Accounts Receivable Process Automation
Speed cash to your bottom line by automating every step of the AR process from PO receipt to payment reconciliation.
With the powerful technology available today, an end-to-end Accounts Receivable Automation solution is the only way to do business. Automating the accounts receivable process offers an array of benefits, all of which improve efficiencies and cut costs. Managing receivables has a direct impact on cash flow, so there's no doubt that improving your accounts receivable process can significantly enhance your bottom line.
Corcentric AR automation solutions are reliable and easy to use. Our comprehensive range of Accounts Receivable Automation solutions help companies create a paperless conduit between companies, suppliers, and buying groups/purchasing co-operatives and their members, enabling them to manage 100% of their invoices electronically from day one.
How automated is your Accounts Receivable process?
Follow the steps below to get a better sense of how your accounts receivable process compares.
- Step 1: Receive and Process Orders
• Purchase Order receipt automation
• ERP order input automation.
- Step 2: Invoice Customer
• Invoice distribution automation (Email, EDI/other electronic formats)
- Step 3: Receive Payment
• Check, ACH, and Credit Card payment automation
- Step 4: Reconcile Payment
• Remittance data capture automation
• Payment reconciliation automation
Tracking and collecting payments without accounts receivable automation in place delays the process and requires more resources. If your Accounts Receivable process is lacking automation in any or all of the areas shown above, Corcentric can help speed cash to your bottom line by automating every step of the AR process from PO receipt to payment reconciliation.