The Business Imperative
for More Effective
Accounts Receivable Software

The uncertainty in the business world over the past 24 months has multiple layers that go beyond the pandemic. The regulatory landscape continues to shift and become more complex with new financial reporting, e-invoicing, and payment mandates being issued throughout various global markets. The geopolitical landscape is also disrupted by war and supply chain breaks. There have been extreme swings in the global capital markets unseen in more than a decade. All this uncertainty has created a financial minefield that businesses of all sizes must negotiate.

While organizations seek real-time cash flow information, many realize they don’t have the visibility, flexibility, and agility to adjust to the new normal. Unfortunately, a multitude of organizations are yet to fully embrace digital transformation (DX) within accounts receivable (AR) departments. Consequently, midmarket organizations, especially, find themselves struggling with legacy tools and antiquated processes. And because of the situation where demand meets reality, there has been and unprecedented urgency for immediate modernization of AR management tools.

Finance decision makers must be more strategic because of the global market uncertainty. They must look at AR data and find strategic trends and glean insights that will impact key performance indicators like days sales outstanding (DSO), average days delinquent (ADD), and accounts receivable turnover (ART) ratio. For fast-growing and evolving midmarket companies, functional and complex requirements could increase manifold for managing a larger group of customer accounts. So it’s essential to adopt solutions that scale with your company’s evolving financial roles and requirements.