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How Automating the Management of Customer Deductions Reduces Time, Complexity and Cost in Accounts Receivable
CFOs are facing a perfect storm of increased prices, a challenging labor market, and sluggish revenue growth. Negative GDP growth is further dampening CFO optimism about the economy.
Navigating this laundry list of high-stakes growth challenges won’t be easy.
But rethinking the way their business manages its AR processes can help.
The length of time to resolve deductions is a barrier to improving DSO, aging balances, and other key AR metrics.
IOFM’s latest white paper details the three types of deductions, shows how manual approaches to deductions management increase the time, complexity, and cost of AR, describes an automated approach to deductions management, and details the benefits of automation.
If your organization is looking for ways to streamline its AR process, this white 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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