Manual accounts receivable processes had been waning for years before the COVID-19 pandemic sent automation of AR into high gear. Now labor market pressures and climbing input prices are forcing CFOs to work even smarter to make their operations more efficient.

Going all-digital with AR is becoming increasingly essential. AR management that’s cloud-based and digital by design allows for real-time collaboration and communication between companies and their clients. And it provides AR staff, including those who work remotely, with the tools to be more productive. In a recent Industry Dive and Versapay survey, CFOs who automated manual accounting processes in their own departments freed 20% to 60% of staff time for more strategic pursuits. In this playbook, you will learn:

• Why remote work is driving the need for financial automation
• The challenges and risks of manual payment processes 
• What the best AR automation and digitization tech looks like.