I was a CFO myself for five years previously before going into venture [...] We had thousands and thousands of customers, and we would have several people in my team that were basically just replying to queries and chasing people all day.
This is not ideal when trying to close the books, hit targets, or stay afloat. Beyond the financial strain, payment delays increase credit risk, disrupt cash flow, and wear down already-stretched teams. However, implementing AI in your payment process can help speed things up and give you more control and visibility in your financial operations. In this blog post, we'll break down the tangible benefits of using AI in accounts receivable (AR) management and the best tools to modernize your AR processes.