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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.