How can AI be used in accounts receivable?

AI can be used in accounts receivable to automate repetitive tasks like invoice matching and cash application, predict payment behaviors to identify late payers, forecast cash flow with greater accuracy, optimize customer communication for collections, and provide real-time insights for strategic decision-making. More advanced AI, like Agentic AI, can even autonomously manage workflows and adapt to optimize results.

What is the role of AI in AR?

The role of AI in AR is to empower finance teams to make faster, smarter, and more data-driven decisions. It moves AR beyond traditional, manual processes by automating tasks, providing predictive insights into payment trends and risks, enhancing customer communication, and ultimately accelerating cash flow. AI acts as an intelligent assistant, advisor, and even an autonomous agent, freeing up human teams for more strategic work.

Can accounts receivable be automated?

Yes, accounts receivable can be significantly automated, and AI plays a crucial role in this transformation. Basic automation uses rules-based logic for tasks like invoice delivery and payment reminders. However, with AI, automation evolves into intelligent, self-optimizing processes. Machine Learning allows systems to learn from data, while advanced AI (like Agentic AI) enables autonomous workflows that can make decisions and adapt in real-time, greatly increasing the scope and effectiveness of AR automation.