6DECEMBER 2019Managing EditorSarah DawsonAaron Pierce Ann Bennis Antony MosesVisualizerJohn GothamSalesSarah DawsonManaging Editoreditor@cfotechoutlook.comRichard Watsonrichard@cfotechoutlook.comEditor's NoteContact Us:Phone:510-556-2280 Fax:510-894-8405Email:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com December 13, 2019, Vol - 05,Issue - 18 (ISSN 2644 - 2841)Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Editorial StaffAva GarciaJoshua Parker Paul BarberDavid ParkerCopyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffThe economy is changing fast, and volatility is constantly increasing--thus, access to market information is more critical than ever. Having real-time access to credit information via accounts receivable management is an essential pillar for the finance departments of all successful businesses today. Inefficient receivables management can lead to a breakdown in communication between the business and its customers and delay payments significantly. While on the other hand, fully utilizing professional accounts receivable management solutions and services can boost cash flow, reduce risks, and increase key performance indicators. Hence, understanding the receivables management process and its value as an integral part of customer relationship management is becoming essential as competition increases across the global markets, and cross-border sales become standard.The key to achieving a systematic cash flow is to set up recurring billing so that the companies are guaranteed to get paid by their customers on a regular basis. Similarly, configuring regular payment reminders can have a similar effect. Lastly, though it is much easier said than done, it is essential to ensure that the business is always following established operating procedures. With the implementation of the modern-day solutions for accounts receivable management, nearly every aspect of invoice issuing and delivery, customer communication and payment, debt collection, and dispute management is benefitting from automation. Against the rapidly evolving backdrop, while implementing an accounts receivable management system, it is essential to weigh the cost and benefit of in-house development versus outsourcing. The latter can help companies reduce operating, overhead, technology, and payroll costs, while also elevating cash flow and maintaining long-term relationships with customers.In this edition of CFO Tech Outlook, we bring to you some of the leading companies that have excelled through innovation in delivering the highest quality of accounts receivable solutions and services. We hope the inspiring success stories of these providers benefit our readers who are in pursuit of an ideal collaboration.Let us know your thoughts!Meeting your Financial KPIs
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