How Automated Cash Application Delivers the Benefits CFOs Need
- 2 min read
The modern day CFO is expected to play a central role in devising strategies to drive revenue growth, higher profits, and greater market share.
In this joint IOFM and DadeSystems (since acquired by Versapay) report, we explore the current state of businesses payments and accounting processes and how finance leaders are navigating a challenging economy.
Navigating the economic downturn has been hard on CFOs.
But the toughest challenge for CFOs lies ahead: positioning the business for growth and success. Businesses expect their CFO to be more than a financial scorekeeper. Today’s CFO must be a partner in devising strategies to drive revenue growth, higher profits, and greater market share.
Accounts receivable automation is one way that CFOs can help the business achieve its objectives.
An automated cash application solution delivers the strategic and operational benefits that CFOs need, while delivering a fast payback and setting a solid foundation for future business growth.
Produced in partnership with the Institute of Finance and Management (IOFM), this white paper details the importance of receivables management in tough economic times, the cash application challenges that businesses face, and the benefits of automated cash application.
In this report you'll learn:
- How you can create value for your CFOs with automated cash application
- The importance of receivables management in tough economic times
- Common cash application challenges that businesses face