Pandemics, Plans & Pivots:
The New Demands on A/R and B2B Payments
If you are like most companies, the decrease in business activity due to the Pandemic combined with mail delays – to say nothing of scheduling your teams according to regulatory impact – led to challenges that negatively affected days sales outstanding (DSO) and resulting cash flow. Even if your company is experiencing a positive impact on its business, if your back-office A/R processes and workflows are still paper-based, DSO was negatively impacted. Several studies have shown that this correlation affects over 70% of B2B invoices and the resulting payments associated with them.
The operational impact on A/R processes will result in elevated spend levels on IT and technology solutions for 2021 and beyond…
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