Accounts receivable (AR) departments have been trending toward digitization for several years, with a 2019 study finding that only 42% of organizations were leveraging paper checks for B2B payments then, nearly half the 81% that used them in 2004. The events of the past 18...
Opaque accounts receivable (AR) processes mask errors, cause delays and lead to devastating cash flow issues for firms. In PYMNTS’ new Working Capital Playbook, Jeff Rechtzigel, vice president and general manager for the retail division at Liquidation.com, explains how digital payments and detailed invoices can...
Accounts receivable (AR) processes are a cornerstone of any business, but organizations often confront a wide variety of AR-related challenges regardless of their ubiquity. More than 90% of businesses receive late payments from their customers, for example, with the average 27-day payment term typically taking...
The past year and a half has seen no shortage of technological transformations – and, increasingly, companies have set out to “make over” their accounts receivable (AR) operations through digitization. As Tim Stahl, senior vice president at Versapay, told PYMNTS, digitizing the cash application process,...
The accounts receivable (AR) space is changing rapidly as the benefits of digitization become more and more evident, with new automation and dispute management technologies gaining popularity among accounting teams. Many companies are finding that their AR staff are handling workloads that would have been...
Cash flow issues can quickly spiral into payroll errors and credit reductions for AdTech businesses, especially when payors use disparate methods to pay their bills. In the Working Capital Playbook, Advertise Purple’s Kyle Mitnick and Jonathan Moisan explain how keeping close tabs on payment statuses...
Accounts receivable (AR) is a critical part of any business that deals with customers, regardless of whether they employ in-house teams or outsource the work to third-party accounting firms. This key process can be riddled with issues such as incorrect invoices, insufficient cash reserves and...
That the pandemic dealt a blow to education writ large is without question. And while some colleges and universities actually saw enrollment rise during lockdowns and pivot to distance learning, the global health crisis generally hurt enrollment and tuition payment methods that in many cases...
The Smart Receivables Playbook: Rethinking Tuition Payments In A Time Of Transformation, a PYMNTS and Flywire collaboration, offers an on-the-ground perspective on how higher education institutions are adapting to the pandemic and addressing the challenges and pain points they face.
