As the number of payments methods continues to grow, posting payments has become increasingly challenging. Customers enjoy great flexibility in the wide array of payment options they have today – checks, ACH, Wire, Card, Real Time Payments, etc. But the complexity of managing the different receivables products has become incredibly daunting. Very recently, AI-based technologies have begun to improve the process, ensuring timely and accurate A/R posting, leading to more timely and accurate credit management decisions. In this session, we will discuss the introduction of Artificial Intelligence to the A/R process and how we can adapt to the new environment.
- Participants will learn about ways that Artificial Intelligence is impacting accounts receivable processes today and about its potential impacts in the near and distant future.
- We will discuss ways that organizations can start to prepare for, or at least start to think about, AI enhancements to future banking services.