Collaborate With Your Customers to Transform Your Accounts Receivable
- 1 min read
With COVID-19 having slowed sales and cash flow for many companies, CFOs have begun looking for sustainable approaches to encourage on-time or early payments.
Many companies have taken the first step and automated their accounts receivable processes, ultimately improving efficiency through lower headcount.
However, a lean and efficient organization does not guarantee better receivables performance. Instead, organizations should think more holistically about how they bill and collect and start focusing on their customers.
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