Setting the Table for Success — A/R Automation Solutions to Streamline Your Payment Processing Operations

This Thanksgiving, gobble up the manual, error-prone legacy systems and give thanks for accounts receivable (A/R) automation solutions. 

All Your Payment Fixings in One Place

Unlike a dashboard that only displays transactions from disparate systems, a truly integrated A/R automation solution accepts, processes and posts any payment type—check, ACH/EFT, credit/debit card, cash—via any payment channel—mailed-in, called-in, lockbox, online, mobile, in-person—on a single, secure, SaaS platform. With an A/R automation solution, your business no longer has to juggle multiple systems and outdated “siloed” platforms.

As is similar to preparing a traditional Thanksgiving meal with all the fixings, accepting and processing payments from various channels can become overwhelming and complex without the right setup. A single, consolidated payment processing platform brings credit/debit card, ACH/EFT, checks and cash all under one “roof,” making it easier for internal A/R staff to accept, process, post and manage payments with minimal manual intervention. 

Ultimately, a single platform reduces the need for multiple software interfaces and solutions, providing a seamless payment experience for back-office teams, as well as business customers. And, with the added benefit of cash application automation, businesses are able to save time and resources—allowing internal A/R staff to focus on higher value functions such as exception handling. 

That’s the kind of operational efficiency any A/R team would be grateful for!

The Perfect Recipe for Payment Processing Success

Managing the entire A/R lifecycle from payment acceptance to processing, and ultimately, posting, can be like juggling all of the Thanksgiving side dishes and entrees in the kitchen—each dish (payment stage) needs careful planning to avoid a bottleneck.

An A/R automation platform integrates front, middle and back-office processes helps to reduce bottlenecks, and enables faster, more accurate payment acceptance, processing and posting. Instead of navigating various systems and solutions, A/R teams can easily access and manage all incoming transactions from a consolidated payment platform.

With its seamlessly scalable infrastructure, a unified A/R processing platform can easily allow for higher payment volumes and additional payment channels. As your customer base and business continues to grow, an A/R automation solution can adapt to support the “extra seats at the table,” allowing your A/R team to manage more transactions with the same efficiency, accuracy and resources. 

Whether your business is experiencing a seasonal surge or steady growth, a single receivable processing platform ensures your A/R operations remain smooth and efficient. 

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This Thanksgiving, let’s be grateful for the benefits that a single, integrated receivables platform brings. With all the essential “ingredients” unified on a single system, teams can process payments securely and efficiently, automate cash application, and gain valuable insights—all which helps set the table for long-term business success.

Happy Thanksgiving!

1.  22 B2B Payment Statistics & Trends in 2024, May 2024

2. PYMNTS Report | Tapping AI's Potential for AR Optimization, November 2023