This week, discover episode 2 of the topic introduced 15 days ago on the impact of technology on Credit Managers:
Episode 2 – Robotic Process Automation, the vector of intelligent automation
RPA (Robotic Process Automation) technologies, which generally perform their tasks at night, contribute to the mass automation of repetitive and tedious rules-based business processes, such as the entry of accounting entries when registering a customer settlement, third-party payer searches, data “cleansing” in invoices, lettering, and so on.
For example, they can automate up to 95% of daily lettering operations. The credit manager can thus streamline and accelerate his processes in this area, and gain greater visibility of his accounts receivable. He can then concentrate on the more complex lettering tasks.
In addition, the robots can run powerful algorithms on, for example, reminder protocols defined on the basis of payment predictability criteria or adapted to each customer. In this way, they contribute to faster updating of accounts receivable, and limit or even eliminate delays or risks of delays in processing customer payments. These processes can be set up for one or several thousand invoices, leaving the accounts receivable department free to concentrate on higher value-added tasks, such as predictive analysis or performance management.
Read episode 3 on the following topic:
