Straight Through AR Processing Realizes Full Benefit of Electronic Payments

As many AR managers are realizing, despite all the benefits of electronic payments in accelerating cash, when it comes to the cash application process your AR staff still has to manually match these payments to invoices, a highly time- and labor-intensive process. The challenge for AR, therefore, is to integrate ACH and other electronic payments with your established bank lockbox cash-posting process to achieve automated receivables posting straight into the company’s ERP or AR processing…