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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.

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