How FIS Revenue Insight Will Improve Cash Flow Management

Global fintech organisation - FIS - is striving to enhance the efficiency of collections to ensure businesses maintain liquidity, reduce losses from debt and enhance efficiency by launching FIS Revenue Insight.

This solution will utilise AI-powered predictive analytics to improve cash flow management and optimise collections. 

According to a survey by American Express, 81% of businesses have experienced an increase in delayed payments. FIS Revenue Insight will utilise AI technology to predict payment risks, analyse customer data and uncover patterns. 

Seamus Smith, group president of Automated Finance, FIS, explains: “Revenue Insight, as part of the FIS Automated Finance suite, can revolutionise the way CFOs manage cash flow in today’s fast-paced environment.

“Our vision is to provide systems that turn finance from a cost centre into a growth partner, taking the friction out of finance through visibility, real-time insights and innovation that maximises revenue and strengthens customer relationships.” 

“A data-driven, proactive approach to accounts receivable management is critical for our clients to balance money in motion while maintaining a competitive edge and financial stability. 

“With the help of Revenue Insight, our clients can take the guesswork out of collections.”

The importance of revenue insight

Organisations can make data-driven decisions and understand financial performance by utilising revenue insight.

By predicting future earnings based on AI analytics and trends, it will improve planning and forecasting.

Not only will organisations be able to optimise their costs by discovering underperforming sales channels and inefficiencies but they will also gain better customer insights to drive improved retention and targeting marketing. 

Real-time revenue data will help discover growth opportunities and will create a competitive advantage by driving quick responses to fluctuations in market trends. 

FIS Revenue Insight will support CFOs in using AI to analyse customer data, address issues before they arise and discover high-risk accounts.

The FIS Automated Finance suite 

FIS Revenue Insight is part of the FIS Automated Finance suite.

This AI-driven financial management solution helps businesses optimise their finance operations and drive automation by streamlining revenue management, receivables and payables.

The suite offers several solutions, such as predictive analytics for AR management, payables automation to automate invoice processing and AI-powered insights to enhance revenue forecasting and cash flow. 

Not only does this solution improve financial stability by optimising collections and predicting risks but it will also improve operational efficiency by reducing manual efforts and human error. 

The FIS Automated Finance suite will support CFOs across industries to reduce risks, modernise financial operations and enhance growth through AI-powered automation. 

How will FIS Revenue Insight impact business growth?

FIS Revenue Insight will utilise AI to address issues before they emerge, analyse customer data and identify high-risk accounts.

It allows finance teams to shift to strategic activities by using AI to identify high-risk accounts and analyse customer data. 

By doing so, organisations can reduce write-offs, improve liquidity and prioritise collections to secure cash flow for expansion and reinvestment.

These predictive insights allow organisations to reduce friction in payment processes and adopt a customer-centric, proactive collections approach. 

Users may also experience greater levels of automation, enhanced cash flow and deeper insights into portfolio risk by integrating the solution with FIS’ GETPAID™ credit-to-cash solution.

By enhancing automation, reducing risk and improving cash flow, FIS Revenue Insight will maintain financial stability whilst empowering businesses to grow sustainably.

Stephen Peters, Head of Enterprise Payment Solutions at FIS, will be sharing expert insights at FinTech LIVE Singapore.

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