The Answer to Treasury Troubles: Integrated Receivables?

More than half of all businesses report they have experienced late payments. Those who have found themselves waiting on a late payment have lived through the fiscal effects on the smooth operation of their organization. These long-term effects create a domino effect for corporates and small businesses alike, with impacts ranging from limited cash flow to stunting business growth.​ Research suggests that the average Days Sales Outstanding (DSO) for most businesses is 67 days and 47% of business say their DSO has increased in the past 12 months. The bad news is that the manual error-prone processes in Accounts Receivables (AR) continues to be the major culprit. The session will uncover the role of financial institutions in solving late payment challenges. Speakers showcase innovative technologies and best practices that can be implemented to support clients in managing AR effectively. They will highlight the importance of automation, digitization, and data accuracy in reducing errors, enhancing invoice processing speed, and improving overall AR efficiency. ​