We recently worked with High Radius and a large group of Finance and Credit Leaders in Sydney and Melbourne discussing….
AI is no longer a thing of the future, with more and more businesses investing in AI for automation and to allow their employees to focus on more complex tasks. Nine out of ten leading businesses have investments in AI technologies, but only a small percentage of those have successfully deployed AI into the workplace.
The World Economic Forum predicted that by 2025, 85 million jobs will be eliminated, but 97 million new ones will be created. These new jobs would be significantly different to the current job market and will inevitably align with the shifting AI trends.
AI is having a significant impact on Accounts Receivables and wider Finance functions. Still, more than 50% of B2B payments are processed late accounting for over $100bn in cash being stuck across Australian businesses every year.
We discussed:
- Key challenges Credit teams face in managing Accounts Receivables.
- Strategies to reduce DSO.
- Technology & its role in providing insights.
- Barriers to implementing/adopting new technology.
