There are a million things to worry about. In fact, we could spend most of our time worrying about health, family, the economy or that promotion. We could even spend our time worrying about those super critical things such as whether there will be two seats together when you’re late getting to the Cineplex to see the latest blockbuster with your significant other.
In all seriousness, of the things we could worry about, I’ve made the decision that Artificial Intelligence (AI) will not be one of them. That’s sort of like worrying whether I’ll be older in 10 years; AI is inevitable so I might as well stop worrying about it. And, not only should I stop worrying about it, I should embrace it.
By embracing AI, I’m able to see and appreciate the advances it’s having on Accounts Receivable and the entire Order-to-Cash process. As I stated in a blog post last July, Why Artificial Intelligence and Robotic Process Automation Are Here to Stay, AI – and by extension Robotic Process Automation (RPA) – is quickly streamlining and improving several areas in Accounts Receivable.
Ernie Martin Receivable Savvy
Where AI can help make decisions amid ambiguity and learn as it goes, RPA can handle complex but repetitive tasks. More specifically, AI can help provide better credit risk analysis and decision making in credit management, improve data capture via OCR, enhance workflows and automate the cash application process.
Read Receivable Savvy's Ernie Martin's take HERE