Enterprise Content Management Accounts Receivable Automation Solutions Automating accounts receivable using software designed to streamline billing transaction and collection processes. Introduction Streamline Billing and Reporting with Accounts Receivable Automation Solutions In the dynamic realm of finance, maintaining a competitive edge is crucial. Leveraging accounts receivable automation solutions enables you to optimize your processes, minimize mistakes, and reclaim precious time. Whether it is automating invoice creation or monitoring payment statuses, our innovative accounts receivable automation software seamlessly integrates with your current systems to ensure smooth workflows. By automating manual accounts receivable invoicing tasks, you position your company for more precise monthly reports and punctual deliveries. Through automating accounts receivable, you gain the capability to handle all invoicing procedures from a centralized location. icon - laptop - plain Digital Transition At Your Own Pace Take your time in converting to VRC’s simplified electronic accounts receivable systems. Your own customers won’t be forced to change, as our solution supports a wide range of inputs. icon - regulatory compliance Maintain Compliance Lift the burden of compliance regulations from your accounts receivable department. Our system manages the ever-evolving standards to keep your business running smoothly. icon - storage Secure Archival Systems Both paper and electronic invoices that are managed by our automation solution are securely archived. Requested files are readily available for timely delivery as your business needs them. icon - certified Expert Support Our staff will help resolve issues and identify ways for your business to get the most out of the automation platform. AR Processes Transformed By Workflow Automation VRC’s workflow automation platform unlocks numerous improvements for all your accounts receivable processes. Cloud-based software lets you process accounts receivable invoices faster and more accurately than any paper system. Combined Shape On-demand access to critical documents Combined Shape Synced supporting documentation related to billing transactions and collections Combined Shape Centralized data tracking throughout the collection process Combined Shape Ad Hoc reporting to check collection statuses Combined Shape Automatic payment notices Improve the Cash Collection Cycle Our accounts receivable software solution removes the obstacles preventing today’s businesses from collecting receivables in a timely manner. Evaluate Credit Decisions Expand Manage customer credit Make consistent, business-focused credit decisions while maintaining customer relationships. Control credit risk Secure sales revenue with an efficient credit approval and risk monitoring process. Simplify Payments Expand Compliant invoicing Customize invoice deliveries so they uphold your legal requirements and align them with customer preferences every time. Enable multiple payment options Allow customers to use credit cards and other popular payment methods for everyone’s convenience. AI Assistance Expand Fine-tuned automation AI technology automates AR processes, customized by your credit policy, and allows you to efficiently manage your credit risk and reduce bad debt. Centralized claims and deduction management Our software platform consolidates information across departments, aiding collaboration across them and helping everyone work transparently and efficiently. Frequently Asked Questions Still looking to learn more about accounts receivable workflow automation? Check out some answers to these common questions. Why manage your AR processes with VRC? Collapse Instant visibility on all customer accounts, invoice statuses, and performance Quicker invoice related issues resolution (e.g., dispute, deductions, etc.) Easier onboarding process & less IT maintenance Improved compliance for businesses in all industries Reduced DSO (Days Sales Outstanding) & optimized working capital Does using AR automation software mean I have to automate my entire AR process? Expand It’s all up to you! Our flexible model allows users to choose if they automate one, some or all of the areas within their credit-to-cash process—from credit management and invoice delivery to collections, payment processing, and cash application processes. What advantages will I see with your Accounts Receivable software solution? Expand With our AR automation solution, you can expect fewer admin-manual tasks, increased working capital (due to reduced costs, quicker payments and secured revenue), more visibility (via dashboards current working capital, cash on hand, open accounts payable and more) and immediate access to key performance metrics. Does your AR software integrate with all ERPs? Expand It does. Our AR solution integrates with any ERP system or business application. Once the customer invoice is validated in the ERP, it’s quickly and securely transmitted to our software to be processed. You can synchronize customer information, payment status and open AR files. Is your AR solution designed for enterprise accounts? Expand Yes, our AR software is designed for global enterprises with multi-languages, multi-sites, multi-currencies, global compliance, and worldwide payment coverage. Cloud-based technology enables global and remote teams to collaborate efficiently while providing executives insight into every level of the organization. Interested in VRC or the services we provide? Don’t hesitate to reach out so we can learn more about your business. Contact Us
