We’ve talked a lot about how A/R automation can help businesses save time, reduce errors, scale effectively, and get paid faster. However, there’s another key area where A/R automation workflows pay off: monitoring risk as it relates to customer credit.
Many business-to-business (B2B) companies offer their customers the ability to purchase on credit. Merchants may negotiate payment terms upfront, or just accept the customer’s standard payment terms (as some are non-negotiable). That means delayed payments and reduced cash flow for the merchant.