A CFO’s GUIDE TO PAYMENT CYCLE MANAGEMENT MATURITY
Streamlining accounts receivable is a key objective of modern finance chiefs, as it has a direct impact on cash ow and cash management. Manual processes can take weeks, or even months, leading to operational inefficiencies that directly impact a company’s financial health.
Payment cycle management (PCM) solutions help companies meet diverse customer requirements and save time and resources by automating the accounts receivables process. PCM consists of three components: invoice delivery, invoice payment and cash application — applying incoming payments to the correct customer.
This eBook will explore:
- Determining where your company is in AR maturity;
- How changes in one aspect of the invoice-to-cash process impacts payment cycle management;
- The importance of analytics and strategies for building a good analytics framework;
- The role of emerging tools such as machine learning, mobile-optimized payment platforms and virtual credit cards in moving toward a more modern cash flow infrastructure.