O2C

Q. Do you have any figures on what the average OCR costs are? We were given an estimate by our current provider and I wanted to make sure it was comparable to other companies.  A. (Answered by the… Read More

Successful automation of Accounts Receivable and credit functions increases visibility into crucial areas like cash flow and working capital management, enabling the AR/credit director to become the… Read More

Q. Our company is beginning to research AR, AP, credit and collections management automation. I am looking for suggestions, input, your experiences and anything think would be helpful. If you AP &… Read More

You’ll read about automation as the magic bullet for everything that’s wrong with accounts receivable. It’s supposed to speed up invoice processing and get cash in the bank faster, the two main… Read More

Manual data entry is the archenemy of efficiency in accounts receivable. By putting an online payment platform in place, AR can improve all aspects of the payment process, reports Premium Receivable… Read More

While O2C straight-through processing may be the ultimate goal of AR professionals, a lack of corporate investment and budget constraints can often leave AR departments with receivables and payment… Read More

Let’s say you manage an accounts receivable organization. One of your biggest challenges is cash application; matching payments to invoices is a particularly painstaking task for you and your team.… Read More

Most AR and O2C professionals have at least heard of Robotic Process Automation (RPA) and may also be familiar with predictions that this new use of sophisticated computer software to automate

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Cash application—the process of matching customer payments to the corresponding invoices—must be performed accurately and quickly. If it’s not, the consequences can include mismatched payments… Read More