6OCTOBER 2021Managing EditorSarah DawsonAaron Pierce Ann Bennis Antony MosesVisualizerSalesSarah DawsonManaging Editoreditor@cfotechoutlook.comRichard Watsonrichard@cfotechoutlook.comEditor's NoteEditorial StaffAva GarciaJoshua Parker Paul BarberJohn GothamCopyright © 2021 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 staffEmail:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com OCTOBER - 1 - 2021, Vol - 07, Issue - 09 (ISSN 2644 - 2841)Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com When the COVID-19 crisis began to affect worldwide, the preliminary response of CEOs and CFOs was about survival by trying to free up the flow of cash and resources. The liquidity crisis triggered by the sharp disruption in economic activities prompted organisations to rush toward cash and liquidity to keep operations going. That being said, the pandemic has demonstrated that a clear focus on cash excellence as part of ongoing operations prepares companies to be more resilient during a crisis and more robust and competitive when emerging from it. Companies that managed cash prudently before the pandemic has remained resilient, while the less-prepared faced existential threats in the face of a liquidity crunch. To avoid any scruples, businesses must build a reliable system to keep cash flow moving. Managing these aspects of a company can be time-consuming and resource-heavy. As a result, intelligent business owners are turning to automation to help send and collect payments. By deploying machine learning and automation in handling cash flow, companies can ensure that nothing is overlooked. For instance, to receive cash utilizing AI-driven platforms that provide forecasts by pulling in accounts payable, giving the finance department greater confidence to make sound, data-driven decisions. It can also make reporting more accessible to pinpoint issues such as delinquent accounts. These solutions help accelerate revenue recognition, lower write-offs, provide complete audit trails, and assist in dispute resolution, improving stakeholder satisfaction in the ecosystem.Creating an efficient and highly automated AP or AR function takes time, and most corporations still have work to achieve their end goals. In addition to aligning with the right technologies and external partners, successful organizations must examine their internal processes, approaches, and perceptions. With the COVID-19 crisis, companies have a chance to build momentum toward cash excellence. Organizations that seize this opportunity will be more competitive. By creating a cash culture, improving underlying systems, and embedding cash excellence into ongoing operations, organizations can strengthen their competitive positions now. On that note, we present the insights of the most promising Accounts Payable and Receivable Solution Providers in Europe and UK that are helping organizations explore and unlock perspectives that translate to desired business and operational outcomes. Let us know your thoughts.Preparing for Future Pandemic-like Disruptions
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