We live in the fast-paced digital marketplace where account receivable or AR teams are continually facing wide array of challenges that are impacting company’s growth and overall cash flow. Even if you have an optimal rhythm regarding taking precautions and using specific automation practices, it is vital to understand the challenges that can be significant. The most common account receivable challenges are ledger disorganization, high DSO, inadequate policies and lousy communication. Therefore, you can streamline various processes, choosing paperless options, provide multiple payment options, automate AR and update customer information, which will help you deal with them. Still, when you…
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