Account Receivable Software

Once an invoice is sent to a B2B customer, the speed at which it is delivered directly impacts cash flow. Delays in invoice preparation and customer processing can result in extended payment collection periods, leading to potential financial difficulties. Accounts Receivable Software can significantly improve a company’s cash flow by streamlining the invoicing process and facilitating timely payment collection. It automates this process, prioritizing actions that optimize cash collection. The software easily integrates with popular business tools, such as ERPs and accounting software, making it easy to implement. By improving cash flow, companies can better manage their expenses and make more informed financial decisions.

Upflow

Upflow is a software using Augmented Reality that enables businesses to automate their repetitive tasks and improve account receivable processes. It aims to increase the efficiency of CFOs of fast-growing businesses by reducing their workload and allowing them to concentrate on their long-term objectives. Upflow centralizes the A/R collection procedures in one platform, which results in obtaining 100% of the turnover. The software offers real-time A/R collection metrics, automated and personalized workflows, and payment portals adapted to each customer. 

Additionally, Upflow can integrate with different accounting software like QuickBooks, Netsuite, or Sage Intacct and also develop specific APIs. The to-do dashboard and workflow features are the most attractive functions of Upflow, which help AR specialists manage their time and stay organized. The customer portal is also a convenient way for customers to access their invoices.

Chaser

Chaser is an all-in-one software solution specifically designed for finance teams to achieve their goals of efficiently managing their credit control, including overdue bills and invoices. The software is fully integrated with Xero, and has received the Xero App Partner of the Year award for its seamless integration with the accounting application. Chaser offers multiple tools and features to streamline credit control processes, including automated email reminders sent on schedule to ensure timely responses from recipients. Its main benefits are its automated billing system, tight credit control measures, and personalized email chasers. Additionally, Chaser’s integration with your accounting system is incredibly easy and secure, requiring just one click to connect. With continuous notifications and updates, you can rest assured that your billing system is always up-to-date, and your data is kept safe and secure.

BILL

Bill is a comprehensive financial management software solution that seamlessly integrates with QuickBooks to streamline and automate back-end financial operations and payment processes between clients and suppliers. By digitizing and simplifying financial processes, it reduces manual entries and eliminates errors. The software can be used as an add-on to your existing bookkeeping system or as a standalone solution to manage your payables and receivables separately.

The primary functions of Bill are to accelerate payment processes and improve cash flow management by providing instant access to invoices and bills online. Users receive real-time notifications for pending tasks and can perform them with ease, such as approving a bill and making electronic payments.