Sandbox
Production
Ways to Accept Payments
Cross-Border Payments
Payment Optimization
Payment Types & Currencies
Compliant Surcharging
Fraud Prevention
Chargeback Management
Compliance
Payment Analytics & Reporting
POS Systems
Flexible Payment Monetization
White Label Payment Solutions
Fast Merchant Onboarding
Global Payment Optimization
Global Payouts
Built-In Payment Orchestration
Expert Platform Support
Tailored Risk Management
Payment Operations Tools
Accounts Receivable Automation
Subscriptions & Recurring Billing
Invoice Payments
Virtual Terminal
As 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?
No, you do not have to automate your entire AR process with BlueSnap. The flexibility of BlueSnap’s AR Automation solution ensures that you only automate the processes you want to. This includes integrating with accounting, ERP and CRM software systems. BlueSnap AR Automation comes pre-integrated with the software you already use, so when you do want to start automating, you can do so without 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 handles the global currencies and payment types your customers want. Plus, our team handles regional regulations, so all your payments stay compliant and secure.
What are the advantages of AR automation?
The advantages of AR automation include fewer manual tasks taking your team’s time, automatic account updates, live dashboards, improved customer experience and increased efficiency. Here’s how each benefit plays out:
- Fewer manual tasks mean less busy work for your teams, and more time to focus on higher value operations
- Automatic account updating keeps customers’ payment details up to date so more payments go through
- Live dashboards with real-time updates provide instant insights into important metrics for better overall data management
- Improved customer satisfaction through better communication and visibility from the customer portal, meaning you get paid faster and fewer accounts go into collections
- Improved efficiency helps you save money, making it easier for your business to scale