Accounts Receivable Software for Faster Cash Flow

With accounts receivable accounting software, businesses can automate routine tasks, segment customers by payment behavior, and set clear credit limits. It allows businesses to segment customers based on payment behavior, set credit limits, and track key metrics like DSO and aging buckets through easy-to-read dashboards. This cuts delays and strengthens customer relationships.

Accounts receivable management workflow automation uses software to streamline tasks like invoicing, payment tracking, collections, cash posting, and reporting. It eliminates manual handoffs, improves team productivity, speeds up dispute resolution, and ensures consistent, scalable AR operations.

HighRadius automates collections, cash application, and credit decisions with AI that predicts delays up to 30 days in advance. It creates prioritized worklists, auto-sends reminders, and reconciles payments. Seamless ERP integrations cut IT overhead. Teams spend more time on strategic collections.

HighRadius serves manufacturing, CPG, chemicals, tech, retail, construction, e-commerce, financial services, auto, pharma, and more. Its platform is industry-agnostic, handling varied credit policies and high transaction volumes. Both Fortune 500 firms and mid-sized businesses use it to reduce DSO. It flexes to complex, global AR needs.

With dashboards and real-time reports, you can track DSO, aging, dispute resolution rates, and collection effectiveness (CEI). HighRadius flags trends and outliers automatically. This visibility lets you adjust collection strategies fast. Finance teams spot bottlenecks early and protect cash flow.

AI-powered accounts receivable program uses machine learning trained on historical payments to predict delays and prioritize accounts. AI suggests follow-ups and even drafts emails based on customer behavior. Over time, it refines risk scores and outreach timing. This helps collectors focus on accounts with the biggest impact.

The features of an intelligent accounts receivable management system automates the entire AR process. Key features include AI-driven invoice matching, automated dispute management, real-time credit risk assessment, and electronic invoicing with payment integration, ensuring seamless operations and enhanced productivity.

Start with clear credit policies and automate dunning with tiered reminders. Use AI to segment customers by risk and track KPIs weekly. Integrate AR tools with your ERP for single-source data. Regular policy reviews help adjust terms for changing customer or market risks.

The costs of an AR software package vary based on company size, modules, and transaction volume. HighRadius tailors pricing for mid-market to large enterprises. Most see ROI in 3-6 months through faster collections and lower DSO. A detailed proposal shows expected savings and payback specific to your business.

HighRadius’s AR solution distinguishes itself with Agentic AI orchestrating end-to-end Order-to-Cash, driving 90%+ automation in tasks like cash application and collections. Unlike competitors reliant on traditional OCR or limited integrations, it offers pre-built connectivity to 100+ banks and 1000+ AP portals.

HighRadius maintains top-tier data security and privacy standards, complying with GDPR, ISO, PCI DSS, HIPAA, and SOC. It uses advanced encryption and strict role-based access controls to safeguard financial data. This ensures your accounts receivable operations remain compliant and secure.