3 Business Trends Impacting Accounts Receivable Departments in 2023
As more clients adopt modern technology to help streamline their accounts payable function, accounts receivable departments will have to adapt in lockstep to maintain strong relationships.
Owners of businesses big and small face an uncertain economic future as a potential recession looms in 2023. Accounts receivable (AR) operations will play an important role in the success of their companies as they ensure consistent, predictable cash flow that powers growth.
As more clients adopt modern technology to help streamline their accounts payable (AP) function, AR departments will have to adapt in lockstep to both maintain strong relationships and take advantage of electronic payment methods to protect cash flow.
Download our eBook to take a closer look at the three trends AR teams should watch in 2023.