Top 10 Accounts Receivable Software 2020

Accounts receivable are the lifeblood of a business's cash flow. Sometimes referred it as AR.

Accounts receivable are legally enforceable claims for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for.

Account Receivable tremendously helps you in increasing cash-flow in a positive way for your business. It might improve the chance of working capital management.

It will also help businesses to prevent them from running out of working capital. So we need to pick up the time saving smart approach for AR related problems.

Common Accounts Receivable Problems

Difficulty matching payments to invoices
Constantly having to resend copies of invoices
Fielding many customer inquiries about invoices
Offering a customer experience that is less than expected
Unable to accept credit card payments in a secure environment
Receiving late payments and rising Days Sales Outstanding
Manual data entry
Payment Delay
Customer Dissatisfaction

Automate your Accounts Receivable Work

Accounts receivable management software gives you flexibility in billing by streamlining order-to-cash cycle and automating routine workflows. It allows you to quickly and efficiently collect the money you’re owed.

When you automate your accounts receivables, there are no more missing invoices, late payments and no need to chase down payment from customers. These accounts receivable management software allows you to set up recurring payments, which let your to pay automatically every time and allow you to get paid even faster. You can also set up smarts alerts, custom reminders, track total assets, set vendor portal etc.

Benefits of Account Management Management Software

Collect money faster: Now with the help of Account Receivable you can collect money faster. It will save the time and through AR new invoices can be issued.
Reduces costs: As an efficient AR system it will gradually eliminate the bad debts from your business and will help you overcome cash-flow shortage. So that’s how it will reduce costs which adds on one more benefit to its AR benefits.
Value staff: The work of your staff would be easier by AR software which will work as smart tool to achieve the great success. Repetitive manual tasks would be automated so the time of staff would be little free. We can use that time more productively.