accounts receivable

Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for.

Source: en.wikipedia.org

Lending Platform Vergent Partners With OSG

Lending Platform Vergent Partners With OSG
Lending Platform Vergent Partners With OSG
February 01, 2022  |  Partnerships

FinTech lending platform Vergent LMS has formed a partnership with Outsourcing Solutions Group (OSG) — a consortium of accounts receivable (AR) service providers — to...

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Pennylane Raises $57M Series B to Expand Business Management Tools
Pennylane Raises $57M Series B to Expand Business Management Tools
January 31, 2022  |  Investments

Accounting and business tools software startup Pennylane raised $57 million (50 million euros) in a Series B funding round led by Sequoia Capital, with participation...

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Why SmileDirectClub Uses Digital Lockboxes to Streamline Receivables
Why SmileDirectClub Uses Digital Lockboxes to Streamline Receivables
January 31, 2022  |  Accounts Receivable

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Only 48% of Construction Firms Use Automated Accounts Receivable Processes
Only 48% of Construction Firms Use Automated Accounts Receivable Processes
January 25, 2022  |  B2B Payments

A growing number of firms have moved to automated accounts receivable (AR) processes, but the adoption rate varies by industry sector. For example, only 48%...

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47% of CFOs Say Clearer Receivables Processes Boost Customer Lifetime Value
47% of CFOs Say Clearer Receivables Processes Boost Customer Lifetime Value
January 24, 2022  |  B2B Payments

While chief financial officers (CFOs) have many reasons to upgrade their accounts receivable (AR) systems, more than half of them cited more transparent processes as...

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59% of CFOs are Focused on Payments Digitization
59% of CFOs are Focused on Payments Digitization
January 21, 2022  |  CFO

Chief financial officers perceive accounts receivable (AR) and accounts payable (AP) as the factor most important to creating a healthy balance sheet, according to Business...

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45% of Businesses View Slow Payments as a Primary Pain Point
45% of Businesses View Slow Payments as a Primary Pain Point
January 21, 2022  |  B2B Payments

Frustrations over delayed payments are on the rise, prompting businesses to upgrade their B2B transactions and other processes. Today, 45% of businesses view slow payment...

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How AP Automation Helps Fight Fraud
How AP Automation Helps Fight Fraud
January 21, 2022  |  Accounts Payable

When the pandemic struck, companies around the world began automating their accounting systems to be able to make and receive payments without having to go...

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