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SOURCE: The Institute of Financial Operations
With all the talk about the "fiscal cliff," and businesses nervous about tax implications of any action Congress takes during ongoing discussions in the coming months, accounts receivable departments are sitting in the crosshairs of "pay/don't pay" strategies organizations will use to manage their cash flow. Data currently being gathered by The Institute of Financial Operations in partnership with Esker is more important than ever.
Orlando, Fla. (PRWEB) January 09, 2013
With all the talk about the "fiscal cliff," and businesses nervous about tax implications of any action Congress takes during ongoing discussions in the coming months, accounts receivable departments are sitting in the crosshairs of "pay/don't pay" strategies organizations will use to manage their cash flow. The AR professional's job could be in the spotlight more than any other time in recent years.
The Institute of Financial Operations, in partnership with Esker, is conducting a survey of AR professionals about the current status of their organizations' operations as well as their plans for automating any or all of the accounts receivable processes. The 2013 Accounts Receivable Automation Survey seeks to gather information about the biggest challenges AR professionals face today, methods used to send invoices, changes in the costs of producing invoices, benefits of electronic invoicing, top obstacles to corporate AR initiatives, and trends in outsourcing the invoice process.
“Businesses of all sizes are adapting to the changing scenario of accounts receivable operations, and we want to know what they’re doing and how,” says Jean-Michel Bérard, CEO at Esker, a global company that specializes in document process automation solutions. “More and more organizations are automating some of their financial operations processes to keep up with the other work their departments are expected to handle today. By leveraging technology, they can improve their efficiency and make their AR departments more effective. But are they taking advantage of these new tools?”
The survey offers a rare opportunity for AR professionals to make their viewpoints heard. Respondents, who remain anonymous, are entered into a drawing for a $100 gift card and receive a complimentary report on the results. Accounts receivable professionals can take the survey (click here) until January 31, 2013.
The Institute is reaching out to AR professionals in an effort to enhance its offerings in accounts receivable education and news. The membership association formerly focused on accounts payable and has expanded to include other financial operations professions, including those in information management and data capture.
“Our board of directors and our staff are committed to telling the story of the AR professional and helping shape the discussion around where accounts receivable advances are made in the future,” says Jo E. LaBorde, executive director of The Institute. “The people who keep the money coming in for organizations all over the world are an integral part of business, and we’re here to help them succeed in their careers and add even more value to their organizations. This latest survey will help us measure where they are and where they’re going.”
Results of the study will be available this spring in a report issued by The Institute at http://www.financialops.org.
About The Institute of Financial Operations
The Institute of Financial Operations is a membership-based professional association serving the entire financial operations ecosystem, with a particular focus on the accounts payable and accounts receivable disciplines and the related fields of information management and data capture. The Institute grew out of the merger of four associations: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing and Payables (NAPP), and The Association for Work Process Improvement (TAWPI).
Based in Orlando, Fla., The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader, and principal educator for people in financial operations. The Institute has a community of nearly 100,000, which includes 5,000 members, 11,000 customers, and an additional 84,000 financial operations professionals.
The Institute’s members have access to benefits and leading-edge resources such as an award-winning magazine, a dynamic re-engineered website, educational and networking events, online educational offerings, certification and certificate programs, career resources, and volunteer opportunities. For more information, visit http://www.financialops.org.
Esker is the worldwide leader in document process automation solutions. Addressing all types of business processes from accounts payable and accounts receivable to sales order processing and procurement, Esker cloud computing solutions enable companies to automate the reception, processing and sending of any business document with one platform. Esker helps over 80,000 companies across the world to reduce the use of paper and eliminate manual processes while improving their productivity, efficiency and environmental impact.
With 36 million euros in sales revenue in 2011, Esker operates in North America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin. Esker is listed on the NYSE Alternext in Paris (Code ISIN FR0000035818). For more information, visit http://www.esker.com. Follow Esker on Twitter at twitter.com/eskerinc and join the conversation on the Esker blog at http://www.quitpaper.com.
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