Over the last few years, the function of accounts receivable departments has shifted beyond the day-to-day tasks of monitoring overdue invoices and resolving disputes, as they gain increasing responsibility for strategic activities such as collections processes. These new responsibilities, coupled with inefficient procedures and the shift to remote and hybrid work models as a result of the Covid-19 pandemic, are challenging accounts receivable teams.
Digital tools that automate time-consuming manual tasks and streamline complex projects can help companies, as, according to Gaviti, almost 50 per cent of businesses experience lower delinquency rates when automating their accounts receivable collections processes.
Download this white paper to uncover:
- How the pandemic forced change for collections teams.
- The automation capabilities that help you increase efficiency, forecast cash flow, identify client payment patterns and implement smart workflows.
- Exclusive results from companies, such as monday.com and Vernovis, following their adoption of Gaviti's collections solution.