AP (Accounts Payable) and AR (Accounts Receivable) automation are both aimed at streamlining financial processes, but they serve different functions within an organization.

AP (Accounts Payable) Automation:

• AP automation focuses on optimizing the accounts payable process, which involves managing and paying a company's outstanding bills and invoices.
• Key features of AP automation include invoice processing, approval workflows, payment processing, and vendor management.
• AP automation helps businesses pay their bills accurately and on time, improving vendor relationships and often taking advantage of early payment discounts.
• It reduces manual data entry, minimizes errors, and enhances transparency in financial transactions.
  
  AR (Accounts Receivable) Automation:
• AR automation is designed to improve the accounts receivable process, which involves managing and collecting payments from customers or clients.
• Key features of AR automation include invoice generation, payment reminders, collections management, and cash application.
• AR automation helps organizations receive payments more efficiently, reduce late payments, and improve cash flow.
• It automates repetitive tasks in the collection process, making it easier to track and manage outstanding invoices.

In summary, AP automation focuses on managing and paying the money an organization owes to its vendors and suppliers, while AR automation concentrates on managing and collecting the money that is owed to the organization by its customers or clients. Both types of automation systems help businesses save time, reduce errors, and optimize financial processes.

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. 

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