Optimizing Your Accounts Receivable With A Comprehensive Order To Cash Solution


If you are C-suite executive in the finance department, you know the power and importance of managing accounts receivable. The ability to track and streamline the funds associated with both businesses and customers is invaluable in attaining the apex of efficiency. In the age of the digitally integrated enterprise, there are now comprehensive solutions available to do just that, automate and streamline the accounts receivable process.

For businesses operating across borders, an international order to cash solution is necessity. An automated system offers any business?large or small?the opportunity to monitor and grasp the complete end-to-end process of receiving, tracking and collecting payments. If business is without an automated accounts receivable method, it can operate inefficiently and unprofessionally.

Step 1: Select Provider

The first step in setting up an accounts receivable solution is to identify and select provider. Make sure to choose reliable and trustworthy provider that meets the unique requirements of your business. It is vital that you secure all the necessary professionals to discuss your accounts receivable needs and ensure that valid security measures are involved in protecting customer data. The provider should also feature secure payment methods and simpler ways of connecting with customers.

Step 2: Initiate Integration

When the provider is determined, it is time to integrate the accounts receivable system with your existing businessesoftware. lack of interoperability among various businessesystems is often the culprit driving inefficiencies and mistakes in accounts receivable tasks. Integrating your accounts receivable system with existing infrastructure eliminates manual data entry and eliminates the risk of errors.

Step 3: Install the Accounts Receivable Platform

The order to cash system should then be installed on the provider’s platform. System installation ensures the system works according to design and can integrate the data of your customers accordingly. The system should allow for customer data to be easily accessed, including customer contact information and payment histories. Issues related to technical failure or disruption to the customer experience due to system installation should be avoided.

Step 4: Implement Automated Payments

Assuming customer data is accurately linked up and stored in the system, automated payments can be set up. Configure the system to ensure payments are taken via online or mobile payments. This step simplifies customer payment experience, expediting the process of Accounts Receivable by automating expenses related to customer payments. As customer data is automatically updated, costs related to manual interventions like customer service will go down.

Step 5: Optimize Accounts Receivable Processes

Once the requirements stated at the beginning of the article have been achieved, the automation process is complete. The accounts receivable process should now run effectively and help maintain customer relationships. An optimized accounts receivable setup alleviate the need of extra manpower and add transparency to the process, helping uphold customer confidence.


All the above steps, when followed, should successfully provide an automated streamline process for accounts receivable using an order to cash solution. An effective and well-aligned system can reduce errors, improve efficiency and deliver customer satisfaction–all of which are necessary for successful business.