7 symptoms of a bad AR process and how to cure it with AI-driven automation
How businesses can transform their AR process into efficient systems that boost revenue and improve customer relationships
From soaring interest rates and sky-high inflation to a challenging labor market and increasing economic uncertainty, today’s businesses have a lot obstacles standing in the way of success. Increasingly, a big part of overcoming these challenges is the ability of the accounts receivable (AR) team to secure revenue and fortify critical customer relationships. The solution? Automation powered by AI technology.
Inefficient accounts receivable (AR) processes can have a significant impact on a business's bottom line. This is why it's crucial to identify and address the symptoms of a bad AR process, including manual data entry, missed payments, and errors.
By leveraging AI-driven automation, businesses can cure these symptoms and transform their AR process into a streamlined and efficient system that can boost revenue and improve customer relationships. However, implementing AI-driven automation comes with its own set of challenges. Many businesses struggle to find the right technology solutions, integrate them with existing systems, and ensure that their staff is properly trained to use them.
Join this session where Jon Seaman, Senior Account Executive at Esker, highlights how AI-driven solutions pave the way for optimized productivity, increased visibility and improved cashflow. Jon will discuss strategies for getting AP projects started by addressing how to identify solutions that can:
- Offer dashboards with customized KPIs to monitor daily receivables, collections performance and assess cashflow position.
- Add value throughout your AR processes, from credit management, invoice delivery and payment to cash application.
- Adapt to evolving business needs and ensure continuity even during periods of extended disruption.
Speakers
Jon Seaman
Senior Account Executive
Esker
Jon Seaman has been with Esker for more than 10 years. Having sold all of Esker's product offerings during his time with the company, Seaman has focused in on accounts receivable for the past six years, helping companies save time and money on their journeys to becoming more efficient.
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