Accounts receivable: new approaches will transform business for the digital era

SHARE:

90% of mid-market enterprises are now digitizing accounts receivable (AR) processes: but that alone won’t be enough for businesses’ most important stakeholder—their customers.

Craig O’Neill, CEO at Versapay, says mid-market enterprises need to completely transform Accounts Receivable to bridge the gap with their customers and create genuine, lasting value for all.

Mid-market enterprises are the backbone of the North American economy, executing more than $4.54 trillion in payments volume annually. As the digital revolution continues, these companies are recognizing the benefits of digitizing AR processes – good news, given the reduced costs, fewer errors, faster processing and better customer dialog they get from digital invoicing, processing and payment.

As we argue in our new white paper, however, mid-market enterprises should be going beyond digitization to adopt a new, collaborative approach to AR that transforms accounting procedures, reduces risk, drives efficiencies and accelerates growth potential. In doing this, mid-market companies will deliver a quantum leap in efficiency, productivity, ease of payments and customer experience.

Find out more, download the white paper

Download pdf