FIS Launches Its New Revenue Insight Solution to Transform Accounts Receivable Management and Optimize Collections
07 February 2025 - 12:00AM
Business Wire
Key Facts
- The FIS Revenue Insight solution harnesses artificial
intelligence (AI) as it seeks to provide a comprehensive tool for
giving actionable insights into cash at risk without manual,
error-prone processes.
- The patented solution enables finance teams across any industry
to identify high-risk accounts, prioritize collection efforts and
proactively manage cash flow across the money lifecycle.
- The FIS Revenue Insight product empowers businesses to turn the
office of the CFO from a cost center to a true strategic advantage
by removing friction in money movement and creating revenue
opportunities to help businesses grow.
FIS® (NYSE: FIS), a global leader in financial technology across
the full money lifecycle, today announced the launch of FIS Revenue
Insight, a predictive analytics solution designed to help
businesses optimize collections. Through proprietary patented
technology powered by artificial intelligence (AI), FIS Revenue
Insight aims to deliver actionable insights into cash at risk,
enabling companies to proactively identify risks, accelerate
revenue and drive business growth.
The FIS Revenue Insight solution is part of the FIS Automated
Finance suite, which delivers data-driven receivables automation,
payables automation and revenue optimization solutions for the
office of the CFO in any industry, enabling the seamless flow of
money in motion.
Why Revenue Insight Matters
Today’s finance leaders across industries face growing pressure
to modernize their accounts receivable management. According to a
recent survey,1 81% of businesses have experienced an increase in
delayed payments, with 50% experiencing late payments from
customers and 77% of AR teams falling behind on their metrics. Even
the best finance departments face questions about which accounts
will or will not pay, and who will self-correct or who will go into
severe delinquency.
The FIS Revenue Insight product can help CFOs bring technology
harmony to the money lifecycle, employing AI to analyze customer
data, identify high-risk accounts and address potential issues
before they escalate. This tool uncovers patterns and trends that
might go unnoticed by human analysis, allowing finance teams to
shift from manual tasks to strategic activities and reduce days
sales outstanding. Additionally, when paired with FIS’
award-winning GETPAID™ credit-to-cash solution, users may see
enhanced cash flow and working capital optimization, deeper
insights into portfolio risk and greater levels of automation. With
the proprietary Revenue Insight scoring model, businesses can
prioritize accounts that are at the highest risk of payment delays,
ensuring their collection efforts are more targeted and
efficient.
“Revenue Insight, as part of the FIS Automated Finance suite,
can revolutionize the way CFOs manage cash flow in today’s
fast-paced environment. Our vision is to provide systems that turn
finance from a cost center into a growth partner, taking the
friction out of finance through visibility, real-time insights and
innovation that maximizes revenue and strengthens customer
relationships,” said Seamus Smith, group president of Automated
Finance, FIS. “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 Revenue Insight’s versatile application can benefit a broad
range of sectors, including accounts receivables, financial
institutions, supply chain financing, debt collectors, insurance
premiums and utilities.
For more information on Revenue Insight, visit
www.fisglobal.com/products/automated-finance.
About FIS
FIS is a financial technology company providing solutions to
financial institutions, businesses and developers. We unlock
financial technology to the world across the money lifecycle
underpinning the world’s financial system. Our people are dedicated
to advancing the way the world pays, banks and invests, by helping
our clients to confidently run, grow and protect their businesses.
Our expertise comes from decades of experience helping financial
institutions and businesses of all sizes adapt to meet the needs of
their customers by harnessing where reliability meets innovation in
financial technology. Headquartered in Jacksonville, Florida, FIS
is a member of the Fortune 500® and the Standard & Poor’s 500®
Index. To learn more, visit FISglobal.com. Follow FIS on LinkedIn,
Facebook and X.
1 American Express, Meeting the Growing Need for AR
Modernization - The B2B and Digital Payments Tracker® Series
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version on businesswire.com: https://www.businesswire.com/news/home/20250206592455/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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