Late payments are a serious problem for any business; and the problem is big and getting worse. A recent study indicates that the average mid-sized business is owed over $300,000 in late payments, while 47% of US businesses report a deterioration in customer payment practices.

But late payments can be tamed. It has been proven that AR Automation solutions can reduce past due receivables, improve cash flow, and enable AR teams to be more efficient. Most importantly, automation helps you scale AR function as you grow your business.

Hear how Chris Sands thinks about AR

Chris Sands is the CFO of health tech company IntelyCare and has worked in businesses of all sizes and in many industries. He has experienced the exhilaration of leading finance through rapid growth while managing the anxiety of making payroll.

• USMCA: late payments affect nearly half of B2B trade

• New QuickBooks research reveals the impact of late payments on mid-sized businesses