Accounts Receivable, Credit & Collections Automation Survey

icon Research Report on Benchmarks, Best Practices, Accounts Receivable, Collections, Credit, Technology and Automation, Charts and Graphs, Research  •  posted 01/18/12

Automation of receivables and credit has become essential to achieving AR efficiency and improving cash flow management and forecasting. Moreover, automating the order-to-cash cycle has emerged as the key driver in delivering greater profitability through lower DSO and reduced discrepancies. By being armed with the information in the Accounts Receivable, Credit & Collections Automation Survey, conducted by IOMA’s Institute of Finance & Management (IOFM), you’ll be in an even stronger position to contribute highly recognized and strategic value to your organization.

See below for more details!

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In today’s volatile and challenging global economy, automating AR and credit processes has become a fundamental change driver. The automation challenge occurs in the context of an ongoing sea-change in the AR/credit profession. Today’s AR and credit executive is—far more than previously—at the center of a broader spectrum of “cross-functional” activities, including cash management and forecasting.

Automation of receivables and credit has become essential to achieving AR efficiency and improving cash flow management and forecasting. Moreover, automating the order-to-cash cycle has emerged as the key driver in delivering greater profitability through lower DSO and reduced discrepancies.

By being armed with the information in the Accounts Receivable, Credit & Collections Automation Survey, conducted by IOMA’s Institute of Finance & Management (IOFM), you’ll be in an even stronger position to contribute highly recognized and strategic value to your organization.

AR and credit professionals who automate their department successfully not only bring their department all the advantages of automation but also contribute to their company’s bottom line.

IOFM’s Accounts Receivable, Credit & Collections Automation Survey gives you benchmarking data on a host of automation issues, including:

• The average cost to produce and send invoices and how it has changed over the past two years
• The average cost to process and send an invoice via paper, electronically, or by fax
• The average cycle time (order to invoice delivery) in calendar days to invoice via: electronic/EDI; Paper/PO; Paper/non-PO; e-mail; fax; web form invoice
• How many companies outsource or have plans to outsource invoice production and mailing
• How much was spent on AR, credit and collections automation in 2011
• How much are companies planning to spend on AR, credit and collections automation in 2012
• Which processes and procedures your peers and competitors are targeting for automation
• And more

In addition to the survey data, you’ll get helpful best practices in the automation of key AR, credit and collections processes, including:

• Implementing automated credit decision-making
• Making the critical move to e-invoicing (and accepting payments electronically)
• Improving the credit and AR functionality of your ERP systems
• Jumping into the fast lane with electronic funds transfer (EFT)
• Going the whole nine yards with collection receivables management (CRM), or any other technology solution to improve your AR/credit department’s (and your organization’s) profitability and competitiveness

You’ll also get a wide range of tested strategies and hands-on, real-world solutions, as well as 27 tables and graphics accompanied by detailed analysis, for example:

The Accounts Receivable, Credit & Collections Automation Survey is the tool you need to help lead the transformation of your department and become the company’s go-to leader in assessing and implementing automation solutions that will drive cross-functionality while delivering cost and efficiency gains by presenting you with invaluable benchmarking data.

For more information, you can view the table of contents

Order the Accounts Receivable, Credit & Collections Automation Survey today by making a selection above or calling IOFM Member Services at 203-889-4977.

No-Risk Web Offer: You get IOFM’s Ironclad 100% Money-Back Guarantee: if you’re dissatisfied with your report for any reason, return it within 30 days and you’ll receive a full refund — with no questions asked.