CFOs are taking a hard look at their accounts receivable processes.
As one of the largest assets on the balance sheet, accounts receivable can have a big impact on the financial performance of an organization.
One way that CFOs are improving their organization’s accounts receivable processes is by rethinking the way it researches and resolves customer deductions – when a payment is made on an amount less than the net invoice amount.
Poor deductions management results in:
High operational costs
Wasted employee time
Frustrated customers and departmental stakeholders
It’s time to automate deductions management.