AI-Powered Collections: Introducing Agentic Procedures
The receivables balance is the total amount customers currently owe a supplier for goods or services. This balance appears as a current asset on the financial balance sheet and directly impacts working capital and cash flow. To optimize this asset, accounts receivable teams use AI to segment customers by financial risk and automate outreach, ensuring that balances due convert to cash in the bank as quickly as possible.
Learn how to automate accounts receivable functions with AI.
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