Accounts Receivable Automation & Management Software

With solutions like Emagia offering AI-driven automation capabilities, businesses can achieve seamless integration, smarter decision-making, and faster cash flow optimization. Investing in the right AR automation tools today will set your organization up for long-term financial success. Cash flow defines business health and growth—but cash doesn’t move unless your collections do. Does your finance team’s day-to-day still involve manual invoice management, time-consuming spreadsheet reconciliations, and endless email chains? Plooto is an online platform that allows businesses and accounting firms to automate and integrate their AR and AP processes.

Platform overview

Consider whether it offers features such as payment processing and automatic reconciliation if those features apply to you. AR automation solutions typically integrate with existing financial software through APIs and plug-and-play modules, ensuring seamless data synchronization and real-time financial reporting. Specific solutions like Centime can smoothly integrate with major ERP systems, enhancing operational efficiency without disrupting existing workflows.

Fee Optimizer

Moreover, these systems automatically reconcile payments received, matching them against their respective invoices. It’s particularly beneficial for small teams that want to reduce manual accounting tasks and improve cash flow. Users appreciate its straightforward interface and efficient payment processing capabilities.

Achieve 98% Accuracy in Reconciliation

Growfin’s Behavioral AI adapts to customer signals on the fly enabling faster collections, complete visibility, and precise forecasts. Instead of generating invoices, AR automation tools import them from your accounting or ERP system. Once synced, the system monitors each invoice’s status—due dates, payment timelines, follow-ups—ensuring nothing slips through What is bookkeeping the cracks.

AR Automation Helps You Get Paid Faster While Reducing Costs

Bill.com is a popular platform with accounts payable features as well as expense management tools in addition to AR automation. Chaser is a very-well integrated and reviewed “end-to-end” AR automation platform. Peakflo simplifies proforma invoice validation with automated features for accuracy and efficiency. Create branded proforma invoices with customized line items, discounts, and tax rates for easy client validation.

Entrata CFO Mark Hansen shares his playbook for managing cash in the real world—from unit economics to forecasting, burn rate, vendor terms, and AI in finance. We aim to be the most respected financial services firm in the world, serving corporations and individuals in more than 100 countries. Cadency is very flexible and can be tailored to run on its own or partially integrated to your accounting system based on your preferences. Foster collaboration among your AR team members while enhancing customer interactions. Use a shared workspace to document customer interactions and ensure you’re on top of every inquiry. With them, you can instead allocate resources to strategic investments and growth initiatives.

• AI analyzes financial data to provide real-time insights, assess risk, and predict future payment trends.
• Accountants and bookkeepers can then use AR automation to offer more value to B2B clients, working together with their clients to improve cash flow and help their businesses grow.
• The AI-driven system prioritizes high-value invoices so they get the attention they need right away.
• AR automation ensures seamless end-to-end automation across the order-to-cash process, connecting all teams and enabling real-time data flow.
• It should still give you the flexibility to keep high-value work as manual as you want or need it to be, during sensitive phases like the onboarding for example.
• Read on to learn the most common AR challenges and how automating your AR processes can help.

Demo D365 Finance

• Quadient markets itself as a broad platform for managing customer relationships, including AR communications as part of its customer experience solution.
• To get the full benefits of AR automation, organizations require a holistic, end-to-end approach.
• You don’t need an accounts receivable team, but you do need the right accounting tools.
• It automates the sending of payment reminders and dunning notices to ensure timely collections.
• Incorporate AI and machine learning to predict payment behaviors, identify trends, and enhance decision-making in AR processes.
• Let’s be honest, manual accounts receivable processes are a major drain on resources.

Manual AR ar automation customers processes rely heavily on spreadsheets, resulting in stale information. AR automation gives finance teams a live view of cash flow status via real-time dashboards detailing invoice aging, campaign performance, customer payment behaviors, and predictive insights. When you use accounts receivable automation software, you can reduce the amount of paperwork involved in AR processing and cut down on manual data entry. Modern AR automation software can also apply artificial intelligence (AI) and machine learning to your AR processes, helping you make payment predictions and identify fraud.

The easier you make it for customers to pay, the faster you’ll get your money. It’s important to actively monitor unpaid invoices to prevent overdue payments from stacking up. Use an AR aging report to track unpaid invoices and prioritize follow-ups based on their due dates. For businesses with high transaction volumes, automating credit approvals can speed up the process and reduce manual effort. In this blog, you’ll Cash Flow Management for Small Businesses learn about the AR billing process, best practices for improving it, and how automation can make things easier.