logo
IBN Technologies Leads Account Receivable Automation in New York's Evolving Collections Landscape

IBN Technologies Leads Account Receivable Automation in New York's Evolving Collections Landscape

Globe and Mail03-06-2025
"Accounts Receivable Automation [USA]"
Uncover how IBN Technologies is reshaping accounts receivable automation with AI-driven tools that boost efficiency and cash flow. Learn what finance leaders are doing to gain Early Payment Discounts, streamline collections, and align receivables with business strategy.
Miami, Florida - 3 June, 2025 - In New York's financial landscape, businesses are adopting new technology to refine their receivables management. By integrating Accounts Receivable Automation into their workflows, companies gain better control over invoicing accuracy and payment tracking. These automated systems help reduce outstanding receivables and improve reporting consistency, which is essential in New York's fast-moving and highly regulated markets. Finance departments can now coordinate more effectively with sales and customer service teams to resolve issues swiftly and maintain liquidity.
The growing use of AI and Automation in New York empowers finance teams to enhance decision-making with data-driven insights. These technologies enable early detection of potential payment delays and automate reminder communications to customers. In addition, AI and Automation streamline reconciliation and reporting, reducing the burden of manual processes. By leveraging these innovations, New York firms improve cash flow management and maintain agility in a complex business environment.
Receive expert guidance on receivables automation.
Reserve your free consultation: https://www.ibntech.com/free-consultation-for-ipa/
Audit Readiness Demands Precision
Receivables operations in New York are under fresh evaluation as companies aim to boost financial velocity and maintain audit-readiness. Legacy systems often lack the depth required for high-volume billing and decentralized teams. A growing preference for Accounts Receivable Automation is emerging, driven by the need to unify receivables tracking and reduce labor-intensive reconciliation. Finance departments are identifying areas where disconnected tools result in unnecessary delays and imprecise reporting.
Audit timelines impacted by fragmented records
Variability in invoice tracking delays decision-making
Real-time updates are often unavailable
Payment forecasts suffer from outdated inputs
Financial leaders call for workflow automation services
Trusted providers like IBN Technologies support New York organizations with enterprise-ready automation services that streamline collections and reporting. By embedding AI and Automation into daily operations, finance teams gain predictive insights, stronger documentation, and better compliance alignment. These features, powered by AR automation, help businesses in New York maintain performance while improving operational precision.
Receivables Innovation Gains Traction
In New York's competitive finance landscape, CFOs are seeking tools that reduce cycle time. Shifting expectations from clients and internal stakeholders are prompting a closer look at receivables modernization. At the center of this movement is account receivable automation, providing the consistency and accuracy that high-volume operations now demand. Adoption continues to rise as companies reframe receivables as a measurable growth driver.
• Invoices are auto-generated based on terms, contracts, and delivery confirmations without delay
• Centralized payment portals give teams and clients consistent access to account activity in real time
• Cash application processes connect directly to ledgers, reducing reconciliation backlogs and manual reporting
• Scalable workflow automation services eliminate silos and align accounting functions with performance metrics
• Visual performance dashboards support better risk assessments and faster financial adjustments.
Firms like IBN Technologies offer finance leaders advanced automation tools that reflect the pace of today's market. Their integration of AI and automation helps deliver structure, speed, and clarity to receivables operations.
'With accounts receivable automation, finance departments can scale confidently and operate at peak precision.' — Ajay Mehta, CEO, IBN Technologies
Experts Deliver AR Efficiency
Across multiple sectors, companies report transformative results with customized accounts receivable automation solutions. These systems improve management of receivables, increase accuracy, and provide enhanced transparency into cash flow, driving better outcomes for finance operations.
A leading healthcare organization in the U.S. successfully cut invoice handling times to four minutes per transaction, optimizing throughput in their receivables department.
The integration of multi-channel invoice processing standardized data input and ensured reconciliation reliability, strengthening governance over receivables and financial reporting.
Modernizing Receivables Management
In New York's fast-paced financial ecosystem, modernization of receivables processes is a top priority. Companies are leveraging Accounts Receivable Automation to accelerate invoice processing and improve data accuracy, providing finance teams with timely, actionable information. This shift enables organizations to Optimize Accounts Receivable, improving cash flow management and reducing collection cycles. Integration with enterprise resource systems ensures real-time synchronization of financial data, promoting collaboration across departments. This comprehensive visibility enables faster decision-making and better anticipation of revenue streams. As compliance demands increase, enhanced automation will also play a key role in maintaining transparency and control. These developments are positioning New York firms to meet evolving market demands while driving operational excellence.
Related Services:
Intelligent Process Automation: https://www.ibntech.com/intelligent-process-automation/
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth.
Media Contact
Company Name: IBN Technologies LLC
Contact Person: Pradip
Email: Send Email
Phone: +1 844-644-8440
Address: 66, West Flagler Street Suite 900
City: Miami
State: Florida 33130
Country: United States
Website: https://www.ibntech.com/
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

U.S. trade adviser Peter Navarro urges Canada to 'negotiate fairly' before August tariff deadline
U.S. trade adviser Peter Navarro urges Canada to 'negotiate fairly' before August tariff deadline

Toronto Sun

time3 hours ago

  • Toronto Sun

U.S. trade adviser Peter Navarro urges Canada to 'negotiate fairly' before August tariff deadline

Published Jul 11, 2025 • 2 minute read Peter Navarro, White House senior counsellor for trade and manufacturing, speaks during a television interview at the White House in Washington, D.C., Monday, July 7, 2025. Photo by Al Drago / Bloomberg White House trade adviser Peter Navarro encouraged Canada to continue negotiating with the U.S. to lower trade barriers after President Donald Trump announced a 35% tariff on its northern neighbour. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account 'I would urge the Canadian citizens to urge their leaders to negotiate fairly with us,' Navarro said in an interview with Bloomberg Television on Friday. Navarro's comments highlight how the administration's new Aug. 1 deadline for many tariffs to take effect has given countries an extended timeline to secure lower rates from Trump. Navarro reiterated that the tariffs did not cover goods imported under the U.S.-Mexico-Canada trade agreement. The announcement of the tariff rate for Canada on Thursday was a demonstration of how the president this week has intensified his trade rhetoric and moved to unilaterally impose rates on numerous trading partners after months of negotiations. While talks with Canada over tariffs were on a separate track than talks being conducted with other trading partners who faced so-called reciprocal tariffs, Prime Minister Mark Carney had been furiously negotiating to avoid higher duties. This advertisement has not loaded yet, but your article continues below. The 35% rate set to take effect in August would be an increase from the current 25% tariff on imports from Canada but the impact is less than initially feared because of USMCA agreement, which covers most of Canada's exports to the U.S. Navarro on Friday cast Canada as a challenging negotiator, defending Trump's tariff agenda as a fair response to what he said were higher duties on American exports and non-trade barriers in other economies. 'We were negotiating with both the Mexicans and the Canadians and the Mexicans were pure joy to deal with,' Navarro said of trade talks in Trump's first term when the president brokered the USMCA pact. 'You know, they were tough negotiators, but they were reasonable, fair negotiators. The Canadians were very, very difficult, and they've always been very difficult.' — With assistance from Joe Mathieu and Kailey Leinz. Read More Editorial Cartoons World Relationships World MLB

Beach Cities Commercial Bank Announces Leadership Changes
Beach Cities Commercial Bank Announces Leadership Changes

Globe and Mail

time4 hours ago

  • Globe and Mail

Beach Cities Commercial Bank Announces Leadership Changes

Beach Cities Commercial Bank (OTCQB:BCCB) announced that President Jeffrey Redeker has separated from the Bank as of June 10, 2025. In addition, H. Kent Falk, Chief Executive Officer, resigned effective June 30, 2025. Bank Board of Directors Chairman Frank Ford and Bank Board of Directors Vice Chair Angela Bienert assumed oversight of the Bank through the Executive Oversight Committee, taking over the daily responsibilities previously held by Mr. Redeker and Mr. Falk. Effective June 18, 2025, the Executive Oversight Committee is composed of Mrs. Bienert and Bank Board Director Jim Riskas. They will continue to oversee the Bank pending hiring of a new President and Chief Executive Officer. Mrs. Bienert, Vice Chair of the Board of Directors, remarked, "Mr. Redeker and Mr. Falk have been instrumental in the Bank's vision and journey, having served for nearly two years as its founding members. They played key roles in launching the Bank. We extend our best wishes to both as they embark on their future endeavors.' Mrs. Bienert further stated that 'Our highly skilled workforce and experienced management team are confident that Beach Cities Commercial Bank will continue to deliver on its reputation for meeting and exceeding our customers' high standards for satisfying their loan, deposit, banking services and other financial needs. This team has delivered growth while continuing to invest in people, product development, and production capabilities, and the Bank is well positioned to further deliver value to its stakeholders. We are committed to providing our team with the resources they need to continue excelling and while we conduct a search for our next President and Chief Executive Officer." Corporate Overview Headquartered in Irvine, California, Beach Cities Commercial Bank is a community-based financial institution that provides a range of commercial banking products and services to the communities it serves. As of March 31, 2025, the Bank had total assets of $153.8 million. The Bank is a full-service commercial bank that provides business banking services in Los Angeles, Orange, San Diego and Riverside Counties. Bank services include: account analysis, commercial checking accounts, money market accounts, savings accounts, IOLTA, Online Banking, mobile banking, E-banking, treasury management, Zelle, business lines of credit, business term loans, equipment financing, commercial real estate financing, bridge financing, SBA loans/lines, California state loan guarantee loans, construction loans and other deposit and loan products. The Bank's headquarters office is 100 Progress, Suite 150, Irvine, California 92618, and it has a branch in Encinitas, California. The Bank's website address is FORWARD-LOOKING STATEMENT: This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified using words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "likely," "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Bank (which includes the Bank) considering management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements do not guarantee future performance and are subject to risks, uncertainties, and other factors (many of which are beyond the Bank's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect the Bank's results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Bank's control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Bank; unanticipated or significant increases in loan losses; changes in accounting principles, policies or guidelines may cause the Bank's financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Bank's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Bank conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Bank currently anticipates; legislation or regulatory changes may adversely affect the Bank's business; technological changes may be more difficult or expensive than the Bank anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Bank anticipates; or litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Bank anticipates.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store