Content provided by EVO Payments
AR Automation Market Overview
Manual accounts receivable work slows collections, strains cash flow and leaves teams little time for customers. This EVO Payments market overview explains what AR automation is and why B2B companies are moving away from manual processes. It draws on research from PYMNTS.com and American Express, which found that businesses relying more on manual AR processes have 30% longer DSO averages. It also breaks down the eight AR problem areas companies report, from operating costs to collections. It covers AFP findings on check fraud and the recovery of stolen funds. It then walks through the four categories of AR automation software: invoicing, payments, reconciliation and collections. Read it to understand the landscape before you evaluate tools for your own receivables process.
- 30% longer DSO data
- Eight AR problem areas
- Four software categories
What you'll get
A concise look at the state of AR automation in B2B, with third-party research on the cost of manual processes and a clear breakdown of what automation software can do.
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Risks of manual AR
See why 49.2% of surveyed respondents named manual processes a pressing AR department challenge.
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Check fraud exposure
Review AFP data showing 63% reported check fraud and 44% recovered none of the funds.
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Reported problem areas
Compare eight AR problem areas, from operating costs at 50.1% to collections improvements at 20%.
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Four software categories
Learn how invoicing, payments, reconciliation and collections modules each reduce manual AR work.
Guide preview
The state of B2B AR automation