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About Framework For Ai-Driven Cash Collections & Claims: Transforming The A/R Team'S Role
The document discusses how artificial intelligence can help shift an accounts receivable team's focus from transaction management to customer engagement by using machine learning algorithms to predict invoice payment dates. This would allow the A/R team to prioritize their worklist based on predicted payment dates rather than static parameters and develop a more proactive collections management strategy driven by customer insights from AI. The use of random forest regression models is highlighted as an example of how AI can accurately predict invoice payment times.
Detailed Information
| Author: | ['Anik Chakraborty'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 41 |
| Language: | English |
| Format: | |
| Price: | FREE |
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