Modernizing Electronic Payments with Artificial Intelligence and Integrated Receivables

Businesses have pined for electronic payments for years to escape the costs and inefficiencies of processing check payments from customers.

But for most suppliers, posting electronic payments is a big headache.

The accounts receivable systems and processes used by most businesses – and the bank lockbox providers that serve them – weren’t designed for the emerging electronic payments environment.

As a result, businesses are struggling with lots of:

• Manual receivables processes
• High unapplied cash
• Poor visibility and reporting into payments and receivables
• Growing customer service issues

But it doesn’t have to be this way.

IOFM’s latest white paper shows you how you can achieve effective payment re-association for electronic payments.

If re-associating electronic payments is a hassle for your accounts receivable department, you must download this white paper today!

This white paper is provided free of charge and underwritten by a sponsor. Following your download, you may be contacted by the sponsor with information about their products and services.