Tag: Artificial Intelligence

Artificial intelligence has quickly evolved from a buzzword to a daily operational tool. Credit departments across construction, distribution and manufacturing are feeling the shift. Whether teams are interpreting payment behavior, communicating with contractors or supporting sales and operations, AI is helping credit professionals work faster and smarter.

Artificial intelligence (AI) has transformed how the world operates, integrating itself into nearly every facet of business. For credit departments, AI is being used to enhance email communication, draft demand letters, review contracts and even predict collection trends. As AI continues to evolve and expand across industries, many organizations are developing formal policies and procedures to guide its use. 

The rapid development of artificial intelligence has created a plethora of opportunities across the world, from aiding healthcare professionals with diagnoses to planning itineraries for vacation—or simplifying everyday tasks through automation processes.

Breakthroughs in technology over recent decades have ranged from the World Wide Web and personal computers to wireless phones and now apps for everything; all transforming the world we all once knew. Oftentimes, new discoveries and advancements are met with skeptical thoughts.