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Why Companies Want Accounts Receivables to Get Smarter and Faster Right Now

  • Many B2B businesses are facing challenges with their manual accounts receivable (AR) processes, leading to delayed payments, errors, and increased operational costs.
  • Automating AR workflows through technology can improve financial resilience, operational efficiency, and cash flow, while reducing manual tasks and allowing finance teams to focus on strategic initiatives.
  • Despite the benefits, only about 24% of companies have implemented dedicated AR automation software, with many still relying on outdated manual processes.
  • AR automation, coupled with artificial intelligence (AI) and machine learning (ML) technologies, can provide actionable insights, predict cash flow bottlenecks, and optimize customer interactions.

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