Accounts Receivable (AR) processes in many businesses are inefficient, often relying on disjointed workflows and manual reconciliation. Utilizing data and technologies like robotic process automation (RPA) and artificial intelligence can streamline these processes, leading to faster payments, cost control, and improved customer satisfaction. For instance, data can help in targeting customers for digital invoicing and managing payments more transparently, reducing days sales outstanding (DSO). Companies like Kinepolis and Cooper Electric Supply have successfully leveraged data to significantly improve their AR processes, illustrating the potential for enhanced efficiency and reduced costs.

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