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How to Break Out of the Manual Cash Application Trap
Getting paid on time can be a challenge in times like these.
But applying customer payments to open invoices is even harder for many businesses.
New forms of digital payments, decoupled remittance details, fragmented systems, and the shift to remote work is complicating the processing, matching, and application of customer payments.
Things get even harder as a business grows.
As a result, AR departments waste lots of time and money manually applying payments.
IOFM’s latest white paper shows you how to break out of the manual cash application trap.
It reveals the impact of manual cash application, shows how modern cash application solutions transform the way payments are posted, and explains why it’s time to refresh your cash application.
If your AR department is manually applying its customer payments, 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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