The CFO’s Guide to Automating Accounts Receivable by CFO.com
AR Technology is How CFOs Innovate Strategy
The majority of CFOs see their primary role as managing cash and working capital. But they are often left confronting the challenges of paper-based processes, including lengthy Days Sales Outstanding (DSO), high overhead, and a lack of customer and sales analytics. In many cases, delays caused by paper invoicing alone represent about 60 percent of all AR costs.
E-invoicing resolves each of these issues and our new e-book explains how. “The CFO’s Guide to Automating Accounts Receivable” presents a clear path to accounts receivable automation and describes the benefits, including:
- Cloud-based solutions eliminate investment in equipment
- 100% visibility into payment life cycle
- Reallocation of staff
- Outsourcing of credit & collections frees up resources
Technology enables companies to analyze purchasing and payment patterns, and to create strategies based on real-time analyses. And that’s how today’s CFOs can best manage cash and working capital.