Financial Shared Services for Accounts Receivable (AR) involve centralizing billing, invoicing, and payment processing functions across departments or business units within an organization. This approach streamlines AR operations, enhances efficiency, and improves cash flow management by standardizing processes and leveraging economies of scale.
With centralized expertise and technology platforms, financial shared services for AR enable organizations to optimize credit management, reduce bad debt, and provide better customer service, ultimately driving improved financial performance and profitability.
