FIS Revolutionises Business Finances with AI

Global fintech company, FIS provides innovative technology solutions to help financial institutions, businesses and developers advance the way the world pays and protect their assets. 

One of its latest solutions, FIS Revenue Insight, harnesses AI to transform accounts receivable management and refine the efficiency of collections, crucial for maintaining liquidity, minimising debt losses and boosting overall efficiency.

Unlocking greater financial insight

FIS Revenue Insight uses proprietary AI-powered predictive analytics that delivers actionable insights that help companies proactively identify risks. This innovative solution is designed to elevate cash flow management and refine collection strategies.

With 81% of businesses reporting an increase in delayed payments, according to a survey by American Express, the need for enhanced predictive capabilities in finance is becoming increasingly critical. FIS Revenue Insight helps mitigate these challenges by bringing 'technology harmony to the money lifecycle'.

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.”

FIS Automated Finance suite

The FIS Automated Finance suite supports greater AI-driven financial management. This AI-driven financial management platform helps businesses streamline their operations and drive automation from revenue management to receivables and payables.

By facilitating predictive analytics for accounts receivable (AR) management and automating invoice processing, the suite not only boosts financial stability by optimising collection and foreseeing risks but also drives operational efficiency by reducing manual labour and errors.

The comprehensive capabilities of the FIS Automated Finance suite helps support CFOs across various industries to reduce risks, modernise financial procedures and fuel growth.

This approach allows businesses the critical insight needed to pre-empt issues, ensuring smooth financial operations.

Business growth fuelled by FIS Revenue Insight

The impact of FIS Revenue Insight on business expansion is significant.

By harnessing AI to foresee issues before they arise and to explore customer data to pinpoint high-risk accounts, financial teams can transition from routine tasks to more strategic actions.

This capability not only curbs financial losses but also enhances liquidity and prioritises collections, ensuring that businesses have the cash flow necessary to grow and reinvest.

Integrating Revenue Insight with solutions like FIS' GETPAID™, which is designed for credit-to-cash processes, offers users increased automation, improved cash flow and deeper insights into portfolio risks.

By enhancing automation, reducing risks and improving cash flow, FIS Revenue Insight supports sustainable business growth and financial stability.

This empowers businesses to adopt a customer-centric, proactive collections approach, which can significantly improve customer relations and operational efficiencies.

In the dynamic financial landscape, innovative tools like FIS Revenue Insight are vital in achieving greater financial health and competitive advantage.

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