Digitalization of AR and AP processes isn’t just convenient for finance teams and customers alike. Shifting to instant payments and e-invoicing, for example, also bring an opportunity to sift through data and gain insights that could bring further efficiencies.
Today’s savviest companies are mining the new payments data they’re gathering to:
- Control costs
- Shift to faster, less error-prone payment methods
- Increase customer satisfaction
- Remove barriers to payment
- Slash the amount of time employees spend on manual AP/AR tasks
In this whitepaper, we list seven questions you should ask about your organization’s inner workings to learn about areas where automation could be a winner on a number of levels.