AR Automation: A Tailored Approach for Diverse Business Roles



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 more efficiently. Inebura does that perfectly and gives access to insights and information that help CFOs make informed strategic financial decisions.

  •  

    CFOs are more concerned with improving the visibility of the entire AR Management operation so that they are able to access data-based projections in real time.

  •  

    CFOs need to track the progress and results of the Accounts Receivable Team’s efforts and Inebura offers them Actionable Dashboards so they can do a deep audit as and when required.

  •  

    CFOs need to be aware of bottlenecks and need to pinpoint red flags that is causing delays in collection. Inebura highlights those areas and raises red flags so that proper control can be exercised or, if need be, pull-up resources or deploy more resources.

  •  

    The AR Management Process need to be independent of resources – the conventional manual process is, in fact, far from being independent. Unplanned leaves, employee challenges etc. can be a huge cause of stress. With Inebura, you can automate most of the manual tasks and CFOs can actually go stress-free.

  •  

    CFOs, apart from having a comprehensive 360O view of the entire receivable portfolio, need intelligent actionable insights and reports. Inebura ensures that such insights and reports are emailed every day so that CFOs can make well-informed strategic decisions.

Comments

Post a Comment

Popular posts from this blog

Blockchain Sips on the Future with AR Automation

Huh!... Blockchain and AR Automation? What’s the connection? This would be the question on the minds of most of us because when hear the term ‘blockchain’, we almost immediately think of cryptocurrency (Bitcoin, Ethereum…). Well, there’s more to blockchain than just cryptocurrency. In fact, blockchain offers tremendous opportunities for multiple applications, and one such potential application is in the  management of Accounts Receivable s, as part of the e-invoicing process. For any business, the current invoicing process involves delivery of invoices (either online or offline), followed by a reconciliation process against POs & purchasing system data, and finally payment. This, already long process, is slowed down by the need for approval and review at every stage. While automation of e-invoicing helps deliver invoices faster, and businesses are looking at automating payment processing as well, there are still several ways to increase accuracy and speed. And one key way is Blockc
Read more

Maximize Profits with Automated Revenue Management

Efficiently and effectively managing the accounts receivable process is a tedious and a time-consuming job. For CFOs and their finance teams, optimizing accounts receivable is one of the three cornerstones of efficient working capital management that plays an important role in freeing up cash that’s hiding in the business processes. Organizations that use conventional AR Management Processes are perpetually struggling to chase, collect payments and reconcile payments and for that they spend a significant amount of time going through multiple spreadsheets to track information and deliver reports on key AR Metrics. The highly manual processes bring about frequent errors that lead to payment disputes, which in turn lead to either late payment or bad debt.  If you can identify with the above scenario then Accounts Receivable Automaton Software is the solution that you definitely need. The software will streamline the entire invoice-to-cash-cycle so that you improve your collection potentia
Read more

HOW AR AUTOMATION HELPS ADDRESS CHALLENGES IN AR MANAGEMENT

Accounts receivable (AR) management can be challenging for businesses, especially when it comes to processing invoices, tracking payments, and managing collections. However, with the advancements in technology, automation tools have emerged that can help businesses streamline their AR processes and overcome these challenges. In particular, the use of augmented reality (AR) automation can provide a range of benefits for businesses, including improved efficiency, accuracy, and cost savings: Manual data entry and processing One of the biggest challenges in AR management is the need for manual data entry and processing. This can be a time-consuming and error-prone process, leading to delays and inaccuracies in invoice processing and payment tracking. However, with AR automation, businesses can streamline their invoice processing and payment tracking by automating these tasks. AR automation tools can extract invoice data automatically, eliminating the need for manual data entry, and
Read more