Accounts receivable (AR) is the process of collecting payments from customers who have purchased goods or services from a business. It is a vital part of any business’s cash flow and financial health, but it can also be time-consuming, error-prone, and costly to manage manually.

That’s where artificial intelligence (AI) comes in. AI is the ability of machines to perform tasks that normally require human intelligence, such as understanding language, recognizing patterns, and making decisions. AI can help automate and optimize the AR process, saving time, money, and resources for businesses of all sizes and industries.

Payment automation is the process of using technology to automate the payment of invoices and bills to your vendors and suppliers. It is a way of streamlining the accounts payable (AP) process and reducing manual work, errors, and costs. Payment automation can also improve your cash flow, supplier relationships, and data visibility.

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