CFOs: Why ERPs Limit Competitiveness in AR
For decades, Enterprise Resource Planning (ERP) systems have been the cornerstone of financial operations, promising a single source of truth for finance leaders. However, as the global business landscape rapidly evolves, marked by escalating complexity and accelerated transaction volumes, many Chief Financial Officers (CFOs) are discovering that their traditional ERP infrastructures are increasingly inadequate for managing the intricate demands of Accounts Receivable (AR). This realization is prompting a significant re-evaluation of current financial tech stacks and a renewed focus on specialized solutions. The Evolving Role of ERPs and AR ERPs were originally designed to integrate core business processes, from finance and human resources to manufacturing and supply chain, offering a centralized system for data management. While undeniably powerful for broad enterprise functions, their capabilities often fall short when confronted with the nuanced and dynamic requirements of modern AR.…
