Here at Elevation, we’re ready to help you navigate the challenges associated with receiving and applying remittance data from electronic payments. Our team can help you develop the strategies and processes you’ll need to fully capitalize on faster payments. That’s why when we read Ernie Martin at ReceivableSavvy’s list of five challenges companies face when dealing with remittance data from electronic payments, we knew we had to share!
If you told your CFO that receivables processing is eating away 20% of their gross-margin, would they sit up and pay attention?
Unfortunately, while more than 41% of finance transformation programs are focused on correcting margin erosion by improving customer profitability, most C-suites are not focused on the role which you and the rest of the A/R team could play in this.