In recent years, Accounts Receivable (AR) suffered from lack of digital transformation efforts. As a result, AR became inefficient, relying on heavily on legacy systems and manual processes. The current global uncertainty has brought AR back into focus for CFOs and businesses.
According to IDC, more than 40% of businesses have added cash management tools to optimize cash flow and working capital. As per the report, organizations with intelligent AR management solutions are well-positioned to withstand current market conditions to find pockets of growth.
This IDC Technology Spotlight Explores:
- Benefits of AR automation
- Digital technologies reshaping AR
- Key market forces driving AR transformation
- Digital future beyond pandemic
This whitepaper also highlights Emagia’s AI-powered Enterprise Receivables Management System (ERMS), how it accelerates the digital transformation of order-to-cash (O2C) operations.