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How Automation in AR is Shaping a Sustainable Future

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  Automation in AR is transforming industries with a focus on sustainability. By integrating AR-powered automation, companies can achieve higher efficiency, reduce material waste, and conserve energy. This shift not only supports a sustainable future but also helps industries meet regulatory standards while appealing to environmentally conscious consumers. The health and welfare of both the present and future generations are seriously being jeopardized by climate change, and if we don’t take cognizance of this looming challenge now, then it may be too late! Governments are lowering their carbon footprint by implementing various environmental initiatives and regulatory measures. The shift to a green economy will affect corporations and all other economic actors. Owners of businesses should consider their internal procedures and determine what can be changed immediately. Well, automation of accounts receivable is one of the most straightforward, advantageous, and significant intervention
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How to Keep Your Accounts Receivable Team Motivated and Happy

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For some AR Teams, it might feel like another time, another life, but for most AR teams, the process of payment matching had its own set of challenges which not only consumed time but was prone to errors: 1. Labour Intensive and Time Consuming Manual Data Collection:  AR teams had to manually retrieve bank statements and payment advice from different sources (emails, portals, etc.), which consumed a lot of time. Slow Matching Process:  Manually matching payments with invoices was extremely labour-intensive, especially if the amounts were different or if the payment involved multiple invoices. Follow Up with Customers:  If payment advice was missing, AR teams had to manually contact customers, and that used to cause additional unnecessary delays. THE IMPACT: The process slowed down cash application and delayed  cash flow visibility . The time spent manually matching payments reduced AR team productivity. 2. High Error Rates Data Entry Errors:  Manually inputting data from bank statement
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Customer Self-Service: A New Era of Efficiency and Satisfaction

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Self-service for customers changes the way businesses interact with their customers. Though self-service is not a novel idea, changing consumer preferences are demanding more self-service choices, especially in previously untapped markets. Recent research from Harvard indicated that 81% of customers would rather handle problems on their own instead of contacting live customer support agents. WHAT IS SELF-SERVICE FOR CUSTOMERS? Through customer self-service, customers can obtain information, solve issues, and carry out a variety of tasks without speaking with a company representative in person. Here's a look at some of the Advantages of Customer Self-Service: 1. Boosts the support team's productivity and efficiency Self-service customer support is available 24/7, so clients can resolve their problems on their own time and that too without requiring any assistance from the support staff, thereby enhancing overall efficacy. Furthermore, with fewer support tickets and inquiries to
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Why Every B2B Startup Should Invest in AR Management Software

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  In this age when India has become the hot bed of startups and with such a thriving eco-system to support the startups, it is still pertinent to remember that 80-90% of startups fail, as per a report by IBM. According to the Startup India program, around 27,000 startups registered under the program till 2020 and almost all the reasons why Indian businesses fail early, are connected to innovation and leadership: inadequate business models, bad planning, flawed consumer insights, or a lack of unique ideas. If we specifically look at the B2B space, the traditional B2B supply model is built on credit. Companies that ventured into non-secured credit and without any credit rating policy dictating the credit line failed as well as companies who didn’t manage their cash flow well to realize the revenue into a tangible entity. In this blog we will investigate major areas that startups have to look into and gradually we will dig deeper to uncover the final truth! So lets first understand the jo
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AR Automation: A Tailored Approach for Diverse Business Roles

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AR automation offers a tailored approach for various business roles. CFOs can use it for financial planning, accountants benefit from simplified reconciliations, and business owners enjoy quicker collections and improved financial management. CFOs, AR Managers, and AR Collection Teams – all have different roles to play in the entire  AR management process  and therefore need access to different things, different information and, of course, different set of analytics.  Accounts Receivable Automation  Solutions, such as Inebura, gives you the option to add multiple users with completely different access so as to make the process more efficient and productive. It also gives you the option to customize the information that can be accessed at these user levels. In this blog, we will explore what Inebura can  deliver to different users FOR CFOs: CFOs do not need to get into detailed analytics – all they need are insightful data points that are unbiased and help them manage their cash flows m
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Boosting Financial Health: The Need for AR Management Tools in B2B Startups

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To maintain financial health, B2B startups need AR management tools to automate collections, monitor receivables, and reduce manual errors. These tools are vital for keeping cash flow steady and improving overall financial efficiency. B2B Collections: So, what's it all about? Let’s solve this conundrum today. The process of collecting unpaid invoices from businesses or firms that owe money to another business is known as business-to-business (B2B) collections. This keeps companies' finances stable and guarantees that unpaid invoices are promptly collected. So how you strive to Improve Your B2B Accounts Receivable Process? Improving your B2B collections process is essential for maintaining a healthy cash flow and ensuring timely payments from your clients. Here are a few steps you can take to enhance your collections process: Provide explicit payment terms:  From the start of the business relationship, make sure your clients are aware of your payment terms. This includes statin
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Why AR Management Solutions Are Key to B2B Startup Success

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B2B startups rely on AR management solutions to maintain financial stability. By automating payment tracking and reducing delays, these tools ensure smooth cash flow, helping startups achieve success in their early stages of growth. In this age when India has become the hot bed of startups and with such a thriving eco-system to support the startups, it is still pertinent to remember that 80-90% of startups fail, as per a report by IBM. According to the Startup India program, around 27,000 startups registered under the program till 2020 and almost all the reasons why Indian businesses fail early, are connected to innovation and leadership: inadequate business models, bad planning, flawed consumer insights, or a lack of unique ideas. If we specifically look at the B2B space, the traditional B2B supply model is built on credit. Companies that ventured into non-secured credit and without any credit rating policy dictating the credit line failed as well as companies who didn’t manage their
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