Streamline Your Accounts Receivable Process and Improve Cash Flow
Are invoice delays hurting your bottom line?
The average accounts receivable team processes 2,433 invoices per month. Yet, inefficiencies, communication lapses, and operational silos lead to processing delays, cash flow disruptions, and costly disputes. If your AR team isn’t keeping up, it’s time to rethink your strategy.
The True Cost of Inefficient Invoice Processing
- 27% of invoices are delayed due to communication issues, causing unnecessary disputes.
- Over half of AR teams’ workdays are spent resolving disputes instead of focusing on revenue realization.
- For 36% of mid- to upper-midsized companies (those with $250 million+ revenue), 50% or more of their AR team’s time is consumed by disputes.
Is Your AR Team Falling Behind?
- 96% of CFOs agree that AR teams would be more productive if they collaborated more effectively with accounts payable and internal teams.
- Yet, more than 75% of CFOs report that their AR teams are not caught up with invoicing, significantly hindering their ability to assess cash flow and impact revenue.
Why Invoice Delays Matter
Invoice backlogs don’t just cause frustration—they impact cash flow and operational efficiency. As 33% of older companies (15+ years in business) report delayed invoices up to 33% of the time, it’s clear that more efficient processes are needed.
Without the right tools, invoice disputes and delays can drain resources and prevent AR teams from completing essential tasks.
The Path to Better Invoice Processing
Overcome Operational Silos with Automation and Collaboration
Our solution empowers AR teams by breaking down the silos between departments and enabling streamlined collaboration with accounts payable and other internal teams. With the right tools, you can:
- Automate manual tasks and reduce delays caused by human error.
- Enhance communication between AR and AP teams to avoid unnecessary disputes.
- Boost team productivity, giving your AR department more time to focus on revenue rather than problem resolution.
The Results Speak for Themselves:
- Faster invoice processing and reduced backlogs.
- Fewer disputes, saving time and money.
- Improved cash flow visibility for better decision-making.
How We Can Help
Our solution provides:
- Advanced automation tools to streamline invoice processing and reduce human error.
- Seamless integration with your existing systems to enable better communication across teams.
- Real-time reporting and analytics to keep you on top of your cash flow and invoice statuses.
Take Action Today
- Stop wasting time on disputes. Let us help you improve your AR process and get back on track.
- Request a demo to see how our solution can help you streamline your invoicing and improve cash flow.
This article is posted at versapay.com
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