Increasing Financial Intelligence through AI-powered Accounts Receivable

Finance and accounting teams are under significant pressure with 2025 on the horizon. Leaders want more real-time insights to help them make better decisions. These insights must come with the ability to act on them, which financial teams need to deliver while also managing the rest of their many responsibilities.

To meet these goals, many SAP organizations are turning to more advanced tools and capabilities to get the job done. SAPinsider’s recent 2024 SAP S/4HANA Finance State of the Market benchmark research report found that more than 30% of survey respondents said that they want to increase their use of automation and Artificial Intelligence in finance processes. This is one of the most common responses. However, just 9% of these respondents said that they are actively using AI-based financial applications, leaving a wide gap between desire and implementation.

Meeting the Need for Enhanced Abilities

To help SAP organizations meet their requirements for AI-powered intelligence, Serrala is hosting a webinar to highlight how AI-powered automation, Machine Learning, and predictive analytics turn data into decision-making with better visibility and cash flow forecasting

On December 10, Serrala’s experts will highlight the power of Alevate AR, a cash management solution for ultra efficient, ultra productive accounts receivables. It offers users AI-powered automation capabilities to help better manage their cash flow, allowing them to optimize their assets to improve the overall power of the organization. It also features a 24/7 customer self-service payment portal and automated cash posting to allow them to pay when it is most convenient for them.

Speed and Efficiency

One of the most significant impacts that automation and AI have is reducing the amount of manual and repetitive tasks that finance, and accounting teams must take care of. This frees users to spend more time on planning and other more advanced tasks.

Serrala’s Alevate AR tools have shown the ability to save finance teams 10 hours per week of manual tasks while also reducing the chances of manually introduced errors. The solution has also shown the ability to provide:

• Up to 30% reduction in DSO
• 20-25% time saved per week in admin tasks (or 10 hours saved)
• Freed up additional cash to the tune of 8-12% of working capital needs for the month
• Improved customer relationships with self-service payment portal for instant access to statements, invoices, disputes for easy payment reconciliation and cash posting

When implementing these solutions, many organizations do not consider that minimizing time to value is nearly as important as ensuring the actual value of these solutions once implemented. Serrala is able to seamlessly integrate into SAP, speeding up time to value through simple connectivity.

Those hoping to learn more about how automation and AI fit into accounts receivable functions can register to attend Serrala’s webinar at 10 am EST on December 10 at this link. Registration ensures that those who cannot attend live can access the on-demand recording.