Streamlining and Automating: How Fintech and Accounts Receivable are Revolutionizing Business Finances
In today’s fast-paced business environment, streamlining and automating financial processes is more important than ever. One area that has seen significant advancements in recent years is Accounts Receivable (AR), which is the process of managing and collecting payments from customers. Thanks to the rise of fintech, businesses now have access to a wide range of […]
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The Power of Accounts Receivable in Driving Fintech Growth
Fintech companies have disrupted the traditional financial industry by providing innovative solutions to banking problems. However, in order to grow and succeed, fintech companies need to effectively manage their Accounts Receivable (AR). AR refers to the money a company is owed by its customers for goods or services rendered but not yet paid for. In […]
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Surviving a Recession: Proven Techniques for Managing Accounts Receivable
Accounts receivable management is the process of tracking and collecting payments from customers. During a recession, this process becomes even more important as businesses may struggle to maintain cash flow and profitability. One strategy for managing accounts receivable during a recession is to implement stricter credit policies. This might include requiring larger down payments, increasing […]
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Navigating the Complexities of Accounts Receivable in the Cannabis Industry
Accounts receivable, also known as AR, refers to the money that a business is entitled to receive from its customers for goods or services that have been sold but not yet paid for. In the cannabis industry, where the sale and distribution of cannabis is still illegal in many states, managing accounts receivable can be […]
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5 strategies for leveraging accounts receivable for business growth
Effective management of accounts receivable is crucial for the growth and success of any business. By staying organized, following up on overdue payments, and using the right tools and technologies, businesses can improve their cash flow and set themselves up for success. Proper accounts receivable management can also help businesses reduce the risk of overdue […]
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5 reasons why Millennials and Gen Z’ers are building careers in accounts receivable management
If you’re a Millennial or Gen Z’er considering a career in the accounts receivable field, you might be wondering what makes it a good industry to work in. Many millennials and Gen Z professionals seek careers that allow them to make a positive impact and contribute to the growth of others. Working in the accounts […]
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5 ways AI can improve your accounts receivable process
Artificial intelligence (AI) has the potential to revolutionize the way businesses manage their accounts receivables. Automating certain tasks and processes, AI can save businesses time and reduce the need for manual labor. This can help businesses become more competitive and drive growth. A survey by Accenture found that the majority of businesses (58%) are […]
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Five ways businesses can effectively manage their accounts receivable
Effective management of accounts receivable is crucial for the success of any business. A survey by the National Federation of Independent Business found that small businesses cite late payments as the second-most common reason for cash flow problems, behind only insufficient sales. According to a report from Sage, late payments can cost small and […]
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The Worldwide Accounts Receivable Automation Industry is Expected to Reach $6.5 Billion by 2027
The global accounts receivable automation market size is projected to increase by a Compound Annual Growth Rate (CAGR) of 14.2% and reach $6.5 billion by 2027. Currently, the market size is estimated at $3.3 billion. The services segment is expected to increase at a higher amount than the CAGR 14.2% during the forecast segment. […]
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Federal Reserve Raises Interest Rates to Highest Since 2007, Sees Higher Rates in 2023
On Wednesday, December 14th, the Federal Reserve raises short-term interest rates by .50%, the highest since 2007, and suggested that will continue in 2023. The Fed funds rate range is currently at 4.25%-4.5%. The .50% increase on Wednesday was a reduction from the previous .75% increase seen at each of the last four policy meetings. […]
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