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We'd love to hear from you. Have questions about our products, features, trials, or pricing? Need a demo? Our team will help you.
Seamless AI customer service. We offer full service customer support with LiveChat. Or you can contact our customer service representatives by submitting a support case.
We're here to help you. Our team is ready to answer any questions you may have. Submit a ticket!
You asked and we’ve answered. Here are the most commonly asked questions regarding AR automation software.
Accounts receivable software aims to lower costs, improve cash flow and increase productivity. The software can standardize invoices across a business’s entire customer base, as well as handle communications on payment due dates and help reconcile the books.
AR Automation is a way of automating repetitive and time-consuming tasks for your accounts receivable team. It helps you streamline your AR collections process. By reducing the time spent on each invoice and making the entire workflow more efficient, your AR team can concentrate on handling overdue payments or forecasting cash flow.
AR automation software enables finance teams to streamline manual business processes including managing the accounts receivable ledger, delivering invoices and collecting payments. Each aspect of this process is supported by functionality of the AR automation solution, reducing the need for manual involvement.
Benefits:
Generating and distributing invoices is the cornerstone of AR, and automation software can do all that work. Timely invoicing can accelerate payment and improve the company’s cash flow.
This “set it and forget it” feature allows you to program specific triggers to generate emails to customers, for example, notifying them several days before a payment is due and contacting them again, if necessary, if a payment is late.
When money comes in, it needs to be applied to the correct account. AR software tools can match a customer payment to an open invoice, thereby reducing DSO, as well as limiting the manual effort of cash application.
AR software should offer customers as many ways to pay as possible, such as check, ACH, credit cards, wire transfer, and peer-to-peer sharing platforms.
When a business provides products and services and invoices a customer on credit, it takes on a certain amount of risk. AR automation allows businesses to identify customers most likely to make late payments or default on payments, enabling the business to keep track of trends in customer behavior on both the individual and aggregate level.
At some point, a customer may challenge a charge on an invoice. Being able to easily deduct the disputed charge and re-invoice the customer speeds up the resolution of the issue and shortens the wait time for the proper payment.
Real-time intelligence and data analysis can detect payment trends, help manage risk and track DSO. Businesses can also parse customer data based on a particular segment or category, for example, or monitor department productivity — that is, they can analyze the number of invoices created, or collection calls completed, by individual staff members.
AR automation can help you increase the probability of immediately approved invoices that will be paid more quickly by your customers. Optimized cash flow is one of the main benefits of automating your accounts receivable invoicing process.
AR automation software replaces the time-consuming manual tasks of the accounts receivable process, streamlining a company’s financial transactions with its customers and speeding up the credit-to-cash cycle — all those steps that need to be taken between a customer purchasing a product or service on credit and the company receiving payment for the order.
NetSuite accounts receivable (AR) enables businesses to easily and quickly generate and send invoices, define credit terms, manage collections — and gain the liquidity needed to fund growth, shorten the credit-to-cash cycle and seize new investment opportunities as they arise.
If you can’t find an answer to your question here, contact us. We’re here to help.
You asked and we’ve answered. Here are the most commonly asked questions regarding AR automation software.
Accounts receivable software aims to lower costs, improve cash flow and increase productivity. The software can standardize invoices across a business’s entire customer base, as well as handle communications on payment due dates and help reconcile the books.
AR Automation is a way of automating repetitive and time-consuming tasks for your accounts receivable team. It helps you streamline your AR collections process. By reducing the time spent on each invoice and making the entire workflow more efficient, your AR team can concentrate on handling overdue payments or forecasting cash flow.
AR automation software enables finance teams to streamline manual business processes including managing the accounts receivable ledger, delivering invoices and collecting payments. Each aspect of this process is supported by functionality of the AR automation solution, reducing the need for manual involvement.
Benefits:
Generating and distributing invoices is the cornerstone of AR, and automation software can do all that work. Timely invoicing can accelerate payment and improve the company’s cash flow.
This “set it and forget it” feature allows you to program specific triggers to generate emails to customers, for example, notifying them several days before a payment is due and contacting them again, if necessary, if a payment is late.
When money comes in, it needs to be applied to the correct account. AR software tools can match a customer payment to an open invoice, thereby reducing DSO, as well as limiting the manual effort of cash application.
AR software should offer customers as many ways to pay as possible, such as check, ACH, credit cards, wire transfer, and peer-to-peer sharing platforms.
When a business provides products and services and invoices a customer on credit, it takes on a certain amount of risk. AR automation allows businesses to identify customers most likely to make late payments or default on payments, enabling the business to keep track of trends in customer behavior on both the individual and aggregate level.
At some point, a customer may challenge a charge on an invoice. Being able to easily deduct the disputed charge and re-invoice the customer speeds up the resolution of the issue and shortens the wait time for the proper payment.
Real-time intelligence and data analysis can detect payment trends, help manage risk and track DSO. Businesses can also parse customer data based on a particular segment or category, for example, or monitor department productivity — that is, they can analyze the number of invoices created, or collection calls completed, by individual staff members.
AR automation can help you increase the probability of immediately approved invoices that will be paid more quickly by your customers. Optimized cash flow is one of the main benefits of automating your accounts receivable invoicing process.
AR automation software replaces the time-consuming manual tasks of the accounts receivable process, streamlining a company’s financial transactions with its customers and speeding up the credit-to-cash cycle — all those steps that need to be taken between a customer purchasing a product or service on credit and the company receiving payment for the order.
NetSuite accounts receivable (AR) enables businesses to easily and quickly generate and send invoices, define credit terms, manage collections — and gain the liquidity needed to fund growth, shorten the credit-to-cash cycle and seize new investment opportunities as they arise.
If you can’t find an answer to your question here, contact us. We’re here to help.
