and strengthen relationships with suppliers and customers. As business operations become more complex, AR automation provides a solution. According to the report, 77% of chief financial officers at large U.S. firms reported that AR automation reduces delays through improved invoice tracking and helps address invoice errors and discrepancies, which can disrupt payment cycles and strain supplier relationships. Automation provides real-time access to data, enabling companies to track payments more effectively and improve financial decision making.
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