How Cloud-based Technology Is Transforming AR Management

Cloud Computing and the use of Cloud-based Solutions, both in the current context and in the future, is being ranked among the most significant trends in the management of Accounts Receivable. Cloud-based AR Solutions are becoming exceedingly popular, thanks to the growing demand for integration, as well as the mandatory migration that many ERP and Digital Operating Platform Providers, such as SAP S/ 4HANA are gradually implementing. Even in scenarios where businesses are intending to maintain on-premises solutions in the near to medium term, implementation of cloud extensions and hybrid solutions can greatly assist businesses when they decide to make the switch at a later stage. In fact, in the long run, they can assist businesses to build more scalable and sustainable operation bases by taking advantage of the new automation models and rules, and what’s more these can be automatically updated as well.

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