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 […]
Read More
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 […]
Read More
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. […]
Read More
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. […]
Read More
Credit Unions Gain Top Share of Auto Lending in US for First Time
Experian reports in their “State of the Automotive Finance Market” paper, that credit unions have earned the largest share of automotive financing in the US by producing more auto loans than banks or other lenders. They have topped the market by producing more than 30% of all auto loans. The report also shows that credit […]
Read More
3 reasons why accounts receivable management is one of the fastest growing field of 2023
The accounts receivable management industry has been rapidly expanding due to increased demand for professionals with expertise in this area, as well as the growing use of technology in the field. As businesses continue to grow and evolve, there is likely to be an increased demand for in-house and third-party accounts receivable professionals who can […]
Read More