Fears of economic uncertainty have increased over the past few months, and more CFOs are rethinking the way their accounts receivable department operates.
- Most CFOs believe an economic slowdown is inevitable.
- Many businesses already have taken steps to prepare for a recession.
- Some businesses are scaling back their operations to conserve cash.
Against this backdrop, more CFOs are rethinking the way their AR department operates.Long viewed as a tactical back-office function and a cost of doing business in the eyes of many CFOs, AR is now seen as a way to unlock cash trapped on the corporate balance sheet. Businesses that can leverage the benefits of AR automation will lead the way in navigating the economic downturn and ensure they have the cash they need for continued operations.
Read IOFM’s latest white paper to learn how to unlock cash flow during uncertain economic times through AR automation.
