Accelerated Order To Cash With A/R Management & Automation Software
A/R Management Automation Software
Finance executives are no stranger to the challenge of efficiently managing their customers Accounts Receivable (A/R) and accelerating cash collections from an Order to Cash (OTC) standpoint. Time and again, they must grapple with the labor-intensive process of reconciling invoices, collecting customer payments, and managing A/R balances within their organisation. This process can become even more taxing should the business expand or experience any seasonal or cyclical fluctuations.
Today, however, there is an intelligent approach to solving finance executives? A/R woes that go beyond traditional manual or spreadsheet-based solutions: A/R management automation software. These tailored Softwaresolutions eliminate the frustrating manual processes that plague traditional OTC operations, allowing finance executives to concentrate their efforts on more value-added activities. With the use of A/R automation technology, organisations are able to usher new wave of efficiency and scalability that ultimately leads to an accelerated OTC operation.
Unleash the Power of A/R Automation
A/R management automation software enables organisations to automate and monitor their entire OTC operations from one simple dashboard. This software is designed to consolidate customer information, facilitate invoice reconciliation, and enable customers to view outstanding invoices in order to facilitate accurate and timely payments. With the synchronisation of customer information and the flexibility to set customised payment reminders, A/R automation technology is instrumental in improving your OTC operations.
Without the administrative burden of having to manually chase payments, or log incoming customer payments and invoices, A/R automation software can significantly lessen the time-consuming and tedious activities that traditionally occur during the OTC process. Furthermore, this software can provide organisations with an enterprise-wide picture of current customer order and payment statuses in real-time.
Reduce Cost and Risk of Late Payments
By automating your A/R operations and increasing visibility over customer accounts, you can drastically reduce the cost and risk of customer late payments. Automating payment reminders and producing accurate, up-to-date customer invoices can further streamline and support the success of the OTC process. Additionally, with automated cashflow monitoring, organisations can track customer payment behaviour, better predict future cashflows and maintain sufficient liquidity to support their business operations.
Optimise and Accelerate
The scalability of A/R automation software makes it the perfect choice for organisations who experience seasonal variations in their OTC operations or are looking to embark on digit isation project. With automation capabilities, organisations can process, transmit and store data quickly and accurately, all while simultaneously tracking their customers OTC progress. Aside from the obvious cost time savings that result from automation, organisations can now also free up their financial team to focus on more strategic activities that can help foster business growth.
Trusted A/R Automation Solutions
For finance executives searching for tried and tested solutions to optimise and accelerate their OTC operations, there are options available. A/R management automation Softwaresuch as Akillis’ Billtrust Cash Receivables, meets and exceeds the requirements of business looking to optimise their A/R processes.
Billtrust Cash Receivables leverages their vast network of over 70 third-party payment sources to enable organisations to automate reconciliation, payment collection, and cash flow management. With Billtrust Cash Receivables, finance executives can rest assured that their A/R operations are at the cutting edge of automation, while they can safely optimise their OTC process with full visibility over customer invoices and payments.
A/R automation solutions are the ultimate solutions for finance executives seeking to streamline their OTC operations and save their organisation time and money. When paired with the right Softwaresuch as Billtrust Cash Receivables, organisations can achieve real time visibility over customer accounts and bring efficiency back to their A/R operations.
