The role of the finance function is being re-written as companies increasingly are no longer satisfied with observing cash flow in the rearview mirror. Instead, they are beginning to redesign it. The latest data in the report “Time to Cash™: A New Measure of Business...
As business becomes increasingly defined by volatility, cash is reclaiming its status as the ultimate indicator of corporate resilience. While chief financial officers have long turned to cost controls and capital optimization to strengthen cash flow, a growing number are finding that the biggest opportunity...
For decades, enterprise resource planning (ERP) systems have promised a single source of truth for finance leaders. But as the pace of business accelerates, many CFOs are finding that their ERP is not built to handle the growing complexity of accounts receivable (AR). That’s where...
Walk into the back office of a middle-market enterprise, and you might see a mountain of paper, physical or digital, piling up in inboxes, enterprise resource planning (ERP) systems and spreadsheets. It’s not an uncommon sight. At the heart of this chaos is cash application,...
Watch more: Smarter Automation Moves AR From Efficiency Play to Strategic Pillar Finance leaders today face a paradox. The pace of global business is accelerating at breakneck speed, yet in countless back offices, legacy systems and manual processes remain stubbornly entrenched. The result is a...
Accounts receivable (AR) isn’t a corporate function typically known for its innovation. The department has typically been known for ledger accuracy, sending overdue notices and chasing payments. Its mission has been to ensure that money owed is collected. Eventually. However, as global headwinds continue to...
Watch more: Wrapping AI Around Legacy AR Shifts Decisioning Into Machine Speed Volatility, high interest rates and persistent pressure on liquidity are turning back-office functions into boardroom concerns. Perhaps nowhere is this shift more apparent than in accounts receivable (AR). Historically, AR departments functioned primarily...
In the sprawling universe of enterprise software, artificial intelligence (AI) can often be cast in extreme roles. Depending on the narrative, AI either propels companies into the future or threatens to displace the very humans who run them. Yet in a corner of the enterprise...
Despite widespread digital transformation efforts across industries, a new report reveals that many businesses, particularly small- to medium-sized firms, continue to grapple with the costly and pervasive inefficiencies inherent in manual accounts receivable (AR) processes, directly impacting their revenue and growth potential. Accounts receivable serves...