Save time and money with accounts receivable automation

Digitizing your invoicing process makes it easier for your clients to pay, and for you to get paid. By adding credit card payments to an e-invoice, you can eliminate manual work, cut costs, and reduce your time to getting paid from 28 days to 1.

Create a B2B invoice payment link with Trace AR™

Sending a digital invoice that includes a payment link means instant delivery to your clients and faster payments received. You can expect faster “invoice to cash” while eliminating manual processes and lowering resource costs. Credit card payments also offer the benefit of lower fraud rates than payments made with paper checks and wire transfers.

Your customers benefit from automation

Your clients can pay using the payment method they want on your customized web payment form. E-invoicing improves customer satisfaction by making their payments easier to submit and track.

What can you do with automation from Trace AR?

  • Send “click-to-pay” payment links to your customers via email and text message.

  • Apply discounts, sales tax, and fees (including credit card surcharges and late fees).

  • Customize invoices with your logo and brand colors.

  • Send payment reminders for outstanding invoices.

  • Create itemized invoices and schedule payments in one simple step.

  • Set up recurring or installment payments that include automatic payment alerts.

  • Reconcile payments to their respective invoices.

  • Track invoice history, from creation to paid, for all customers.

Reduce days sales outstanding (DSO) from 28 days to 1

Infographic comparing the Accounts Receivable (AR) process without automation versus with automation. The top half, titled 'AR Process WITHOUT Automation,' outlines a 10-step process taking 28-45 days, including customer purchase, invoicing, mail/email delivery, invoice receipt, approval routing, check payment by customer, payment receipt, batching for deposit by the merchant, and deposit in the bank. Each step is depicted with an icon, such as a credit card for purchase and a mail envelope for invoice delivery. The bottom half, titled 'AR Process WITH Automation,' shows a simplified 3-step process enabled by PayTrace, which results in 85% of digital payments being received within 1 week. The steps include customer purchase, merchant receiving the deposit in the bank, and the highlighted advantage of faster payment receipt. The graphic uses a color scheme of black, orange, and purple, with icons inside circles to represent each step, and a banner across the top indicating the lengthy process time for the non-automated method.
The image displays two flowcharts describing the accounts receivable process with and without PayTrace automation. The top section, highlighted in orange and titled 'With PayTrace automation,' states that '85% of e-invoices are paid within one week' and illustrates a three-step process: 'Customer makes purchase,' followed by the PayTrace automation icon, and ending with 'Merchant receives deposit in bank.' The bottom section, outlined in purple and titled 'Without PayTrace automation,' indicates that 'traditional payment processes can take 28 to 45 days.' It details a ten-step process beginning with 'Customer makes purchase,' followed by steps for invoicing, time for mail/email delivery, invoice receipt, routing for approval, check payment by the customer, time for mail, merchant receiving payment, batching payments for deposit, and ending with 'Merchant receives deposit in bank.' Icons represent each step, emphasizing the increased efficiency and speed when using PayTrace automation.

Seven benefits of AR automation

  • Saves a Ton of Time

    Spend less time managing accounts receivables.

  • Saves Effort

    Radically improve back-office efficiencies & reduce errors.

  • Saves Money

    Increase productivity, reduce DSO and B2B card transaction fees.

  • Increases Visibility

    Get instant, real-time insights into the payments process.

  • Improves CX

    Effortless experiences, multiple ways to pay, with a digital audit trail.

  • Faster Payments

    Fewer past-due invoices & more on-time payments.

  • Accelerates Cash Flow

    Increase business flexibility and growth options.

More ways to accept payments

  • RECURRING payments

    Create subscription payments that automate installments.

  • payment vault

    Store sensitive client data for return clients to use.

  • virtual terminal

    Key in phone or other manual transactions through a web browser.

  • hosted payments

    Accept payments securely through PayTrace's hosted form to reduce your PCI scope.

  • simple api

    Add payment features or connect with other software systems quickly and easily.

  • payment buttons

    Add Buy Buttons to your website for a simple customer checkout solution.

Seamless connections with your back-office financial systems

Trace AR easily connects to QuickBooks Online to provide simple reconciliation and a central hub for managing all your accounting processes.

Start automating your receivables the Trace AR way.