AI Powered Accounts Receivable with Oracle NetSuite
to improve your cash flow
In the intricate dance of financial operations, ARM – accounts receivable management stands out as a particularly demanding performance. Companies set the bar high, expecting over 99.9% of all billings to be collected—a standard of near- perfection that few other departments are called upon to match. Collecting a mere 95% of revenue is deemed insufficient. Businesses will begrudgingly accept bad debt expenses amounting to a few tenths of a percent of revenue, but the threshold for tolerance is razor-thin. The expectation from the arm accounts receivable management team is clear: a significant majority of invoices should be settled promptly, with over 90% paid within 30 to 45 days of the due date.