Accounts Receivable Approval Workflow

The accounting department usually handles the accounts payable and accounts receivable functions in the organization. It becomes a challenge to maintain a proper tally of accounts receivable when the finance and accounting department opts for conventional manual accounting. The accounts receivable approval workflow comprises several data-intensive steps for updating and verifying accounts data, which are ill handled with manual methods. As a contrast, when repetitive and data-intensive steps in the accounts receivable approval workflow are automated, it becomes easy and efficient to review and approve requests. A workflow solution like Cflow can shorten the workflow cycles by automating repetitive steps. Accounts receivable approval workflow automation not only improves accuracy of processing, but also ensures that payments are collected on time.