Have Questions?

Revamp Cash Application Processes To Speed Payment Cycles And Improve Service

Improve Accounts Receivable Processes

By

Austin Graham

Categories
Archives
Read Time: < 1 minute

Improve Your Accounts Receivable Processes

Your organization’s accounts receivable (AR) department has many varied responsibilities, from matching customer payments to invoices, to posting payment data into your accounting system, to submitting bank deposits. Despite the fact that many of the daily tasks performed within your AR department are typically repetitious, one of the department’s most important roles is to create a stable, controlled foundation for your organization’s cash flow.

The combined usage of Optical Character Recognition (OCR) and a supporting exceptions management workflow enables AR departments to streamline functions and dramatically increase efficiencies. The same document management automation tools frequently used in accounts payable departments can provide similar types of benefits for accounts receivable processes. In an environment where large volumes of remittance mail are handled each week, it’s easy for critical transactions to get lost or delayed. Manual processes can slow down work and raise the potential for errors, which in turn can cause high Days Sales Outstanding (DSO) and slower payment reconciliation. That’s when automation in the accounts receivable department can help.

Take the Next Step

We can help you decide pretty quickly whether this would be a good fit for your organization. With 20+ years of experience in automation, we just need about 5 minutes of Q&A. 

MEET SUE!

She’s 100% Human, Super Nice and Very Knowledgeable.

Skip the forms, chatbots and sales pitch calls. Email Sue today and she’ll respond to you within one business day!

New call-to-action

What's on our mind?

RPA in Healthcare: ECM Integration

Read More

Revenue Cycle Management Automation

Read More

Big Tech’s Race to Partner with RPA Software Providers

Read More

Improving Patient Experience Through Intelligent Automation

Read More

RPA in Healthcare: Epidemiology Use Cases

Read More

RPA in Healthcare: Revenue Cycle Use Cases

Read More

10 Ways KeyMark Helps Customers

Read More

What is CloudCapture, Part 2

Read More

The Basics of Hyland ECM

Read More

SHARE
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest