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By automating and improving the process of matching incoming payments with open invoices, automatedcashapplication software has completely changed how firms handle their cash flow. Consider using cashapplication software and ARautomation to simplify this procedure and reduce manual labor.
Automating accounts receivable (AR) is a strategic move for businesses aiming to enhance cash flow, reduce manual workloads, and improve overall financial efficiency. Introduction to Accounts Receivable Automation What is Accounts Receivable Automation?
These technologies enable processing of all incoming documents in any format, ultimately improving the efficiency of the AR cycle and bolstering the overall financial health of the business. Furthermore, automatedcashapplications can trigger follow-up actions to expedite the collection of outstanding invoices, saving time and effort.
With our AI-powered cashapplication, AP automation, collections and disputes, and Bill Pay solutions, your company can achieve high ARautomation, collections, and payment matching rates of up to 99%. All of which can be accessed in real-time for an up-to-date and accurate overview of your company’s cash position.
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