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AR Automation

What is AR Automation?

AR Automation, or Accounts Receivable Automation, is the modernisation of accounts receivable processes through automated, electronic systems to reduce repetitive and time-consuming tasks.  AR Automation frees up time for AR teams to focus on higher-value work, such as chasing payments and getting the cash in quickly and mitigating against bad debt, rather than printing and posting paper invoices.

AR Automation is closely linked with e-invoicing, as this becomes the default delivery mechanism for invoices.  However, Netsend goes further, taking into account the need to retain paper in small percentage of cases, automating the print and postage processes.

AR Automation from Netsend

AR Automation

What is AR Automation?

AR Automation, or Accounts Receivable Automation, is the modernisation of accounts receivable processes through automated, electronic systems to reduce repetitive and time-consuming tasks.  AR Automation frees up time for AR teams to focus on higher-value work, such as chasing payments and getting the cash in quickly and mitigating against bad debt, rather than printing and posting paper invoices.

AR Automation is closely linked with e-invoicing, as this becomes the default delivery mechanism for invoices.  However, Netsend goes further, taking into account the need to retain paper in small percentage of cases, automating the print and postage processes.

AR Automation from Netsend

AR Automation benefits

Netsend gets invoices to your customers quickly, accurately, efficiently.  Some of the main benefits of AR automation via Netsend are explained below.

Reduced Costs

Netsend frees up AR teams to focus on more profitable activities, removing the cost of manually creating and sending invoices.

With invoice automation comes a move to electronic invoicing, removing the costs of printing and posting in-house, and the overheads associated with this.

Centralising print and postal fulfilment through Netsend leverages an economy of scale, as well as localised printing, to reduce costs.

Improved Cash Flow

Collecting money fast is always a major competitive edge.  Our clients routinely report faster payments, less hassle and less delinquency.

The increase in speed of delivery, as well as accuracy of invoicing details, present no excuses for late payment.

Furthermore, AR teams are able to dedicate time to chasing payments and handling exceptions, shaving days off DSO and minimising delinquency.

Invoicing accuracy through AR Automation

Increase Accuracy

Integrating invoice automation directly with accounts software takes human error out of the loop.  If a customer portal is then created, enabling customers to update contact details themselves, this further ensures accuracy of delivery.

Remove uncertainty with AR Automation

Remove Uncertainty

In business, as in life, it’s dangerous when you don’t know what you don’t know.  Netsend systems and protocols allow both client and customer total overview of invoicing status at every stage.

Guarantee Receipt with AR Automation

Guarantee Recepit

When a customer fails to open, or click through to an invoice, resends can be made automatically.  When an invoice fails to be acknowledged in electronic format, the AR Automation system can automatically resend by post, as well as raising a task for one of the AR team to follow up by phone to ensure receipt.

Reduce waste with AR Automation

Reduce Wastage

The biggest threat to business success is, often, wasted time.  Netsend’s sole focus is invoice delivery, where payment status is instantly visible. People are the greatest asset to any business, don’t allow their time to be wasted on manual, repetitive invoicing processes.  Netsend empowers them to solve payment problems and bring cash into the business sooner.

Find out more about Netsend

Netsend is at the vanguard of companies dedicated to eradicating issues of credit control. Through its management of business-critical document distribution, Netsend ensures accurate and efficient delivery of invoices to your customers in the medium which suits them.

Beyond saving time and cost through invoice automation, Netsend enables a risk-free and seamless shift towards electronic invoicing, reducing errors and driving down DSO.

Netsend also removes the classic challenges of document storage and retrieval for auditing and compliance.  FTSE 100 businesses depend on Netsend to provide secure online access to their document distribution history, facilitating ease of reporting, performance analysis and proof of delivery amongst a range of other document management functions.

Headquartered in the UK, Netsend has clients operating in over 52 countries.

Download the Netsend brochure to find out more.

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