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ERP systems are extensively used in small as well as large -scale industries to make key business operations more automated and efficient for productivity and revenue growth. Automation is adopted on a large scale in the products industry as compared to the services industry, since it helps to reduce turnaround time, wastage and makes critical processes such as purchase, inventory, supply, customer service and aftersales transparent.
Automation in accounts department helps to notify your customers in advance, manages payments, invoice generation, approvals, and documents the same. Likewise, automating accounts receivable helps in efficient management of transactions between customers and company by cash payment, check payment, etc. while keeping complete control and mapping of employees and teams to their respective processes.
Read also: 4 Reasons to fall in Love with ERP Automation
Below are some advantages of Accounts Receivable Automations:
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