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 bad debt, rather than printing and posting paper invoices.
Uploading invoices to customer invoicing portals, or government mandated portals (e.g. Italy’s SdI) can be automated to save time, improve accuracy and bring cash in more quickly.
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 benefits
Netsend gets invoices to your customers quickly, accurately, efficiently. Some of the main benefits of AR automation via Netsend are explained below.
Netsend frees up AR teams to focus on more profitable activities, removing the cost of manually creating, sending or uploading invoices to AP portals.
With invoice automation comes a move to electronic invoicing, removing the costs of printing and posting in-house, and associated overheads.
Centralising print and postal fulfilment through Netsend leverages an economy of scale, as well as localised printing, to reduce costs.
Improve Cash Flow
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.
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.