10 key takeaways from Deluxe's annual AR Processing survey
The second annual "Modernizing Accounts Receivable Processing" survey delved into how financial institutions are handling their accounts receivable processing today, the common issues FIs are grappling with, and trends emerging in the industry. This important survey uncovered top 10 key takeaways, including:
New payment types (Mastercard B2B, Zelle, etc.) are increasingly being used by AR.
Companies are highly motivated to move to fully electronic payment processes and are willing to switch banks to get there.
IT availability impedes automation.
AR processing strategy is quickly shifting from in-house to outsourcing or a mixed environment.
AR's three largest pain points: staff time, re-association of payment and data, and customer portals.
Download this important survey today for a detailed analysis of the 10 top takeaways that can help boost your AR processing game.
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