Accounts receivable automation lowers bad debts by making it easy for B2B buyers to remit payments, which get automatically reconciled to the proper account and purchase order.
Accounts receivable automation lowers bad debts by making it easy for B2B buyers to remit payments, which get automatically reconciled to the proper account and purchase order.
A/R automation reduces tedious and time-consuming tasks for your accounts receivable department. Benefits include:
Eliminating manual data entry and processes improves the efficiency of workflows. Rather than getting stuck on collections or repetitive tasks, A/R teams can focus on higher-value responsibilities.
Nearly 93% of organizations struggle with late payments from customers that can cascade into debt write-offs. To avoid debts, businesses focus on minimizing Days Sales Outstanding (DSO), which measures the average time to collect payments from customers. According to a Pymts survey, mid-market firms that still use mostly or completely manual payment processes face average days sales outstanding (DSO) times that are as many as 14 days longer than those that use automated processes.
Automation reduces payment delays and therefore potential debt by enabling:
Talk to our specialists to learn how Apruve can reduce fixed credit & A/R costs and team effort by over 50%.
