Integrated Receivables provides companies the ability to manage their receivables online where incoming payments of all types are consolidated into a dashboard for research, analytics and reporting. Payment Reassociation (PRA) improves straight-through processing (STP) by matching payments to open invoices and customer remittance information. PRA as integrated with INR, applies Artificial Intelligence (AI) and machine learning to payments, remittances, open invoices and customer decisioning behaviors to improve STP rates over time.

Learning Objectives:

  • Gain an understanding of applied AI & Machine Learning in the Accounts Receivable function to lessen human data entry and facilitate STP.