#automation in AR
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aconsultancyblogs · 1 month ago
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Transforming Financial Processes for the Future with AR Outsourcing
As businesses evolve in the digital era, financial operations must keep pace. One forward-thinking strategy gaining traction is accounts receivable outsourcing—a solution that drives accuracy, speed, and cost-efficiency. Embracing this model is not just about delegation; it’s about reshaping the future of finance.
The demand for efficiency in collections is higher than ever. Late payments and processing delays can strain cash flow and hinder growth. Outsourced AR teams use automated reminders, analytics, and streamlined workflows to ensure quicker payments and improved customer communication.
Looking ahead, the future of finance lies in data-driven decision-making and lean operations. By outsourcing AR, companies gain access to industry best practices, AI-powered tools, and dashboards that track every receivable in real time.
One major benefit of outsourcing is automation in AR. Manual invoicing and follow-ups are time-consuming and prone to error. Through automation, businesses can accelerate collections, reduce human error, and free up internal resources for more strategic tasks.
Moreover, accounts receivable outsourcing fits perfectly within a broader shift toward outsourced finance solutions. From bookkeeping to collections, finance departments are increasingly relying on external specialists to deliver high performance without the high cost of in-house teams.
Ultimately, accounts receivable outsourcing empowers companies to scale effortlessly. It supports agility, reduces financial risks, and enables smarter resource allocation—all essential elements in a competitive market.
In summary, embracing AR outsourcing is not just a tactical move—it’s a strategic step toward modern, efficient, and future-ready finance operations.
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nicknacknightmare · 1 year ago
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OK! 54 pages into Eagle Strike, and I'm really enjoying Yassen Gregorovich's character. A guy just doing what he's paid to do, nothing personal. Very much so looking forward how his 'Kid wtf are you doing in this business. Go home and be safe' attitude evolves from here.
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stainlesssteellocust · 2 years ago
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I know the aesthetic is "everyone is filthy and bleeding and the worlds are all polluted and rotting and everything is awful all the time" but considering one of the Ruinous Powers is literally the god of filth and disease, it would make sense for the Imperium to have a culture of purity and cleanliness actually
"To despoil the Emperor-given body of humanity is heresy of the gravest order! You wash your face young lady or the pox-father will strike you down with zits before the Sanguinalia dance!"
People on ships probably have ritual cleansing periods based on the Terran day-night cycle, Ultramar has Roman-style public baths where the Ultramarines hang out
Of course since this is 40k they're going to be absolutely unhinged about it
Commisars shooting soldiers because they're not keeping clean enough when there's mud and blood and death everywhere and they've been fighting orks for the last solid day
Men dying of thirst so the general can have his twice-daily bubble bath to show his piety
The Sisters Hospitaller do canonically daube their armour in 'protective' incenses and ointments, either for genuine protective reasons, weirdass Imperial superstitions or maybe just so they can smell pretty while they're stalking through crowded wards saving lives or torturing injured heretics before executing them with bolt pistols I don't know (her ass has NOT agreed to medical neutrality!)
so I like to think that, like we say "sing yay many verses of this song while washing your hands to make sure you've done it long enough" they're doing the same with Imperial hymns
(not sure about the Militarum's doctors since they sometimes lean into "ghastly WW1 field hospital" vibes, but the SH's actually study new things and have access to medical texts and research mutation and xenobiology so I think they have a grasp of medical sanitation and PPE, most Astartes probs do too)
Picture a Astra Militarum doctor, Sister Hospitaller and Spess Mehreen Apothecary all stood by hand-sinks singing as they wash their hands:
Happy those who do not follow the counsel of the wicked, Nor go the way of sinners, nor sit in company with heretics. Rather, the law of the Imperium is their joy;    the Emperor’s law they study day and night. They are like a tree planted near streams of water that yields its fruit in season...
Some Astartes or Battle-Sisters do the whole "fight gloriously for days without rest against impossible odds until relief comes" thing that happens every week or so like clockwork and realistically come out the other side absolutely filthy and rancid, so they flagellate themselves half to death for failing to meet the ritual bathing criterias needed to maintain their divinely-granted human forms because they're terrifying religious fanatics
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kapittx · 1 year ago
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How Can Gen AI Revolutionize Your Accounts Receivable Process?
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The advent of Generative AI (Gen AI) heralds a paradigm shift in the landscape of Finance and Accounting (F&A). Much like the introduction of spreadsheets as a product innovation decades ago, finance professionals were quick to embrace and derive immense benefits from the use of spreadsheets. 
Gen AI in Finance and Accounting emerges as a potential game-changer, poised to revolutionize traditional practices within the realm of F&A and invoice payments. However, for this potential to be realized, CFOs must demonstrate openness to experimentation, allowing themselves to explore the tangible impact of Gen AI in Finance and Accounting functions.
Embarking on this journey necessitates a focused exploration of Gen AI’s applicability, particularly within accounts receivable management and invoice payments. By delving into this domain, CFOs can gain firsthand insight into the transformative power of Gen AI in Accounts Receivable. As with any strategic business investment, it is prudent to assess the anticipated returns and the timeframe within which these benefits can be realized.
In essence, embracing Gen AI in accounts receivable and invoice payments represents not only a technological advancement but also a strategic imperative for forward-thinking finance leaders. By embracing innovation and fostering a culture of experimentation, organizations can unlock unprecedented efficiency, agility, and competitive advantage in the ever-evolving landscape of finance and accounting.
How Can Gen AI Revolutionize Your Accounts Receivable Process?
Irrespective of the organization, to ensure optimal efficiency within the accounts receivable function and to explore the potential of integrating Gen AI powered Accounts receivable, it is essential to adopt a strategic approach centered around four key building blocks. These pillars serve as the foundation for effective management and innovation in accounts receivable:
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Receivable Antecedents : 
This encompasses the meticulous orchestration of all preliminary tasks necessary to establish a receivable. From the initial engagement with clients to the negotiation of terms, to the careful documentation of agreements, each step in this process demands precision and foresight. Building strong receivables antecedents lays the foundation for smooth transactions, timely invoice payments and ensures a robust financial framework
They include:
Customer Onboarding: Accurate customer data collection, credit checks, and setting credit limits.
Sales Order Processing: Efficiently converting orders into invoices.
Contractual Agreements: Clear terms and conditions regarding payment terms, discounts, and penalties.
Order Fulfillment: Ensuring timely delivery of goods or services.
Timely Invoicing: Generate invoices promptly after goods/services are delivered.
Clear and Accurate Invoices: Ensure clarity, itemization, and correct pricing.
Invoice Presentment and Reminders: 
In the dynamic landscape of revenue management, the presentation of invoices holds paramount importance. It transcends beyond mere documentation; it embodies the essence of your transactions, encapsulating the value exchanged with your clients. Your approach to invoice presentment and invoice payments is characterized by clarity, accuracy, and timeliness. Moreover, one need to recognize the strategic significance of reminders in facilitating prompt invoice payments. Through proactive communication and gentle nudges, you endeavor to uphold transparency, nurture client relationships, and optimize cash flow dynamics.
This step involves creating and delivering invoices to customers:
Multiple Channels: Offer electronic and paper-based invoice delivery to facilitate invoice payments.
Standard Payment Reminder Schedule:
o Set a consistent schedule for sending payment reminders. This helps maintain clarity and predictability for both you and your clients. o Send reminders before the due date to gently prompt clients to pay on time. o Issue reminders close to the actual due date to emphasize the urgency.
• Personalized Reminders:
      o Customize your reminders to suit each client. Address them by name and include relevant details.       o Personalization shows that you value the relationship and encourages prompt payment.
• Politeness and Professionalism:
o Maintain a polite and professional tone in your reminders. o Avoid threatening language or negativity that could harm the client relationship. o Clearly state the purpose of the reminder and the essential details, such as the invoice number, amount due, and due date.
Collaboration :
Collaboration lies at the heart of your approach, both externally with your valued customers and internally among your team members and departments. Externally, effective collaboration involves understanding your clients’ needs, communicating transparently, and working together to resolve any issues or discrepancies promptly. Internally, collaboration ensures alignment across functions, streamlines processes, and maximizes efficiency, ultimately leading to superior customer service and satisfaction.
Effective communication is crucial:
Customer Communication: Regular follow-ups, addressing queries, and resolving disputes.
Internal Coordination: Collaboration between sales, finance, and customer service teams.
Dispute Resolution: Swiftly address any discrepancies.
Payments and receipt management :
Efficient management of invoice payments and receipts is essential for maintaining cash flow and optimizing financial performance. This includes implementing secure and convenient payment channels, diligently tracking incoming payments, and promptly reconciling accounts. By prioritizing invoice payments and receipt management, you can minimize delays, mitigate risks, and ensure the stability and resilience of our financial ecosystem.
Efficient handling of incoming invoice payments:
Payment Channels: Accept various methods (credit cards, bank transfers, etc.).
Reconciliation: Match payments with outstanding invoices.
Cash Application: Apply payments accurately to the correct accounts.
What are the building blocks of Gen AI in Accounts Receivable?
Overall, Gen AI in accounts receivable encompasses a wide range of capabilities making it a versatile tool for various applications across different domains. A few of the core building blocks are –
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Data Generation: Gen AI In accounts receivable, can generate synthetic data to augment existing datasets used for training predictive models. For example, it can create simulated customer invoice payments histories, including variations in payment amounts, frequencies, and timing. This synthetic data allows organizations to train their models more comprehensively, improving the accuracy of predictions regarding future payment behavior.
Data Conversion: Gen AI in accounts receivable can facilitate the conversion of data between different formats in the accounts receivable process. For instance, it can automatically convert paper-based invoices into digital formats by extracting relevant information such as invoice numbers, amounts, and due dates using optical character recognition (OCR) technology. This conversion streamlines the invoicing process, reducing manual effort and minimizing errors.
Data Categorization: Gen AI in accounts receivable, can categorize transactions based on various criteria such as invoice payment methods, customer segments, or invoice statuses. For example, it can automatically classify incoming invoice payments as cash, checks, or electronic transfers, allowing finance teams to track payment trends and reconcile accounts more efficiently. By categorizing transactions accurately, Gen AI powered accounts receivable enhances data organization and facilitates deeper insights into receivables management.
Advisor Functionality: Gen AI in accounts receivable serves as an intelligent advisor by providing actionable insights and recommendations based on analyzed data. For example, it can identify patterns of late invoice payments or discrepancies in invoicing that may indicate potential issues with specific customers or billing processes. By alerting finance teams to these anomalies, Gen AI powered accounts receivable enables proactive intervention to mitigate risks and optimize cash flow management.
Overall, Generative AI enhances the efficiency and effectiveness of accounts receivable operations by generating data, facilitating data conversion, categorizing transactions, and providing intelligent advisory support. By leveraging Gen AI capabilities, organizations can streamline receivables management processes, improve decision-making, and ultimately enhance financial performance.
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russmorris · 2 years ago
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A.R.S.
Pentax K10D + Lensbaby Composer, Sweet 35
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pttedu · 11 days ago
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Technological Advancements in Welding Technology & Training | PTTI Insights
Discover the latest technological advancements transforming welding—from automated welding systems and robotics to virtual training, augmented reality, and AI-powered quality control. Learn how PTTI integrates these cutting-edge tools into its welding curriculum to equip students with modern skills demanded by industry. Stay ahead with hands-on experience in the most advanced welding techniques and technologies shaping the future of manufacturing and construction.
Related Tags : welding technology advancements, welding training technology, automated welding systems, welding robotics, AR welding training, virtual welding simulator, AI quality control welding, PTTI welding tech, advanced welding techniques, industry 4.0 welding
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powerofdigitalword · 1 month ago
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Digital Marketing in 2025: Trends, Tools & Strategies That Actually Work
As we settle deeper into 2025, digital marketing continues its rapid evolution, driven by emerging technologies, shifting consumer behaviors, and innovative platforms. For any digital marketing company, staying ahead of the curve and adapting to new trends is crucial to deliver effective campaigns and measurable results.
In this blog, we’ll explore the top digital marketing trends, tools, and strategies that are making the biggest impact in 2025 — and how a digital marketing company can leverage them to help brands grow effectively.
Top Digital Marketing Trends in 2025
1. AI-Powered Personalization at Scale
Leading digital marketing companies are using Artificial Intelligence (AI) to create hyper-personalized experiences — tailoring content, recommendations, and offers uniquely for every user, enhancing engagement and conversions.
2. Voice Search Optimization
With the rise of smart speakers and voice assistants, digital marketing companies focus on optimizing content for voice search by targeting conversational keywords and natural language queries.
3. Video Content Dominance
Video remains the most engaging content format. Top digital marketing companies prioritize short-form videos and livestreaming to capture audience attention and foster community interaction.
4. Privacy-First Marketing
A reputable digital marketing company implements privacy-first strategies to comply with data regulations and build customer trust by focusing on transparent data practices and first-party data.
5. Immersive Experiences with AR & VR
Innovative digital marketing companies are harnessing AR and VR technologies to deliver immersive brand experiences that stand out in the crowded marketplace.
Must-Have Digital Marketing Tools in 2025
1. AI Content Generators
Many digital marketing companies now utilize AI-powered writing tools like ChatGPT to create quality content quickly and efficiently.
2. Customer Data Platforms (CDPs)
A reliable digital marketing company uses CDPs to unify customer data from multiple sources, enabling precise targeting and personalization.
3. Social Media Analytics & Management Tools
Tools such as Sprout Social and Hootsuite empower digital marketing companies to manage and analyze campaigns across platforms with ease.
4. Marketing Automation Platforms
Advanced automation with AI capabilities is key for digital marketing companies to deliver personalized email marketing, lead scoring, and customer journey mapping.
5. Voice & Visual Search Optimization Tools
Optimizing for emerging search formats is a priority for digital marketing companies to capture new audience segments effectively.
Proven Digital Marketing Strategies That Work in 2025
1. Omnichannel Customer Engagement
A top digital marketing company ensures seamless brand experiences across channels with consistent messaging and integrated data.
2. Content Experience Over Content Volume
Successful digital marketing companies focus on meaningful, immersive content experiences — such as interactive videos and personalized quizzes — to foster stronger audience connections.
3. Community Building & Social Commerce
Building loyal communities and leveraging social commerce is a key strategy used by leading digital marketing companies to drive sales and engagement.
4. Data-Driven Decision Making
Using analytics and AI, digital marketing companies optimize campaigns in real-time for better ROI and more targeted messaging.
5. Sustainability & Ethical Marketing
Modern consumers support brands with social responsibility, and forward-thinking digital marketing companies integrate ethical values and sustainability messaging into their campaigns.
Final Thoughts
For any digital marketing company looking to thrive in 2025, blending cutting-edge technology with authentic human connection is essential. Embracing AI, prioritizing privacy, delivering immersive experiences, and focusing on meaningful engagement are the pillars of success.
If you want your digital marketing company to stay competitive and deliver outstanding results, start integrating these trends, tools, and strategies into your approach today — and watch your clients’ brands grow in the dynamic digital landscape of 2025.
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jcmarchi · 1 month ago
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Apple developing custom chips for smart glasses and more
New Post has been published on https://thedigitalinsider.com/apple-developing-custom-chips-for-smart-glasses-and-more/
Apple developing custom chips for smart glasses and more
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Apple continues its focus on hardware produced in-house, and is currently working on a new generation of chips for future hardware, according to Bloomberg.
The processors are thought to be destined for use in smart glasses, AI-capable servers, and the next generations of Macs.
One project involves a custom chip designed for smart glasses, which are thought to offer voice commands, photo capture, and audio playback, but will not be full augmented reality (AR) devices. The chip design is based on the low-power components used at present in the latest models of the Apple Watch, but modified to use less energy and support multiple cameras.
Apple has yet to comment on any of the rumoured projects ­ it’s a company with a strict policy of keeping the products it may, or may not be developing under wraps. However, production for the glasses chip is said to begin by late 2026 or early 2027. If that timeline holds true, devices could reach the market in two years. As with most of Apple’s chips, Taiwan Semiconductor Manufacturing Co. is expected to handle production.
Smart glasses have been in development at Apple for several years, industry insiders claim. The company aims to build full AR wearables that overlay digital information onto real-world views, but the technology is yet to be ready for everyday use. In this sector, Meta has already broken some ground, launching smart glasses in partnership with Ray-Ban. Apple seems to be pursuing a similar product, minus the AR features – at least, in any device’s first iteration.
Sources say Apple is developing both AR and non-AR glasses under the codename N401, previously N50. According to reports, Apple’s CEO Tim Cook hopes for the company to take a lead in this market segment. Meta, meanwhile, is expanding its own product line, planning to debut a high-end model of its Ray-Ban style device with a display later this year. The company is said to be targeting 2027 for its first, fully-AR glasses gadget.
Apple’s non-AR glasses could use cameras to scan the environment and apply AI to assist users, mirroring Meta’s current strategy. Apple is said to be biding its time, and waiting for AI software to mature before committing to a full product release.
In the meantime, Apple is exploring other avenues to improve its current product lines, with engineers reportedly testing features like cameras in AirPods and smartwatches, which will likely use Apple chips currently in development. Codename “Nevis” is slated for a camera-enabled Apple Watch, while “Glennie” is intended for AirPods. Both are thought to be planned for release by 2027.
Apple is said to be preparing a new set of processors specifically for Macs; the M6 (Komodo) and M7 (Borneo), and a higher-end chip “Sotra”. Apple is also thought to be planning to upgrade the iPad Pro and MacBook Pro with its M5 chip later this year.
Internal-to-Apple chip development efforts are part of Apple’s broader push to control the full hardware stack of its products. The hardware group, led by Johny Srouji, has been expanding its portfolio: Earlier this year, Apple launched its first in-house modem chip in the iPhone 16e, with a higher-end version, the C2, planned for release in 2026.
(Photo by Unsplash)
See also: Apple AI stresses privacy with synthetic and anonymised data
Want to learn more about AI and big data from industry leaders? Check out AI & Big Data Expo taking place in Amsterdam, California, and London. The comprehensive event is co-located with other leading events including Intelligent Automation Conference, BlockX, Digital Transformation Week, and Cyber Security & Cloud Expo.
Explore other upcoming enterprise technology events and webinars powered by TechForge here.
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scriptingthewhy · 2 months ago
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The Path of Transformation: From Simplicity to Complexity and Back Again
AI-generated image. Hold on; this might get hairy. The Ascent: Ten Pillars of Progress From the ancient forests that nurtured humanity’s early survival to the skyscrapers and silicon chips that define our modern world, technology has been both a reflection of our ingenuity and a testament to our ambition. We’ve risen with the tools we’ve created, building complex systems that sustain our…
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redmapletechnologies · 2 months ago
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Red Maple Showcases AR Payment Automation Solutions at the MSDW Dynamics 365 BC & NAV AR Payment Automation Showcase - Red Maple
We were thrilled to participate in the MSDW Dynamics 365 BC & NAV AR Payment Automation Showcase, where we demonstrated how Red Maple’s innovative solutions empower businesses to streamline accounts receivable processes and enhance payment automation.
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futuretiative · 2 months ago
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China has launched the world’s first commercial 10G broadband network in Xiong’an, Hebei Province, achieving download speeds up to 9,834 Mbps and upload speeds around 1,008 Mbps, with latency as low as 3 milliseconds. This initiative, a collaboration between Huawei and China Unicom, utilizes 50G Passive Optical Network (PON) technology, enhancing data transmission over existing fiber-optic infrastructure . 
The deployment of this ultra-fast network in Xiong’an—a city envisioned as a high-tech innovation hub—supports advanced applications such as 8K video streaming, cloud gaming, virtual and augmented reality experiences, and smart city technologies . This development positions China at the forefront of broadband technology, surpassing current top speeds in other leading nations .  
Source: tribune
#chinabroadband #10gbroadband #XionganNetwork #huaweitech #chinaunicom #50gpon #ultrafastinternet #smartcitytech #futureofbroadband #techinnovation
keywords: China 10G Broadband Commercial Network Xiong'an Hebei Province Huawei China Unicom 50G PON Passive Optical Network Download Speed Upload Speed Latency Fiber-optic Infrastructure 8K Video Streaming Cloud Gaming Virtual Reality (VR) Augmented Reality (AR) Smart City Broadband Technology Innovation Hub
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atcuality3 · 3 months ago
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Next-Gen AR Development: Bringing Ideas to Life - Atcuality
Augmented reality is no longer just a futuristic concept—it’s here, transforming industries and enhancing real-world applications. At Atcuality, we specialize in custom AR solutions designed to create interactive, engaging, and scalable experiences for businesses of all sizes. Our augmented reality development services cater to diverse industries, including retail, tourism, real estate, and automotive, helping brands deliver unforgettable user experiences. Whether you need AR-powered product visualization, training simulations, or interactive storytelling, our expert team ensures a seamless, high-quality solution tailored to your needs. Elevate your business with Atcuality’s cutting-edge AR technology and shape the future of digital interaction today!
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netsuitespot · 3 months ago
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Best NetSuite AR Automation - Bulk Email Invoices by Tvarana
Boost efficiency with Bulk Email Invoices by Tvarana for NetSuite AR automation. Featuring advanced features like AI-powered OCR for automatic invoice data extraction, seamless vendor lifecycle management, and robust two-way and three-way matching, Bulk Email Invoices by Tvarana streamlines invoice processing and approvals, eliminates errors, and accelerates payment cycles – enabling businesses with enhanced financial accuracy and operational efficiency.
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kapittx · 2 years ago
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A strategic approach to Accounts Receivable to get paid easier.
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Accounts Receivable Management is a financial term that reflects both the strength and weakness of a business. On one hand, accounts receivable enables a long-term customer relationship based on credit. On the other hand, accounts receivable also creates a risky credit line on the company’s balance sheet. Customer creditworthiness, alignment between sales and finance teams, streamlined AR processes with minimal efforts, and accountable ownership are key elements that contribute to a smooth and goal-oriented accounts receivable approach.
In simple terms, accounts receivable management ensures that the credits from customers are fully paid within the agreed time, improve cash flow and provide businesses with sufficient working capital. However, the AR process is not as simple as it sounds, and many businesses face difficulties in achieving it. Current Financial Environment:
Most businesses have established clear accounts receivable policies, but many of them are still struggling with the different aspects of accounts receivables - timely invoicing, confirmed due dates, receivables timing, outstanding balances, discounts and agreed payment terms, and write-offs are all different pillars for an efficient AR planning.
Cash that is locked in receivables is a delayed asset, and as long as companies follow and maintain a planned approach, the risk is manageable. However, many companies try to bypass the rules in the process of increasing sales, retaining customers, or simply due to a lack of ownership, resulting in a chaotic situation to track the trapped cash.
In the process of increasing the number of sales deals, businesses often neglect the AR policies and by the time they realize it, their working capital is already affected. A smart approach is needed, where new sales and repeat deals make a positive impact on the balance sheet, by bringing cash into the business without compromising the customer relationship.
Refined AR approach
While accounts receivable is a lengthy process, understanding the customer’s capacity and credit worthiness is vital, to start with. When designing an AR strategy, it is important to communicate the plan clearly across the sales, marketing, and finance verticals of an organization, so that the teams work together toward the common business objective.
Every transaction with the customer has to be documented and must be accessible to all the stakeholders involved in the process. Understanding that AR is a repetitive process, it is important to follow a step-by-step approach and not skip any steps.
A typical AR collection process will start with the sales and delivery of goods, issuing the invoice, collecting payment (complete or partial payment), recording and tracking the balance payment by the accounts receivable team, and clearing the invoice once the payment is collected or writing it off as bad debt. Every business strives to avoid the bad debts on its books, and some of the following strategies will help the process
⦁ Clear segmentation of the customer base ⦁ Creating a proven accounts receivable plan ⦁ Effective follow-up and clear communication message ⦁ Professional dunning approach ⦁ Embedding B2B Payments in the accounts receivable process
A simple way of segmenting customers based on past payment experience will help the receivables team to establish the desired number of touchpoints. Every past communication response from the customer will be useful to categorize them and then a follow-up plan is devised for each group. An accounts receivable plan aims to keep the receivables time frame as short as possible, as a delayed payment becomes riskier as the days pass. Therefore, it is important to reduce the credit extension days. An average invoice time can last up to 3 months, requiring a consistent and efficient follow-up depending on the customer base.
Embedding B2B Payments in the AR process is a smart way to facilitate faster and easier payments from the customers. By offering multiple payment options, such as credit cards, bank transfers, digital wallets, or cryptocurrencies, businesses can increase the convenience and security of the payment process. Moreover, by integrating B2B Payments with the accounts receivabale software, businesses can automate the invoicing, payment reminders, payment confirmation, and reconciliation processes, saving time and reducing errors. B2B Payments can also enable businesses to offer incentives, such as discounts, rewards, or loyalty points, to encourage customers to pay on time or early.
One of the challenges of managing your accounts receivable is dealing with different types of customers and their payment behaviors. Large companies may have multiple approval levels that can cause payment delays, so you need to identify and contact the right person who can speed up the process and clear your invoice. However, in small and mid-sized companies, you may face the problem of competing with other creditors for your customers’ attention and cash. In this case, you may need to send frequent and friendly reminders to prioritize your invoices over others, and also offer incentives for early payments that can benefit both parties.
Another challenge of managing your accounts receivable is dunning, which is the process of contacting your customers to collect overdue payments. Dunning management can be a frustrating and delicate process if not done in the right way, so you need to understand and empathize with your customers first. You need to use the right tone, language, and medium to communicate with your customers, depending on their situation and preferences. When you do dunning management effectively, you can overcome many obstacles and make payment collection a super-efficient process.
Follow-up is another important word in the receivables context, and it is closely related to dunning management. Follow-up is the process of keeping in touch with your customers until they pay their invoices, or until you decide to write them off as bad debts. Follow-up is crucial to maintain a good customer relationship and to avoid losing track of your receivables. However, you cannot afford to be boring and repetitive in your follow-up messages. You need to use a personalized and professional approach in every follow-up, and also provide value to your customers, such as updates, insights, or tips.
Managing your accounts receivable can be a complex and time-consuming process, but it can also be a rewarding and satisfying one, if you use the right tools and strategies. One of the tools that can help you focus on one thing - getting paid faster and easier - is Kapittx, an Accounts Receivable automation platform that uses facts to help you reduce your Days Sales Outstanding (DSO). Kapittx gives you a clear view of what’s working and what’s not, and why, in your Accounts Receivable process. It helps you establish a successful relationship between your customers’ accounts payable cycle, your invoice life cycle management, and your collective ownership. Kapittx also enables your collection teams and sales teams to collect payments faster and more efficiently than before, by embedding B2B Payments in the AR process.
B2B Payments are a smart way to facilitate faster and easier payments from your customers, by offering them multiple payment options, such as credit cards, bank transfers, digital wallets, or cryptocurrencies. These payment options can increase the convenience and security of the payment process for your customers, and also reduce the transaction costs and risks for you. Moreover, by integrating B2B Payments with the accounts receivable software, you can automate the invoicing, payment reminders, payment confirmation, and reconciliation processes, saving time and reducing errors. B2B Payments can also enable you to offer incentives, such as discounts, rewards, or loyalty points, to encourage your customers to pay on time or early.
If you want to improve your cash flow and reduce your DSO by more than 30%, you should try Kapittx, an Accounts Receivable automation platform that embeds B2B Payments in the AR process. Experience how Kapittx can speed up your payments and make your Accounts Receivable management a breeze.
Request a demo today.
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arihantcourierservices · 4 months ago
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International Businesses: Navigate Global Shipping with Arihant's Expertise
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The future of courier services is here! Explore key trends like AI-driven logistics, drone delivery, sustainability, and hyper-personalization shaping package delivery in 2025 and beyond. Learn how businesses can adapt and thrive in this tech-driven world.
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djcomputing01 · 6 months ago
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How AR Automation transforms financial operations
Accounts Receivable (AR) automation is revolutionizing financial operations. By automating tasks like invoicing, payment processing, and reconciliation, businesses can streamline their processes, improve cash flow, and reduce errors. With AR automation, finance teams can focus on more strategic initiatives, such as analyzing customer data and identifying opportunities for growth.
ARAutomation #FinancialOperations #CashFlow #Efficiency #BusinessGrowth
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