Next-Gen Cash Flow Management: AI-Powered Automation In 2024
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- What Is The Current State Of Cash Management?
- The Rise Of Automation In Cash Management
- AI In Fin-Ops: The Use Cases
- What Are The Benefits Of Automation In Cash Management?
- The Impact: Numbers And More
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TIME VS MANUAL PROCESS
According to a survey by PwC, 60% of finance professionals agree that manual processes contribute to sluggish analytics and cumbersome data collation.
Recent studies reveal that most finance teams spend a staggering 14 to 23 hours per week managing these two core accounting functions — between 4 and upward of 13 hours on AR, and 10 hours on AP — with 72% spending up to 520 hours per year on AP tasks alone…..