Accounts Receivable (AR) is the amount of money a company is due to receive after selling and delivering products. The invoice is the proof and the record of the products delivered. Here’s a quick summary of how Robotic Process Automation (RPA) or simply automation, can assist the human effort to manage and track the amounts in accounts receivable.
RPA can assist in the following tasks for managing AR: invoice generation, data entry of transaction amounts, and computations.
There are many advantages of using automation for AR – here are a few:
· Minimizing errors in computation.
· Saving time by eliminating the need for staff to do simple, repetitive tasks.
· Enhancing the productivity of employees by freeing up their time to do more complex tasks.
· Conserving company resources that can be applied in more productive ways.
Read more about the benefits of using RPA in AR and go deeper with links to tutorials at this article on ByteScout.
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