Accounts Receivable

Accounts receivable management involves tracking outstanding invoices, applying incoming payments, and following up with customers to ensure timely collections. Automating AR processes reduces manual effort, minimizes errors, and improves visibility into receivables. It enables faster cash conversion cycles and better control over working capital. With real-time insights, finance teams can prioritize collections, optimize DSO, and enhance customer relationships.

Processes in this department

Cash Application

Cash application is often delayed by manual matching of incoming payments with open invoices, leading to posting errors and slower collections.

Invoice Generation

Creating invoices manually slows billing cycles and introduces errors that delay payments.

Payment Collection

Chasing payments manually drains time and delays cash flow, especially when reminders and follow-ups lack structure.

Customer Credit Management

Manual credit checks and approvals can slow down sales and increase the risk of bad debt.

Bank Reconciliation

Manual bank reconciliations are time-consuming and prone to errors, making it hard to close books on time.