Implementing ‘Next Generation’ AR Processing

The spotlight is on AR as never before because receivables is in a unique strategic position to speed cash flow by collecting faster and reducing risk. In fact, AR has the largest potential impact on the overall value of working capital, based on a sample of 1,000 large companies, 45 percent, as compared with 30 percent for AP and 25 percent for inventory (see Figure). To unlock this potential value, however, AR professionals must eliminate labor-intensive, costly paper processes and…