Accounts Receivable Software Research

The modern accounts receivable (AR) department in an organization acts as the primary hub for collecting on debt, reducing overdue payments, and increasing working capital. Depending on the size and scope of the company, the AR function can encompass all or more of the following areas:

•  Credit application processing
•  Preparing/Distributing invoices
•  Developing and executing collection strategy
•  Dispute settlement
•  Payment processing and reconciliation
•  Cash flow forecasting
                                                                                                                                              

Accounts Receivable Challenges and Opportunities

Manual tasks such as responding to customer service requests and account reconciliations take up the majority of the time allocated for credit and collections. Prioritizing customer follow up calls, tracking down all the details needed for those calls, and resolving disputes requires vast amounts of staff time and energy. Too often there’s no time left to focus on critical revenue-driving activities.

According to our research, the overwhelming number of options, along with a lack of knowledge about various platforms makes executives hesitant to adopt an AR automation solution. PayStream Advisors is here to help AR and collection professionals sort through the growing number of solutions available with comprehensive market research and comparison.

We consider 4 core attributes when evaluating each AR automation solution, including:
•  Collections Management
•  Credit Assessment Functionality
•  Invoice Presentment and Payment
•  Forecasting Solutions
                                                                                                                                              

Accounts Receivable Tools and Education

PayStream Advisors provides AR change agents with the resources they need as they search for credit and collections automation solutions.

These include:
•  Research Reports
•  Educational Webcasts
•  Case Studies, Articles, & Info graphs
•  ROI & TCO (Total Cost of Ownership) Calculators
•  In-Depth Video Reviews

Our research is available on demand for our members and membership is completely free.