Part 3: How Technology Can Fix Working Capital Problems
The root of working capital problems often lies in manual processes, departmental silos, and rushed decisions. Thankfully, modern digital tools offer practical, scalable solutions to reduce errors and improve cash conversion cycles.
✅ Solutions by Technology:
| Problem Area | Technology | Solution | Impact |
| Incorrect/ Late Invoicing | OCR + RPA | Auto-generate invoices from job records | More accurate, timely billing |
| Poor AR Follow-up | AI-driven workflows | Intelligent reminders based on payment behavior | Fewer overdue accounts |
| SOP Non-Compliance | RPA bots | Auto-trigger actions when SOP steps are skipped | Enforces standard processes |
| Credit Note Chaos | AI Anomaly Detection | Flag invoice irregularities early | Fewer adjustments, cleaner SOA |
| Bank Reconciliation Errors | RPA + APIs | Match transactions daily with system entries | Faster, error-free reconciliation |
| No Cash Flow Visibility | Digital Dashboards | Real-time KPIs by dept. & customer | Cross-functional accountability |
#WorkingCapital #CashFlow #Digitization #AIinFinance #OCR #RPA #FinanceTransformation #BusinessEfficiency #DigitalOperations #mmlogistix
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