Process Excellence for Today - a Catalyst for Shared Services
In an ever-changing business environment, companies are increasingly pressured to improve productivity and grow profits. Cash is king and debtors are one of the largest assets on the balance sheet for most organizations. Right now, managing costs, collecting cash and minimizing risk of non-payment has never been more critical. However, this process is often overlooked, and many organizations use outdated processes, placing a drain on their performance and morale. In this executive summary from a recent webinar we demonstrate how Intelligently Automated Accounts Receivable can be a catalyst for the AR and Credit teams.
Brain Morgan, a credit professional with over 30 year of experience discusses process excellence and the opportunities that AR automation can bring to an organization. He explains why improving the Cash Application process can transform the Accounts Receivable and Credit Department from a Credit Professionals perspective. You’ll learn how doing so can results in the team delivering a significant improvement in cash and working capital, improved customer and stakeholder experience, reduction in costs and improved user experience.
Download this executive summary to learn:
- How to review the success of a process
- How AR automation in Cash Application is an enabler and catalyst for customer performance improvements
- How to become a business partner rather than a service provider in finance, and specifically AR