5. Making few connections amongst silos and thus decreasing accessibility to accounts receivable knowledge
It is inevitable to have part of accounts receivable data or processes siloed in multinational technology corporations. While some companies do not realise the full value of the knowledge existing within their organisations, others just do not have the capacity to implement systems that can connect all the silos. When a technology multinational makes little effort here, local staff could have trouble gaining vital accounts receivable knowledge or retrieving accurate data when they encounter problems or have questions. Each may end up developing their solution separately and reproducing each other's work unknowingly. Consequently, progress becomes disorganised and stagnant, and the global effectiveness of the company's accounts receivable is limited.
The headquarters of multinational technology corporations should play an active role in facilitating connection and collaboration between various groups of accounts receivable staff, and between different divisions that benefit their accounts receivable processes. Not only will the local staff be able to access the information they need to solve problems, but they can also share best practices that help save time and cut costs across the whole organisations.