Speed up cash posting directly into the ERP system while automatically resolving disputes. Make faster, better and more accurate credit decisions with real-time alerts that monitor the credit portfolio of customers 24×7. Leverage AI-driven smart predictions that automate credit decisions and increase healthy revenues. These best practices take the guesswork out of A/R management and can help your business reduce the risk of encountering the common challenges mentioned above. Most payment issues you’ll encounter are because clients have trouble receiving, viewing, or understanding your invoices, or because they don’t have access to a quick and convenient payment method. 💡 AR automation helps collect 99% of payments within 60 days after invoice due dates.

• When you do sales on credit, you would certainly need to keep track of the due amounts that your parties owe you.
• Gathers data on all payments and remittance information from various sources and accelerates cash posting directly into the ERP.
• Modernizing accounts receivable (AR) has been highlighted as a means to get quick return from digital transformation efforts.
• ARM rules and regulations are constantly changing, but that shouldn’t impact how you process payments.

Enable a smooth transformation while meeting security and compliance requirements for your industry, region, or country.

Other Services

With BILL, businesses can create professional invoices, offering them flexibility in how they’re sent, and receive payments directly to their bank accounts via methods like ACH or credit card. Emagia’s AI-powered Enterprise Receivables Management System (ERMS) addresses the growing complexity of AR management by simplifying and streamlining everyday workflow for AR professionals. The solution accelerates revenue cycles, lowers credit risk while maximizing the financial performance of our customers by driving efficiency and intelligence in finance operations. Emagia’s AI-powered ERMS provides a single unified platform that provides a 360-degree global view for managing all order-to-cash processes seamlessly. HighRadius offers an AI-enhanced solution, known as Autonomous Receivables, tailored to streamline the accounts receivable process for businesses. This platform focuses on automating tasks like invoicing, credit management, and cash reconciliation, ensuring that businesses can efficiently manage the money owed to them.

• This powerful capability allows you to slice and dice your information, formatting it to meet your collectors’ specific needs.
• Receivable management helps increase sales resulting in increased profitability.
• Increase revenue and profits while enhancing customer experience and reducing dispute resolution time.
• Credit policies include such important guidelines as the criteria used for evaluating customers’ credit worthiness, limits on how much credit may be extended, and the terms for repayment of credit.

Tesorio is an AI-powered platform tailored for accounts receivable management. It assists businesses in efficiently tracking and managing the money owed to them by their customers. By integrating with various ERP systems, Tesorio ensures every invoice is accurately tracked and depreciation vs amortization followed up on. Accounts receivable (AR) is the amount of money that customers owe a company for goods or services they’ve purchased but haven’t paid for yet. Essentially, it’s a record of a business’s outstanding invoices, representing a line of credit given to the customer.

AI-powered Receivables

HD™ 2.0 | Legal® delivers a complete legal case management & collections solution, which tracks legal cases, case parties, bankruptcies, linked cases, services, events, compliance & consent of judgment financial buckets. HD™ 2.0 | Legal® is the most powerful and widely used system for legal case management. HD™ 2.0 | TAX® is a tax billing, collections and legal case management system designed to generate & process tax bills, track collections, bankruptcies, skips, and legal cases on taxpayer liabilities of all debt types. In this way, modern, digital accounting help businesses enhance and improve their management of accounts receivable.

Customer Records

Drive visibility, accountability, and control across every accounting checklist. Document the process, so everyone in your company follows the same procedures. World-class support so you can focus on what matters most.BlackLine provides global product support across geographies, languages, and time zones, 24 hours a day, 7 days a week, 365 days a year. We are here for you with industry-leading support whenever and wherever you need it.

HD™ 2.0 RMS® Support

Manage control budgets and encumbrance accounting,
along with data access for users. We design the best suitable credit policy that ensures timely payment from your clients. Here, we penalize the very late payments beyond a certain limit and also provide special incentives for the early payments.

This also lets you set up options for customized, systematic follow-up when payments are late. Your business can stay on top of collecting payments, while keeping communications tailored to each customer, without any wasted time. Proper accounts receivable management has a significant impact on the revenue and healthy cash flow of your business. Billions of dollars are lost annually due to the inadequate adoption of fintech technology for financial transactions management whereby mismanaged, aging receivables quickly turn revenues into bad debt and ultimately into losses. The primary reason for this outcome is the lack of a single enterprise solution that can manage every aspect of the revenue management life cycle process across all business units in unison.

Offering multiple payment options can expand your customer base while enhancing the customer experience. Traditional payment systems cost you precious time and negatively impact your bottom line. With a frictionless, centralized solution in place, you can save thousands by digitizing costly payment processes and gaining visibility and control over your funds. An accounts receivable tool would help the publishing company track this debt, ensuring that the payment, when received, is properly recorded and that any delays or issues in payment are promptly identified and addressed. Not having well-defined policies and practices in place, especially as they concern credit and collections, can hinder the business’s ability to collect payment and sour relationships with customers. AR management faces many challenges that can slow and undermine its effectiveness.