1、The State of Accounts Receivable Digitization in Real Estate1WAKEFIELD+VERSAPAY:The State of Accounts Receivable Digitization in Real Estate The State of Accounts Receivable Digitization in Real Estate2Whats driving the need for AR digitization in real estate?The signs of a recession are all around.

2、From supply chain disruptions,to rising interest rates,to global unrest,executives in real estate have plenty to be concerned about,not the least of which is having cash on hand to reinvest in the business.These conditions put pressure on accounts receivable(AR)teams,whose primary objectives are mai

3、ntaining an efficient invoice-to-cash(I2C)cycle and ensuring liquidity is available to run a smooth operation.In collaboration with Wakefield Research,we surveyed 163 C-level executives in real estate to understand the challenges their AR teams face and the digital solutions they are looking at to s

4、olve them.The biggest headaches AR teams in real estate face:Not surprisingly,supply chain disruptions,rising interest rates,and inflation are exacerbating the challenges AR teams in real estate face.This report explores how executives in real estate are leading digitization of their AR departments

5、to add efficiencies and overcome the immediate challenges impacting their businesses today.The State of Accounts Receivable Digitization in Real Estate3Digital transformation efforts must solve the AR Disconnect While most businesses have begun to digitize their accounts receivable,few have closed t

6、he gap on customer experience(CX).CX is a critical component of AR digitization,and leaders in real estate looking to optimize back-office processes should extend their focus beyond efficiency gains within their AR department and seriously consider improvements that impact customers experiences and