Company
Date Published
Author
Matt Springfield
Word count
848
Language
English
Hacker News points
None

Summary

To effectively manage Accounts Receivable (AR), accounting professionals face two key challenges: comprehensive reporting and visibility across multiple platforms, and manual tasks that slow down the collection process and invite errors. Robust data integration solutions can alleviate these problems by leveraging automation to ensure finance teams only need to perform manual intervention when necessary. Without dedicated connectivity solutions like CData, accountants may struggle with generating reports that span payments and AR ledgers, leading to potential reporting errors. However, implementing data automation and integrating the data from each software solution involved in AR management can free accounting professionals from repetitive tasks and significantly decrease the possibility of human error in routine AR tasks. A platform like CData Arc provides an integration and automation solution to support finance teams by implementing flexible business logic that automates routine debt collection processes.