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How AR Automation Unlocks Cash in Uncertain Economic Times
Fears of economic uncertainty have increased over the past few months.
- Most CFOs believe an economic slowdown is inevitable.
- Many businesses already have taken steps to prepare for a recession.
- Some businesses are scaling back their operations to conserve cash.
Against this backdrop, more CFOs are rethinking the way their AR department operates.
Long viewed as a tactical back-office function and a cost of doing business in the eyes of many CFOs, AR is now seen as a way to unlock cash trapped on the corporate balance sheet.
Businesses that can exploit the benefits of AR automation will lead the way in navigating the economic downturn and ensure they have the cash that they need for continued operations.
IOFM’s latest white paper shows how to unlock cash flow through AR automation.
The paper details the amount of cash tied up in working capital, reveals the most common working capital traps, and provides an action plan for optimizing working capital through AR automation.
If your business is looking for ways to prepare for an economic slowdown, this paper is for you.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:
Receive 1 CEU towards maintaining any AP and P2P related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:
Receive 1 CEU towards maintaining any AR and O2C related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.
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