introduction

Streamline Billing and Reporting with Accounts Receivable Automation Solutions

In the dynamic realm of finance, maintaining a competitive edge is crucial. Leveraging accounts receivable automation solutions enables you to optimize your processes, minimize mistakes, and reclaim precious time. Whether it is automating invoice creation or monitoring payment statuses, our innovative accounts receivable automation software seamlessly integrates with your current systems to ensure smooth workflows.

By automating manual accounts receivable invoicing tasks, you position your company for more precise monthly reports and punctual deliveries. Through automating accounts receivable, you gain the capability to handle all invoicing procedures from a centralized location.

Digital Transition At Your Own Pace

Take your time in converting to VRC’s simplified electronic accounts receivable systems. Your own customers won’t be forced to change, as our solution supports a wide range of inputs.

Maintain Compliance

Lift the burden of compliance regulations from your accounts receivable department. Our system manages the ever-evolving standards to keep your business running smoothly.

Secure Archival Systems

Both paper and electronic invoices that are managed by our automation solution are securely archived. Requested files are readily available for timely delivery as your business needs them.

Expert Support

Our staff will help resolve issues and identify ways for your business to get the most out of the automation platform.

AR Processes Transformed By Workflow Automation

VRC’s workflow automation platform unlocks numerous improvements for all your accounts receivable processes. Cloud-based software lets you process accounts receivable invoices faster and more accurately than any paper system.

  • On-demand access to critical documents
  • Synced supporting documentation related to billing transactions and collections
  • Centralized data tracking throughout the collection process
  • Ad Hoc reporting to check collection statuses
  • Automatic payment notices

Solutions

Improve the Cash Collection Cycle

Our accounts receivable software solution removes the obstacles preventing today’s businesses from collecting receivables in a timely manner.

Backfile Imaging Services

Efficiently convert paper documents to electronic format

Incrementally convert your backlog of records over time without disrupting your operations with high-volume document conversion services.

Access your important files

Transform inactive or archived paper documents, microfilm or microfiche records, and media files into a consistent electronic format with our document scanning services.

Maximize your space

Clear out cluttered shelves and file cabinets by converting your paper documents into digital files, freeing up valuable office space.

Evaluate Credit Decisions

Manage customer credit

Make consistent, business-focused credit decisions while maintaining customer relationships.

Control credit risk

Secure sales revenue with an efficient credit approval and risk monitoring process.

AI Assistance

Fine-tuned automation

AI technology automates AR processes, customized by your credit policy, and allows you to efficiently manage your credit risk and reduce bad debt.

Centralized claims and deduction management

Our software platform consolidates information across departments, aiding collaboration across them and helping everyone work transparently and efficiently.

Simplify Payments

Compliant invoicing

Customize invoice deliveries so they uphold your legal requirements and align them with customer preferences every time.

Enable multiple payment options

Allow customers to use credit cards and other popular payment methods for everyone’s convenience.

FAQs

Frequently Asked Questions

Still looking to learn more about accounts receivable workflow automation? Check out some answers to these common questions.

  • Instant visibility on all customer accounts, invoice statuses, and performance
  • Quicker invoice related issues resolution (e.g., dispute, deductions, etc.)
  • Easier onboarding process & less IT maintenance
  • Improved compliance for businesses in all industries
  • Reduced DSO (Days Sales Outstanding) & optimized working capital

It’s all up to you! Our flexible model allows users to choose if they automate one, some or all of the areas within their credit-to-cash process—from credit management and invoice delivery to collections, payment processing, and cash application processes.

With our AR automation solution, you can expect fewer admin-manual tasks, increased working capital (due to reduced costs, quicker payments and secured revenue), more visibility (via dashboards current working capital, cash on hand, open accounts payable and more) and immediate access to key performance metrics.

It does. Our AR solution integrates with any ERP system or business application. Once the customer invoice is validated in the ERP, it’s quickly and securely transmitted to our software to be processed. You can synchronize customer information, payment status and open AR files.

Yes, our AR software is designed for global enterprises with multi-languages, multi-sites, multi-currencies, global compliance, and worldwide payment coverage. Cloud-based technology enables global and remote teams to collaborate efficiently while providing executives insight into every level of the organization.

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Interested in VRC or the services we provide?

Don’t hesitate to reach out so we can learn more about your business.