Cash is at the heart of every business.
It’s typically the largest asset on the balance sheet, and it’s critical for buying raw materials, building and operating facilities, manufacturing and shipping finished products, marketing and selling goods and services, and paying employees.
With the entire business depending on cash, it’s imperative to keep cash flowing. That’s why more CFOs are taking a hard look at the way their business collects and applies its cash. Automating cash application is a missed opportunity for many CFOs and their businesses.
This white paper details the importance of cash application during difficult times, the shortcomings of traditional approaches to cash application, how inefficient cash application negatively impacts a company’s financial health, and how intelligent automation digitizes and simplifies cash application.