How AI Can Mitigate B2B Collections Risks |

If your business could proactively identify the risk of potential customers before taking them on as new customers and avoid bad debt, wouldn’t you want to do that? Predictive AI capabilities in many modern B2B collections software now let businesses do exactly this while solving many other challenges in the B2B collections process. The Challenges…

CFOs are under constant pressure to increase efficiency in operations while at the same time cutting costs, ensuring healthy cash flow. At the same time, they must be able to gather and analyze data to quickly make the right decisions that contribute to business growth. These pressures are driving them to adopt a range of…

Proper accounts receivable management is vital if you want to operate a healthy business. It doesn’t matter how much revenue you generate if you never collect on your invoices, or if you keep losing vital invoices you are meant to collect on. Optimizing and improving your accounts receivable (A/R) practices will also make your other…

If cash flow is the lifeblood of any business, then accounts receivable (A/R) turnover is the heart that keeps cash flowing. Optimizing your collections process is crucial for cashflow. The better you optimize collections procedures and tasks, the more efficient and effective your A/R becomes. Two critical key performance indicators (KPIs) that help your accounts…

Finance leaders are increasingly focused on improving operational efficiency while at the same time cutting costs. This is especially true when it comes to scaling collections. In the past, this was done by hiring more team members to manage ERP dunning emails or collections calls. But now, there is more data available that can be…

Your accounts receivable (A/R) collections process seems simple enough on paper. You provide services, send an invoice, and collect payment. Right? Not so fast. Many different accounts receivable collection techniques exist, and many of them should be used in conjunction with one another for the best results.  Let’s review a few of the most popular…

No modern business can hope to thrive without the ability to predict the future. This may sound impossible, but forecasting is a skill. It is also a science that artificial intelligence has mastered. Short-term accounts receivable forecasting is especially difficult because it involves digging beyond general patterns. Regardless of the deadline on the invoice, you…

Once your finance team is onboard with automating your accounts receivables to streamline and optimize the process, you’ll need to decide whether you want to shop for an outside vendor or build your own accounts receivable automation software in-house. The answer depends on a variety of factors, including your company’s size and available resources, the…