This whitepaper, sponsored by BlackLine, explores the evolving role of accounts receivable (AR) in business. Key challenges for AR include collections, deductions management, and electronic invoice presentment and payment (EIPP). Automation and advanced analytics are transforming AR processes, with nearly 70% of AR users prioritizing workflow automation. Analytics and automation are reshaping AR by enhancing cash applications, customer communications, and billing. Convergence of AR with financial reporting and budgeting is seen as valuable by 89% of users, and cloud-based solutions are emphasized for their flexibility, security, scalability, and innovation.

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