Ways to Accept Payments
Cross-Border Payments
Payment Optimization
Payment Types & Currencies
Fraud Prevention
Chargeback Management
Compliance
Payment Analytics & Reporting
Accounts Receivable Automation
Subscriptions & Recurring Billing
Invoice Payments
Virtual Terminal
Sandbox
ProductionAs we know from our Progressing Payments Report, businesses are hampered by their manual accounts receivable processes. In fact, 80% of companies are threatened by late payments because of their manual AR processes, yet 99.7% of senior decision makers are optimistic and open to AR automation, with almost all stating that digital transformation would benefit their organizations.
So, we decided to ask business leaders which AR automation benefit would have the most meaningful impact on their organization, and here are the results:
Forty-seven percent of respondents think AR Automation’s impact on customer satisfaction and retention would be the biggest benefit for their business. AR Automation definitely can help to increase customer satisfaction and retention by facilitating better communication and transparency around charges and invoices and making payments easier for your customers.
BlueSnap’s All-in-One Accounts Receivable Automation Software has a number of features, like the Customer Portal, the ability to Create, Manage & Automate Invoices, and BlueSnap’s robust Global Payments to help create the best customer experience possible that helps companies get paid faster.
Related Resources:
- How Do Your Accounts Receivable Processes Compete? [Quiz]
- AR Automation Software Buying Guide
- Gamma Phi Beta’s Facilities Management Company Case Study
Frequently Asked Questions
What is AR automation?
AR automation, or accounts receivable automation, is the process by which manual accounts receivable tasks such as producing, sending and uploading invoices are instead handled by software. AR automation software can handle the entire accounts receivable process, allowing you the ability to automate any task you’d like to optimize.
Do I have to automate my entire AR process?
While you can automate your entire AR process, you certainly don’t have to. The flexibility of our AR automation solution ensures that you only automate the processes that you want to. This includes integrating with accounting, ERP and CRM software systems. Our AR automation solution comes pre-integrated with the software that you already use, so when you do want to start the automation process you can avoid complex onboarding or coding.
Can BlueSnap’s AR automation handle global sales?
Absolutely. Our Payment Orchestration Platform is designed to enable effective global sales, and AR automation is an important part of that. Our AR automation software can handle over 100+ currencies and 100+ payment types. Plus, our team handles regional regulations, so all your payments stay compliant and secure.
What are the advantages of AR automation?
- Fewer manual tasks mean less busy work for your teams, allowing them to focus on higher value operations.
- Automatic account updating means immediate updates and instant notifications, reducing costly downtime and ensuring that payments are faster.
- Dashboards are updated in real time, providing instant insights into important metrics such as AR performance, customer accounts, payment processing and more, for better overall data management.
- Faster turnaround times and fewer errors result in less frustration for customers, while branded portals offer secure places for them to pay online.
- Overall improved efficiency saves your company money, makes it easier to scale and can lead to more business opportunities.