How to Break Out of the Manual Cash Application Trap
Getting paid on time can be a challenge in times like these, but applying customer payments to open invoices is even harder for many businesses.
New forms of digital payments, decoupled remittance details, fragmented systems, and the shift to remote work is complicating the processing, matching, and application of customer payments.
Things get even harder as a business grows. As a result, AR departments waste lots of time and money manually applying payments.
Get your copy of IOFM’s latest white paper to discover how to break out of the manual cash application trap. You will learn:
- The impact of manual cash application
- How modern cash application solutions transform the way payments are posted
- Why it’s time to refresh your cash application