The Evolution of Accounts Receivable: Where AR Started, Where it is Now and Where it is Going

Businesses of all sizes are facing big financial challenges.

… Soaring interest rates

… Sky-high inflation

… Challenging labor markets

… Economic uncertainty

AR will play a big role in helping businesses navigate these turbulent times.

Efficient and effective AR processes can help a business secure revenue and fortify customer relationships, no matter the economic situation.

But manual, repetitive tasks and traditional approaches to AR automation aren’t enough.

Times like these require intelligent automation. 

That’s where artificial intelligence (AI) comes in.  AI is all the buzz, and for good reason.  AI can help AR departments optimize productivity, efficiency, and visibility, while enhancing service.

IOFM’s latest white paper shows how AI-powered receivables solutions are contributing to the evolution of the receivables function. The white paper details the changing expectations for AR, reveals the hidden costs of manual AR processes, shows how AI-powered solutions transform the AR function, and provides key considerations when evaluating automated receivables solutions.

If you are concerned that your AR department cannot meet today’s challenges, this paper is for you.