Business Wire
FIS, a global leader in financial technology across the full money lifecycle, 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.
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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.
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