Putting the Control and the Cash Back in Your Hands
Cash Application can be one of the most time-consuming and labor-intensive parts of the A/R process, and as B2B payments are increasingly shifting to electronic, cash application teams often feel the brunt of the pains of manually reconciling those payments. How do A/R departments manage these pains in a rapidly-evolving environment? Learn how artificial intelligence for cash application can speed up your cash application process to free up time and reduce DSO.
Key Takeaways
- Cash application has become one of the most important components of the accounts receivable process.
- Virtual payments and ACH are on the rise.
- Complex and inconsistent remittance detail has become the norm.
- Over half of B2B payments are still received as checks.