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Remote working prompts concerns, and seeks solutions
As 2021 approaches, companies are still facing considerable challenges in receivables. Credit & collections teams have had to adapt to remote working conditions while the payment behavior of customers has been highly erratic.
Digital receivables technology addresses the root cause of the problem by providing the transparency that is needed to reliably assess and mitigate credit and collection risk from home or the office.
FIS’ new market report, Crisis as a Catalyst for Change, surveyed 336 treasury, payments and receivables professionals across North America, Europe and APAC. The responses from 110 credit and collections executives reveals:
- the impact the pandemic has had on their operations
- the strategies they are choosing to deliver on three of Finance's most important priorities:
- cash flow
- working capital, and
- risk management
- why digital technology in the cloud can help support a remote workforce and reduce risk.
It's time for bigger thinking
Download the research findings to learn why 59% of credit and collections professionals are accelerating their move to digital solutions to ensure cash will not prove elusive in 2021 – and how automation embedded with artificial intelligence is improving collections & credit risk and providing more reliable cash forecasting.
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