AR Automation: A top embedded finance requirement for your B2B company

Businesses that automate their AR processes experience a 63% reduction in the time it takes to process payments¹ and can achieve cost savings of up to 29%².

And what company couldn’t benefit from faster payments and reduced costs? But B2B organizations, in particular, stand to gain even more. Let’s explore why AR automation is a top embedded finance requirement that B2B companies can’t live without.

AR automation: the path to B2B excellence

1. Increased Visibility to Cash
   

   B2B companies rely on accurate cash flow forecasting to make informed decisions. With AR automation, you get real-time visibility into receivables, which means more accurate forecasting and better cash flow insights and management.

2. Customized Payment Terms

   B2B transactions often involve complex payment terms to meet each client's needs. With AR automation, B2B companies can easily customize payment schedules, discounts, and terms, ensuring a personalized customer experience that helps build strong relationships.

3. Automated Payment Reminders

   AR automation takes the guesswork out of follow-ups by sending automated reminders and notifications to customers with outstanding invoices, helping B2B companies maintain consistent communication without manual steps.

4. Integration with ERP Systems

   For B2B companies, keeping your AR processes and ERP systems aligned is essential. AR automation solutions seamlessly integrate with your other platforms, providing a clear view of customer interactions, days-sales-outstanding (DSO) and payment information.

5. Improved Customer Satisfaction

   According to Deloitte, when businesses embrace AR automation, they see a 40% increase in customer satisfaction levels. Your streamlined processes and convenient digital payment options provide your customers with the simple, consumer-like, payment experience they crave.

6. Accelerated Access to Cash

   Make it easier for your customers to pay, and you’ll get paid quicker–it’s just that simple. Companies utilizing AR automation see a remarkable 30% decrease in outstanding balances³.

The Cost of Delay: Why Waiting Isn't an Option

Every day spent burdened with manual processes is a day in lost potential revenue. When you harness the power of AR automation, you can see a staggering 90% improvement in data accuracy⁴.

Ready to take your B2B operations to the next level? Streamline your processes, boost efficiency, and drive bottom-line growth today when you explore the possibilities of AR automation!

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