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PayStream Advisors Announces Webinar on B2B Receivables & Collections Automation - PayStream Advisors, Inc., which specializes in financial automation research and consulting, will conduct a Webinar on Receivables Automation titled
PayStream Advisors Announces Webinar on B2B Receivables & Collections Automation

 

NewswireToday - /newswire/ - Charlotte, NC, United States, 2006/10/05 - PayStream Advisors, Inc., which specializes in financial automation research and consulting, will conduct a Webinar on Receivables Automation titled "New Technologies to Improve Receivables & Collections" on Tuesday, October 10 at 2PM..

   
 
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Particularly useful to business leaders in accounts receivable and finance & treasury this (free) online learning event will focus on the building blocks for financial automation, the basics of accounts receivable automation, how to get started with an automation project, and emerging automation technologies. Registration is required.

Accounts receivable (A/R) are typically one of the two largest assets on a corporation's books. However, AR issues are one of the last things on the minds of most financial executives. Not surprisingly, much more attention and money has been invested in supply chain management, particularly procurement and inventory management solutions. Consequently, systems on the buy side of the transaction are very often considerably more sophisticated than those used to manage the A/R operations. The effect of this disparity can be seen in the “pain” that trade credit vendors endure in dealing with invoice and payment discrepancies. This nagging realization that current A/R processes are inadequate has been magnified by the call for greater system integrity and accurate reporting as a result of the Sarbanes-Oxley (SOX) legislation. It is not a surprise, therefore, that 38 percent of the respondents to our Annual Financial Automation Survey indicated that SOX has increased their interest in new financial automation technology.

With the recessionary climate that was prevalent at the beginning of the millennium, and the resulting return to reality, risk management in the form of credit and collections has regained some measure of its past importance. Once again DSO is a top priority followed by the application of a number of technologies that benefit receivables management. In the best-case scenario, credit managers are being asked to do more without the hope of any additional staff resources even in the face of ongoing corporate growth. On top of this, many organizations have implemented ERP solutions that are woefully inadequate in terms of receivables and collections management (RCM) functionality, and which in many cases replaced legacy or home grown systems that were better suited to credit and collections management. Keeping this scenario in mind, we see RCM solutions as meeting a critical need in the corporate financial supply chain.

PayStream Advisors is preparing a new edition of the Receivables & Collections Management (RCM) buyer’s guide and vendor analysis report to provide an update on the rapidly emerging RCM landscape. PayStream’s earlier report Receivables & Collections Management: A Buyer’s Guide to Collections Automation Solutions, published in Summer 2005, provided an overview of the RCM market and featured in-depth profiles of eight leading vendors. The forthcoming report will provide valuable insights into new trends in RCM, updates on vendor profiles featured in the earlier report as well as new vendor profiles. This 60-70 page report, which will be published in the third quarter of 2006, is intended to help Fortune 1000 Customer Care, Collections, Accounts Receivables professionals and IT buyers make vendor and technology selection decisions as the evaluate collection management solutions to automate their business to business collection management process. This report will focus on receivables and collections automation solution providers who have strong capabilities and product strategies to meet the needs of medium and large corporate accounts receivable automation efforts.

PayStream Advisors delivers unbiased, third-party market trend information, assessments of financial automation technology and innovative ideas to business leaders in consumer billing, finance and treasury, healthcare, accounts receivable and accounts payable.

 
 
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Written by / Agency / Source: PayStream Advisors, Inc.

 
 

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PayStream Advisors Announces Webinar on B2B Receivables & Collections Automation

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Publisher Contact: Meredith Wiggs - PayStreamAdvisors.com 
704-523-7357 x223 mlwiggs[.]paystreamadvisors.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PayStream Advisors, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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