With up to 25 percent of revenue from potential sales being lost as a result of poor billing and AR practices, according to a survey by Novantas, automated AR solutions offer a much more reliable and relatively inexpensive alternative to manual invoicing. The combination of a centralized content management software and advanced data capture technology can empower organizations to process and review any critical documents at a much faster pace. It is important to engage with the right solution provider at the right time to give organizations a head start on what to do when implementing an AR solution.
With most solutions offering predictive AR analytics, companies will have the ability to focus on the accounts with the highest priorities. The solutions in many cases will deliver comprehensive reports of the financial state of the organization as well as offer automated task generation tools to enhance the AR credit and collections process. Further, the enhanced reporting capabilities and management insights on staff workloads and invoice distributions will allow for better visibility. These will help organizations streamline the entire process of their AR accounts and create benefits that lead to improved management of funds.
This edition of CFO Tech Outlook brings you the “Top 10 Accounts Receivable Solution Providers - 2018.” This list gives you some of the most prominent organizations in the industry that have excelled with their services and product portfolio in the Accounts Receivable space. This list is aimed at bridging the gap between businesses and solution providers that are transforming business processes through their insights and technological prowess.
