NewswireToday - /newswire/ -
Charlotte, NC, United States, 2006/06/07 - PayStream Advisors, Inc., a research and advisory firm, will present a complimentary webinar (Mon, June 26, 2006 2:00 PM EST) showcasing new trends in the B2B receivables & collections automation industry.
The webinar pulls from PayStream’s forthcoming report on "Receivables & Collections Management" where analysts highlight the benefits of receivables & collections management (RCM) solutions in Accounts Receivable. It also offers insights into their impact on working capital as well as Sarbanes-Oxley compliance initiatives.
The New RCM Paradigm
Accounts receivable (A/R) is typically one of the two largest assets in a corporation's books. However, A/R 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. onsequently, systems on the buy side of the transaction are very often considerably more sophisticated than those used to manage the A/R operation. The effect of this disparity is illustrated 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 is magnified by the call for greater system integrity and accurate reporting as a result of the Sarbanes-Oxley (SOX) legislation. “As organizations wrestle with the reality of Sarbanes-Oxley compliance, they are turning to technology and automation options to alleviate some of the pain. Our recent Financial Automation Survey revealed that SOX has increased interest in new financial automation technologies at more than 60 percent of organizations surveyed”, noted Sush Koka, Senior Research Analyst at the Charlotte, NC-based firm.
“Keeping this scenario in mind, we see RCM solutions as meeting a critical need in the corporate financial supply chain. We believe that RCM solutions can facilitate the compliance process and reduce costs by streamlining the order-to-cash process. This is accomplished by consolidating information, automating repetitive tasks, generating actionable intelligence and driving workflow according to strategically designed software routines”, Ms. Koka offered.
PayStream’s RCM Buyer’s Guide
PayStream Advisors studies providers of financial products, services and technology and publishes reports to help finance managers make purchasing and automation decisions. The “Receivables & Collections Management” (RCM) report is aimed at corporate decision makers who want to learn about opportunities in accounts receivable operations and are interested in evaluating service providers for their departments. The forthcoming report will provide an overview of trends in the RCM space as well as profile six to eight leading vendors in this market.
About PayStream Advisors, Inc.
PayStream Advisors is a technology research and consulting firm that improves the way companies plan, evaluate, and select emerging technologies to achieve their business objectives. Our services are designed to minimize risk and maximize the value associated with technology investments. PayStream Advisors assists clients in sorting through the growing complexities of IT applications related to financial automation with the goal of making objective, analytical, and actionable recommendations.