As business-to-business (B2B) firms are looking to digital transformation to drive efficiencies, manual accounts receivable (AR) processes are becoming a thing of the past. The pain points inherent in legacy solutions are becoming even more exasperated by the pandemic, making it apparent that manual AR...
Paper-based payment processes are slow and costly, and tend to exacerbate existing payment pain points when collecting receivables. This is the key takeaway from a study of 2,203 small to large businesses representing a variety of sectors. The good news, however, is that two-thirds of...
March 18, 2021
Danone, a European food and beverage company, was experiencing challenges with cash application and a lack of visibility into its cash flows as the processes were managed with a high degree of manual intervention. The company ultimately decided to automate its accounts receivable (AR) operations, including its remittances, customer deduction codes and collection claims, which […]
