Business fundamentals are based on the mechanism of profit. Only when the forecast of finances is done, firms can propose a budget, elaborate the structure of revenues and work towards growth and diversification.

To make the right moves one such knight in your firm is the accounts receivable team. It is incharge of

• Issuing invoices - based on the customer purchases
• Send reminder - when the customer fails to make their payment
• Keep track - of the liquidity position of the firm
• Ensure a consistent - cash flow to your firm

Let us share some of the major benefits cascading through AR automation :

• Organizes your AR process route:
  The time that takes to route an invoice starting from scratch entails
  
  • Retrieving details for routing an invoice,
  • Manually recording them in the accounting system,
  • Sending the invoices through any suitable source (email, dropbox etc.) and
  • A customer approving it for payment is an entire life cycle.

  In the process it becomes painstaking if there is data error, wrong invoice sent, incorrect information etc. for both the parties involved.

  Automation sets the tone, where it initiates the process of invoicing nearing the due dates, records the exact information and sends them to the right customer and finally, makes it easier for payment due to the accurate information presented.

• Reduces operating cost for your AR processing:
  Sustainability is the key for any business model and for that to happen it is imperative to scale to the customer demand. Then to drive along the road, cost cutting is a most valuable tool in the firms’ arsenal. The places that drains your resources are
  • Person-hours spent on unproductive work
  • Trail of paperwork
  • Repetitive time spent on errors in the invoicing process etc.
  
  When AR automation software bot hits the tasks, it brings credibility to your work, reduces unnecessary operating expenses and eventually provides a good return on your investment of both your time and resources.

• Enhances customer satisfaction through your AR process route:
  The ultimate aim of the firm should be a satisfied customer, leading to repeat his services. A firm which practices an efficient AR process ecosystem helps to drive its payment and approval time cycle of invoices. This includes an error free, fair priced and available support team.
  When the streamlining of AR process, help both the firm and its customers through by managing its finances. This in the long run builds trust, rapport and a long time relationship between the parties.

• Enhances employee retention in the accounting team:
  Accounting processes like accounts receivable enjoy the limelight of the management due to generating revenue, liquidity and help growth. Likewise, employees are the backbone of any successful firm, an overworked and stressed employee is bound to make errors or omissions if they are spending majority of time in unproductive work under utilizing their capabilities.
  Ultimately, they will look for greener pastures where their abilities and skill set will be lauded. Robotic automation of the AR process helps employees to accomplish better and pride themselves for their role in the firm.

Also read: How to automate the AP process to streamline your operations?

What are the perks of choosing Integra global solutions as a services provider for your accounts receivable robotic automation?

Firms once convinced need some form of guidance to choose the best service provider that suits their needs and prerogative. Keeping this in mind Integra is established to be a common fit and fix service provider. You will understand the perks of choosing us for your Accounts Receivable automation solution.

• Impeccable interface and integration is achieved through our solutions without disrupting the current IT infrastructure. Depending upon the need will be able to scale.
• Accessible through various sources is possible, as many firms are using their various accounting software. Irrespective of the source, our automation technique helps to communicate and send them through.
• Supports any country where you operate as it is compatible with all forms of major accounting software which has a global presence.
• Customization is a reality as each client is unique and so are their needs. IGS helps them to derive the same experience as per their specifications.
• Pricing model is supported for firms of all sizes.

If you want to know more about accounts receivable automation using robots, kindly give us a call and we are ready to share more details with you.