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Time-Consuming Process In contrast, B2B collections entail numerous tasks like dispatching invoices/reminders, tracking payments, and managing accounts. Using these machine learning algorithms, an organization can evaluate large volumes of data to determine how a debtor will react, choose collection paths, and rank accounts.
million by 2033, growing at a compound annual growth rate (CAGR) of 25.5% during the forecast period from 2024 to 2033. Ethical Implications AI algorithms can inherit biases from training data, complicating transparency and accountability in decision-making.
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