Latest news with #AccountsReceivable
Barnama
31-07-2025
- Business
- Barnama
KKR To Ensure MLFF Implementation Does Not Incur Financial Implications On Govt, Consumers
KUALA LUMPUR, July 31 (Bernama) -- The Public Accounts Committee (PAC) has called on the Ministry of Works (KKR) to ensure the implementation of the Multi-Lane Fast Flow (MLFF) system will not incur any financial implications for the government or consumers once the final direction of the project is determined. PAC chairperson Datuk Mas Ermieyati Samsudin said this precaution is necessary to avoid repeating issues raised in previous PAC proceedings, where projects initially claimed to have no financial impact ultimately resulted in government payments to companies. She said any decision regarding the implementation of the MLFF system, or any future traffic management system, must provide benefits and enhance efficiency in addressing traffic congestion. 'The PAC requests that KKR provide a written update on the latest developments and direction regarding the implementation of the MLFF system for the committee's reference and attention. 'In addition, the PAC urges that the effectiveness and efficiency of the existing toll collection system be improved as an immediate measure to reduce highway congestion before the implementation of the MLFF,' she said in a statement today. According to Mas Ermieyati, the matter was among the recommendations outlined in the PAC Statement on the Follow-up Action by the KKR and the Malaysian Highways Authority (LLM) for the Parliamentary PAC Recommendations on the Management of the MLFF Project Implementation, which was presented yesterday. In addition, the PAC also presented its statement on follow-up actions by the Ministry of Finance (MOF) and the Malaysian Inland Revenue Board (IRB) regarding PAC's recommendations on the Management of the IRB Accounts Receivable. For the issue involving the IRB, Mas Ermieyati said the PAC recommended that the board continue to intensify enforcement actions of existing laws, in addition to making improvements from time to time. On this matter, Mas Ermieyati said the PAC recommended that IRB intensify enforcement under existing laws and continuously improve procedures to reduce the risk of rising accounts receivable and taxpayer appeals.
Yahoo
28-07-2025
- Business
- Yahoo
Accounts receivable: From neglected function to strategic imperative
Accounts receivable (AR) is a business-critical function that ensures organisations get paid, yet it is consistently undervalued and underappreciated. This oversight creates significant risks and missed opportunities for companies, especially in today's uncertain economic climate where visibility of their cashflow management is vital to their survival. AR teams are not just back-office processors – they're at the frontline of payment patterns. They see in real time how quickly customers pay, who is always on time or late, and where broader economic pressures are impacting financial confidence and payment habits. This unique look into payment trends provides businesses with a strategic edge they can and should leverage. However, the challenges facing AR teams are mounting. The critical insight they can offer often remains untapped because the function remains pigeonholed as merely being able to send invoices and chase payments. And pressure on AR professionals has grown steadily, driven significantly by a rapid increase in payment requests as the number of active businesses in the UK hit an all-time high of 5.6 million this year. But despite this growing demand, AR remains low on the list of investment priorities for many finance leaders. The result of decades-long under-investment Many AR teams operate with outdated systems, some installed as far back as the late 1990s to handle the Y2K issue. This manual reality means that the human touch, which is crucial for sensitive customer interactions like negotiating payment plans or chasing overdue invoices, is bogged down by inefficient processes. But the human element in AR is indispensable. Accounts receivable is about relationships, not just transactions. Payment conversations require emotional intelligence, and done right, the AR experience can significantly aid customer satisfaction, loyalty, and recommendation. While AI and machine learning can help flag invoices for follow-up and automate reconciliation, the job will always need a human touch due to the bespoke nature of many processes and the importance of customer relationships. Therefore, simply automating processes won't solve the core issues; businesses must modernise not just their tools but also their approach to how AR is valued and supported. Clinging to legacy systems also carries significant data risks. AR systems house some of the most sensitive data, including customer bank details and billing history. Legacy platforms, often receiving little maintenance, are prime targets for cybercriminals. High-profile incidents, such as those impacting major UK retailers, demonstrate how vulnerabilities in ageing platforms can lead to severe operational disruption and financial losses. The hesitation to migrate this data, while understandable, actually poses a greater risk than a strategic modernisation. Evolving AR from neglected to critical To recognise AR as a strategic business asset, it needs the right tools and investment, whether this is supporting with reconciliation, securing sensitive data through encryption and tokenisation, or ways to offload risk and improve compliance. The invisible cost of not making the most of your AR team is significant. Businesses don't just lose money from inefficient collections; they miss out on the benefits that better forecasting and tighter cash flow control could bring to operations. In an economy that is increasingly fragile and uncertain, businesses that continue to sideline AR run the risk of turning a low-profile operational gap into a critical point of failure. Investing in modernising AR is a strategic necessity, and it's time for business leaders to take this seriously. Leaders must enable AR teams to provide critical insights, enhance security, and drive business resilience, transforming them from an overlooked back-office function into an indispensable strategic asset. Kush Shah is Director Product Management - PTX, Bottomline "Accounts receivable: From neglected function to strategic imperative" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
02-07-2025
- Business
- Globe and Mail
IBN Technologies Advances Accounts Receivable Automation for Utah Corporations
"Advances Accounts Receivable [USA]" Finance departments are gaining efficiency by adopting Accounts Receivable Automation across the USA. With structured invoicing, digital reconciliation, and predictive analytics, AR processes now support proactive decision-making. IBN Technologies is helping firms reduce risk and scale operations through tailored automation built for finance transformation. Miami, Florida - 2 July, 2025 - Utah organizations are optimizing finance operations by embracing automation-driven strategies tailored to real-time processing. Custom implementations drive faster billing, fewer delays, and stronger financial tracking. Accounts receivable automation has been instrumental in minimizing manual oversight and improving collection timelines. A regional services provider reported a dramatic reduction in processing times, allowing cash flow planning to become more accurate and timelier. Automation has also improved ledger controls and standardized approval flows. Supported by platforms built with AI and automation, these initiatives offer predictive analytics, performance indicators, and real-time visibility across AR functions. Businesses are using these insights to evaluate risk, manage follow-ups proactively, and ensure compliance. Internal resources are being reallocated toward roles in analysis, policy refinement, and strategic alignment. Companies deploying these systems are strengthening their financial position, reinforcing decision-making with data-driven intelligence, and paving the way for efficient, scalable receivables practices built for long-term market adaptability. Elevate Cash Flow with AR Automation Support! Receivables Function Faces Friction Finance departments are contending with legacy barriers that inhibit timely AR execution. Manual inputs, siloed software, and limited staff flexibility often create tension between operational needs and financial goals. Teams need better tools to meet growing expectations. • Inadequate staffing for ongoing collections activities • Poor integration between invoicing and reconciliation • Highly skilled resources spent on basic tasks • Difficulty adapting AR systems to business expansion • Limited access to real-time collections insights Smarter AR systems are essential for maintaining cash flow and strengthening business resilience. IBN Technologies offers proven, professional solutions that restructure AR efforts, improve workflow speed, and promote financial agility. AR Systems Drive Financial Clarity Receivables performance has become a top priority for growing companies seeking predictability in cash flow and operations. New AR systems offer scalable, smart tools to reduce manual work and sharpen financial visibility. • Sends follow-ups on schedule to increase customer payment reliability • Converts billing into a structured, digital invoicing system for speed • Combines technology with guidance to maintain consistent financial control • Enables scaling through flexible, modern cloud-based AR solutions • Displays key AR data in real time with easy dashboards This approach eliminates delays and improves planning by organizing Accounts Receivable Automation from end to end. IBN Technologies delivers customizable automation platforms that make receivables more manageable and strategic. 'Receivables automation sharpens focus and cuts clutter from finance routines. It helps teams do more, better, and with greater visibility,' said Ajay Mehta, CEO at IBN Technologies. Receivables Transformation Backed by Results Utah companies are finding measurable value in accounts receivable automation, with platforms driving improved accuracy, shorter cycles, and enhanced ledger reliability. One U.S.-based healthcare system used IBN Technologies' automation solution to reduce invoice processing to just 4 minutes per transaction—transforming operational flow and results. Multi-channel ingestion made it possible to align data formats and tighten reconciliation, supporting ledger discipline at scale. Organizations in Utah are aligning finance with innovation, trusting in solutions that streamline receivables from end to end. With IBN Technologies Accounts Receivable Automation delivering implementation expertise, businesses gain systems that align with their specific needs, supporting real-time decision making and efficient growth. Structured Tools Advance AR Operations Business leaders in Utah are prioritizing consistency and data reliability in receivables processes. Adopting solutions driven by Invoice Process Automation (IPA) has allowed organizations to shorten billing cycles and remove inefficiencies from their AR operations. One enterprise reduced its average invoice processing time to four minutes after switching to a digitized framework that handled billing inputs, reconciliations, and ledger updates in real time. Automated data flow helped eliminate common errors and sped up internal reporting timelines. This modernization also improved financial transparency across departments, making audits and forecasting more manageable. Working with experts like IBN Technologies, companies are customizing accounts receivable automation systems that meet their industry's requirements. These platforms deliver better control and responsiveness, helping organizations grow confidently while staying ahead of rising operational demands. Related Services: Robotic Process Automation Services: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1 844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:
Globe and Mail
02-07-2025
- Business
- Globe and Mail
IBN Technologies Leads Accounts Receivable Automation in Montana's Logistics Sector
"Accounts Receivable Automation [USA]" USA companies are modernizing receivables with Accounts Receivable Automation to manage growing billing volumes, improve reconciliation, and gain financial transparency. With intelligent follow-ups and real-time dashboards, AR workflows are evolving into strategic assets. IBN Technologies provides custom automation that supports decision-making and reduces manual finance burdens. Miami, Florida - 2 July, 2025 - Rapid improvements in financial infrastructure are shaping how Montana companies manage receivables. From healthcare to logistics, firms are investing in platforms that remove processing delays and streamline invoice workflows. Accounts receivable automation has become a vital element in ensuring these operations can scale, offering consistent performance and reduced cycle times. A regional healthcare network successfully reduced invoice turnaround to just four minutes, unlocking faster cash recognition and more predictable receivables behavior across departments. These enhancements improve ledger accuracy and free teams from repetitive workloads. Now leveraging tools built with AI and automation, Montana businesses are gaining sharper visibility into receivables forecasting, exception tracking, and customer payment behavior. Integrated dashboards make it easier for finance teams to stay ahead of potential bottlenecks. Budget realignment favors intelligent systems that promote long-term planning, data transparency, and workflow flexibility. Finance roles are transitioning toward analysis and strategy rather than administrative tasks. With this shift, firms are not only increasing operational confidence but also supporting more informed decision-making and collaboration across business units. Elevate Cash Flow with AR Automation Support! Request your Free Consultation: Evolving business demands have made it harder for companies to manage AR with speed and precision. Many finance teams still rely on fragmented systems, causing unnecessary friction in receivables processing. This complexity often creates delays, misalignment, and reduced visibility across financial operations. • Shortage of resources for follow-up coordination • Disconnected invoice and reconciliation cycles • Trained team members stuck on daily admin • AR systems fail to grow with business scale • Lack of on-demand performance analytics in receivables Meeting today's financial benchmarks requires stronger operational infrastructure and scalable Accounts Receivable Automation models. IBN Technologies delivers specialized support to simplify receivables processing, improve accuracy, and help businesses stay competitive in dynamic environments. Transforming Finance Through AR Systems A growing number of firms are modernizing AR functions to stay ahead of increased volume and tighter financial cycles. Digital AR systems allow companies to operate faster and respond more effectively to customer payment behaviors. • Automates payment reminders to improve speed and payment consistency • Streamlines invoicing and delivery with real-time processing features • Applies professional controls through structured AR operating models • Supports business scale with robust cloud-enabled architecture • Provides live AR analytics with smart financial performance dashboards These advancements create a more organized and intelligent receivables structure. With simplified processes in place, finance teams are better equipped to allocate time and focus on bigger strategic initiatives. 'Strong AR platforms give finance the edge to act with clarity. Automation improves both day-to-day accuracy and long-term outcomes,' said Ajay Mehta, CEO at IBN Technologies. AR Systems Deliver Measurable Gains Businesses in Montana are experiencing significant value through specialized accounts receivable automation platforms. These tools enable more precise receivables oversight, accelerating workflows, and boosting cash visibility—key outcomes for modern finance operations. A U.S.-based healthcare provider brought invoice processing down to 4 minutes per transaction using automation from IBN Technologies, elevating speed and accuracy across large-scale billing cycles. Multi-channel invoice ingestion helped the organization centralize data handling and strengthen reconciliation, creating greater ledger stability and financial accountability. Custom-configured automation is proving its worth in Montana's evolving business environment. Firms are seeing a shift from manual dependency to consistent, digital-first AR routines. With expert support from IBN Technologies, these solutions can be aligned to strategic needs, improving transparency, compliance, and cash forecasting reliability. Automated Systems Reinforce Receivables With operational efficiency at the forefront, Montana businesses are enhancing receivables strategies through targeted technology initiatives. One healthcare organization in the state adopted a custom platform integrated with Invoice Process Automation (IPA), which helped reduce invoice processing time to just four minutes. The move addressed reconciliation bottlenecks, streamlined communication across billing teams, and boosted transparency in outstanding balances. The platform's ability to centralize and verify multi-source invoice data allowed for stronger financial oversight. By transitioning routine AR tasks into a responsive digital workflow, staff were able to reallocate time toward financial planning and compliance readiness. With guidance from experts like IBN Technologies, companies now tailor accounts receivable automation to match growth trajectories and evolving transaction volumes. These systems not only improve data integrity but also equip finance departments with the agility needed in today's market. Related Services: Robotic Process Automation Services: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1 844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:
Globe and Mail
16-06-2025
- Business
- Globe and Mail
IBN Technologies Leads Accounts Receivable Automation Efforts Among New York Corporations
"Accounts Receivable Automation [USA]" New York enterprises are applying Accounts Receivable Automation to enhance reconciliation, improve visibility, and reduce delays in receivables processing. With real-time dashboards and expert-aligned strategies, companies are building strong financial systems and preparing for data-driven growth. Miami, Florida - 16 June, 2025 - A fresh focus on financial efficiency is reshaping receivables workflows, with companies adjusting their models to drive speed, accuracy, and structure in finance operations. Internal realignments are being made across billing, reporting, and reconciliation teams to bring better control and outcome-based routines. Introducing accounts receivable automation has proven instrumental in addressing cash flow timelines and data precision. Businesses are refining their receivables lifecycle, making room for faster decisions and seamless reporting. AI and automation are also playing a role in enhancing how invoice cycles are handled, reducing the need for repeated manual checks. These improvements point toward more transparent, performance-ready systems that fit into larger business strategies. Organizations across New York are relying on trusted professionals such as IBN Technologies to implement these upgrades. As leading partners in financial transformation, IBN helps firms improve receivables outcomes through automation tools that are practical, scalable, and performance-focused. Seize the Advantage with Automated AR Solutions! Request your Free Consultation: Receivables Gaps Affecting Liquidity With cost volatility impacting financial forecasting, businesses are finding it increasingly complex to maintain a steady flow of collections. Structural inefficiencies in receivables management are emerging as barriers to capital availability and financial planning. Delayed follow-up due to stretched internal bandwidth Billing and reconciliation spread across multiple platforms Financial staff are overwhelmed by operational routines Expansion efforts hindered by slow AR adaptability AR automation is becoming a strategic investment for companies aiming to bring predictability and structure to their finance functions. IBN Technologies, as a leading finance automation partner, offers practical solutions that elevate receivables tracking and deliver long-term financial precision for companies in New York. New Thinking on Receivables Gaps Business pressures are pushing finance leaders to reframe their receivables strategy. A more responsive system is proving critical as companies experience the limits of fragmented manual efforts. By adopting accounts receivable automation, teams are transitioning toward structured, outcome-based receivables planning. • Automated messages now ensure prompt communication with customers for faster collections. • Billing cycles are improving through clearly defined, repeatable invoicing steps. • Finance specialists are leveraging automation tools to ensure smooth, error-free execution. • Cloud environments are allowing businesses to adjust to changing volumes effortlessly. • Decision-makers can now rely on accurate, real-time AR reports and analysis. With these tools in place, companies are seeing an immediate improvement in both collections speed and reporting clarity. The entire receivables lifecycle is becoming more manageable, more reliable, and better suited to long-term performance. 'AR automation gives finance departments sharper insight and flexibility,' shared Ajay Mehta, CEO at IBN Technologies. 'It's about reducing process complexity and equipping teams to drive strategic growth with confidence.' Operational Gains from AR Automation The adoption of AR automation continues to bring measurable performance boosts. With better cash flow insights and simplified processes, finance teams are seeing tangible operational progress. A healthcare enterprise operating in the U.S. shortened invoice turnaround to just 4 minutes with a tailored automation solution by IBN Technologies, accelerating accuracy and response times in its receivables system. Multi-channel invoice acceptance and automated data mapping enhanced financial tracking, enabling the organization to reinforce its reconciliation practices and reporting framework. Enterprises are seeing measurable benefits through the adoption of customised accounts receivable automation systems. With automation enhancing receivables oversight and boosting processing accuracy, finance teams are gaining improved control and clarity over cash flow. Working with industry leaders such as IBN Technologies allows organizations to implement automation strategies tailored to their specific financial goals and operational dynamics. Strengthening Finance Control Receivables processes are gaining renewed attention as finance leaders lean into Accounts Receivable Automation to drive efficiency, reduce turnaround times, and improve ledger consistency. With automation integrated into their core finance functions, teams are streamlining invoice generation, enhancing accuracy in collections, and aligning data across systems for deeper financial control. These upgrades are allowing CFOs to free internal teams for more strategic initiatives. At the same time, automation is being integrated with intelligent finance tools to unlock capital and support expansion strategies. For many, the implementation of Automated Invoice Management is proving critical in building scalable and transparent finance environments. Trusted partners like IBN Technologies support New York businesses with custom-built automation solutions that elevate receivables management and provide the insight needed for confident decision-making. Related Services: Intelligent Process Automation: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1 844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:
