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Accounts receivable software and smart AR automation solutions

Tracking your accounts receivables has never been easier, more accurate, or more cost-effective. Discover how our accounts receivable automation software simplifies accounts receivable (AR), reduces DSO, effortlessly boosts cash flow, and streamlines operations for maximum productivity and profitability.

What advantages does accounts receivable software offer?

Managing AR is critical for your business, but it can be time-consuming if it is all done manually. Accounts receivable software helps you automate and simplify AR. Manage collections, receive payments on outstanding invoices faster, auto-process payments, and reduce time spent on accounts receivables with accounts receivable management software.

Save time and money with AR automation

Managing AR manually—from generating invoices to reconciling payments—can be a time-consuming task. That's why many businesses turn to accounts receivable software to simplify and streamline the process. Automate your accounts receivable tasks, generate recurring invoices, and link documents to customer accounts with AR management software.

Easily track invoices and get paid faster

Struggling to get your customers to pay on time? Accounts receivable software streamlines the collections process, saving you time and money while improving cash flow. With AR automation, you can offer multiple-currency and online payment options for added customer convenience. Your AR ledger auto-updates when you receive payment and sends reminders and follow-ups to customers, making it easier to stay on top of outstanding invoices.

Gain full visibility of cash flow and collection

Get a complete view of your cash flow and collections with the advanced reporting features of accounts receivable automation software. Effortlessly track outstanding balances and aging invoices, and see at a glance how much your customers owe and for how long. Dive deeper into key AR data, such as revenue trends and collection activities, to make informed, strategic business decisions.

Connect your favourite tools for seamless AR workflows

Streamline your AR workflow by connecting our accounts receivable management software to your favourite business tools. With direct integration to your CRM, you’ll have complete visibility into quotes, sales orders, and invoices. Enjoy automated transaction posting to both your general and AR ledgers, simplifying your billing process and boosting productivity.

Key features of accounts receivable software

When it comes to accounts receivable automation, choose software designed to simplify collection and help you get paid faster. Consider the following features when automating your AR process:

Online payment processing

Get paid easily with various online payment options, including credit cards, cheques, and ACH transfers.

Credit management

Streamline credit approvals, manage extensions for approved customers, and enforce credit policies in one system.

Secure payment handling

Safeguard sensitive financial data with robust security measures and compliance features.

Advanced analytics

Identify trends and performance metrics to improve collections and optimize cash flow.

Integrations

Seamlessly connect to banking and accounts receivable programs to unify financial operations.

Explore our automated accounts receivable software and management solutions

Transform your business with Sage accounts receivable software.

Sage Accounting

Flexible online accounting software for small businesses. Unlock potential, gain clarity, and save time.

Cloud accounting for freelancers, sole proprietorship, and small businesses:

  • Customize, send and track invoices, quotes and estimates
  • Manage purchase invoices and suppliers
  • Forecast and control cashflow
  • Track performance with advanced reports
  • Calculate and Submit tax

Sage 50 Accounts

Desktop accounting software with cloud connectivity, giving you a complete view of your business finances and inventory.

Desktop accounting with cloud connectivity for small businesses with advanced needs:

  • Manage cashflow to stay in control and grow your business
  • Accept payments easily and get paid faster
  • Full visibility and control of your payments from anywhere
  • Automate the admin and save yourself hours of work
  • Make complex accounting simple with advanced stock management

Sage Intacct<br><span class="text-highlight-ai" style="line-height:1.6;">with AI</span>

The leader in cloud accounting and financial management software. Perfect for scale-ups to global enterprises. Bespoke pricing, tailored to your business.
  • Track multiple accounts in real-time
  • Consolidate multiple entities and more in minutes
  • Collaborate from a single source of truth
  • Make strategic decisions with dimensional reporting and analytics
  • Open APIs allow multiple, stable, secure integrations

James Proctor

Director of Professional & Managed Services, Phase 3

You need your finance system to give you confidence in the data that you’ve got and that you’re invoicing correctly – that’s exactly what Sage Intacct gives us.

Accounts receivable software FAQs

Accounts receivable (AR) software is financial software that helps organizations manage their customer invoices. It can help streamline and even automate many of the manual tasks involved in managing AR, such as invoice creation, customer communication, and payment collection.

The best way to manage accounts receivable is by combining best practices with accounts receivable software to streamline and automate the process:

  • Communicate payment expectations: AR software can automate reminders and ensure clear communication about payment deadlines and accepted methods.
  • Simplify payment processes: Offer multiple payment options, like online portals and electronic transfers, through integrated AR software to make payments easier for customers.
  • Track KPIs: Monitor essential metrics like DSO and collection effectiveness with built-in reporting tools.
  • Leverage automation: Automate invoicing, payment matching, and customer communications to reduce errors and save time.
  • Use analytics and reporting: AR automation software provides real-time data to improve forecasting, decision-making, and collaboration.

There are many benefits to using accounts receivable automation software, including:

  • Improved cash flow: It helps organizations improve their cash flow by accelerating the collection of customer payments.
  • Reduced costs: It reduces the need for manual data entry and streamlines collections, saving time and resources.
  • Better visibility into AR data: With enhanced visibility into AR data, it helps businesses make smarter financial decisions.
  • Reduced risk of customer churn: It reduces the risk of customer churn by improving customer communication and simplifying invoice payments.

Selecting the best accounts receivable software for your business involves evaluating several key factors:

  • Features: Look for capabilities that suit your needs, such as e-invoicing, payment processing, collections management, online credit applications, real-time risk insights, and automation.
  • Ease of use: Choose software with a user-friendly interface that simplifies adoption and streamlines AR tasks.
  • Integration: Ensure the software integrates seamlessly with your existing systems, like accounting software or ERP tools, to support efficient workflows.
  • Scalability: Opt for a solution that can grow with your business, accommodating increased demands without requiring a costly switch later.
  • Customer support: Reliable support is crucial for smooth implementation and resolving any issues that arise during ongoing use.

By assessing these factors and comparing solutions, you can identify accounts receivable software that aligns with your business goals and simplifies your financial processes.

The cost of accounts receivable software varies based on your business size and the features you need. Whether you're a small business or a larger company, flexible pricing options are available. Contact us to learn more about AR management software plans and pricing.

Practical advice for accounts receivable automation and management

Sage Advice

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