Putting the Control and the Cash Back in Your Hands

January 2019

Putting the Control and the Cash Back in Your Hands

Cash Application can be one of the most time-consuming and labor-intensive parts of the A/R process, and as B2B payments are increasingly shifting to electronic, cash application teams often feel the brunt of the pains of manually reconciling those payments. How do A/R departments manage these pains in a rapidly-evolving environment? Learn how artificial intelligence for cash application can speed up your cash application process to free up time and reduce DSO.

Key Takeaways

  • Cash application has become one of the most important components of the accounts receivable process.
  • Virtual payments and ACH are on the rise.
  • Complex and inconsistent remittance detail has become the norm.
  • Over half of B2B payments are still received as checks.

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