Tag: Artificial Intelligence

There is no telling what each day in credit management will bring you. One safe assumption is that you will receive plenty of phone calls, emails and messages. When you’re accustomed to an onslaught of communication from your coworkers and customers alike, it can be hard to single out fraudulent messages when you see them. Whether it’s a spoofed phone call that sounds a lot like a customer or a phishing email appearing to be from your boss, credit managers are running into cybercrime more often than ever.

Artificial intelligence (AI) has taken a life of its own, integrating itself into almost every facet of our daily lives. Over the years, its use has only increased in both professional and personal settings. However, AI is only as useful as the information you provide it, and without the right context, it can generate false or inaccurate responses.

Artificial intelligence (AI) is rapidly emerging as a powerful catalyst for growth, enabling organizations to innovate faster, operate more efficiently and unlock new opportunities across almost every part of business. As the expert system evolves, more credit professionals are looking to adapt, or at least explore, what it is capable of.

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.