Revolutionize the Revenue Cycle with Automated AR solutions.
By automating your Accounts Receivable processes with an end-to-end enterprise content management and content services platform like OnBase, organizations can streamline order fulfillment, accelerate payments, and completely power-up their revenue cycle.
Ai Enhanced Accounts Receivable Processes
Unlock advanced visibility and transparency into your organization’s financial power, and fuel smarter, more informed crediting and borrowing decisions with Ai-powered process improvements for your AR department.
Order-to-cash improvements
- Capture and validate order information, proof of delivery receipts, invoices, correspondences, and notes.
- Store order information and related documentation in a centrally located repository for simple and secure access.
- Track open invoices with aging reports and get paid faster.
Automated reviews
- Automate contract distribution workflow and seamlessly deliver contracts to customers.
- Send automatic reminders and obtain signatures and approval faster.
- Access contracts in your repository and make amendments with ease and version control.
Check & remittance reconciliation
- Wield intelligent document processing to capture unstructured and semi-structured content from checks and remittance documents and enable straight-through processing.
- Eliminate manual data errors and validate data against internal invoice rules.
- Speed the delivery of data into your core financial systems.
Lockbox processing
- Capture check information and associated documentation however it’s received and extract appropriate data including amounts, check number, name, and invoice number.
- Automatically post validated payment data to the appropriate customer accounts.
- Access real-time visibility into payment processes and bottlenecks.
Dispute resolutions
- Identify, categorize, and assign disputes. Track disputes in real time for timely resolution.
- Improve satisfaction and communication with automated responses, reminders, and direct customer interaction tools.
- Monitor trends, identify root causes, and generate reports for proactive decision-making and process improvement.
Why Automate Accounts Receivables?
With a powerful Accounts Receivable system in place, you can:
- Reduce Days Sales Outstanding (DSO) to improve cash flow
- Send sales order information to your accounting systems automatically
- Capture invoices directly from your ERP and make them instantly accessible
- Gain greater visibility into the entire accounts receivable cycle
- Free your staff to spend more time on customer service and other priorities
See the completely connected accounting department
True enterprise-wide automation targets more than just your account payable processes. Identify where processes meet solutions in a completely automated accounting department, fueled by a total content services platform.
Contact us today to start
your Accounts Receivable transformation!
KeyMark has been a leading OnBase reseller since 1999. With extensive expertise implementing, integrating, training, and supporting process automation solutions, we are well-equipped to bring your accounts receivable processes to the next level.
