Top 3 Strategies for Fully Automating AR Processes

The past two years have left many businesses scrambling as manual processes and older technologies become a hindrance to healthy cash flow. Additionally, digital payments leave AR departments with huge cash application and reconciliation challenges when trying to match up data (like an invoice) along with a payment.  Take a closer look with receivables experts Mark Brousseau and Beth Bourgoin from Deluxe into latest IOFM research on the main challenges for organizations automating AR processes and the top three strategies for maximizing digital payments.

Key takeaways will include:

• How traditional approaches to processing payments and posting receivables fall short
• Identifying simple, non-disruptive ways to start improving current internal processes
• Key strategies for overcoming automation obstacles
• Leveraging artificial intelligence (AI) to improve receivables processing quality, speed cash application and achieve STP rates of 90+%
• Using automation to improve collaboration and visibility throughout the entire O2C process

Mark Brousseau
President, Brousseau & Associates 

Over the past 26 years, Mark Brousseau has established himself as a thought leader on accounts payable, accounts receivable, payments and document automation.   A popular speaker at industry conferences and on webinars and podcasts, Brousseau advises prominent end-users and solutions and services providers on how to use automation to improve document- and payments-driven business processes.  Brousseau has chaired numerous educational conferences and has served on several industry committees and boards.  He resides in Center City Philadelphia with his wife and three sons.

Beth Bourgoin
Product Manager of Integrated Receivables, Deluxe

As a product manager at Deluxe, Beth Bourgoin delivers innovative receivables management solutions to the market with a consultative approach. Beth has a decade of experience in financial technology and commercial banking markets. She is an accredited ACH (Automated Clearing House) payments professional, with a broad range of expertise in the implementation, management, support and analysis of treasury management products and services. Beth earned a Bachelor of Science in psychobiology and neuroscience from Simmons College in Boston.