Two Finance Leaders Discuss the Need for Efficient Check Processing & Cash Application скачать в хорошем качестве

Two Finance Leaders Discuss the Need for Efficient Check Processing & Cash Application

In this video, we interview Barrett Smith, Versapay’s Chief Payments Officer and Customer Operations Officer, and Ed Neumann, Versapay’s Chief Financial Officer, on why businesses must automate accounts receivable and the need for greater efficiency across check processing and cash application activities. They give us expert insights into how automation accelerates working capital and improves customer satisfaction; how inefficiencies extend collections cycles and increase DSO; why legacy processes are consequential; how redeploying finance resources compounds automation’s efficiency gains; how automation leads to increased productivity and lower receivable balances; and more Video chapters: 0:00 — Intro 0:07 — Why adding efficiency to check processing and cash application is important 1:02 — How businesses can quantify the cost of inefficiency in accounts receivable 2:27 — How finance teams can redeploy resources 3:23 — What quick, tangible returns AR automation can deliver 4:22 — The long-term financial risks of failing to automate AR processes 5:38 — How inefficiencies in AR processes contribute to working capital shortages 💰⏰ Extra resources on lending efficiency to accounts receivable: — Use Versapay’s efficiency calculator to determine how much time and money you can save by automating check processing and cash application. More resources saved means more opportunities to invest in other projects and technologies, so unless you like inefficiencies, why wait: https://www.versapay.com/efficiency-c... — Throw out the Manual: Unlock Accounts Receivable Efficiency with Automation: https://www.versapay.com/resources/un... — The Accounts Receivable Performance Toolkit: https://www.versapay.com/resources/ac... About Versapay: For growing businesses that need to accomplish more with less, Versapay’s Accounts Receivable Efficiency Suite simplifies the invoice-to-cash process by automating invoicing, facilitating B2B payments, and streamlining cash application with AI. Versapay integrates natively with top ERPs, while allowing businesses to collect with a self-serve payment portal and collaborate with customers and teammates to resolve what automation alone can’t. Owned by Great Hill Partners, Versapay’s employee base spans the U.S. and Canada with offices in Atlanta and Miami. With 10,000 customers and 5M+ companies transacting, Versapay facilitates 110M+ transactions and $170B+ in payments volume annually. Learn more at https://www.versapay.com/?utm_source=... #AccountsReceivableEfficiency #AccountsReceivableManagement #ImproveAccountsReceivable