Paul Erdal’s Post

U.S. Bank has launched an automated, end-to-end accounts receivable platform named Advanced Receivables, in collaboration with Billtrust. This platform aims to streamline the B2B payment process, reduce costs, and improve cash flow visibility. Key features include automated invoicing, flexible payment options, seamless cash application, optimized collections, and efficient credit processing. This initiative addresses finance leaders' priorities to enhance operational efficiency and reduce costs through technology. Advanced Receivables complements U.S. Bank’s existing AP Optimizer, enabling comprehensive digitization of B2B payment processes. Full article in the comments!

📢 What Is An EDI 820 Payment Order? 💡 Learn more about this important financial transaction document and the key components. 📑 Read more: https://lnkd.in/dUdJP4zT #B2BE #EDI #electronicdatainterchange #edi820 #paymentorder #businessdocument #paymentremittance #businesstransaction #businesstobusiness #b2b #businesspayment

There are many inherent bottlenecks that exist in invoice processing and collecting outstanding invoices. There is an art and science to identifying where invoices “get stuck” and then removing friction from the order-to-cash (O2C) process. This article will focus on identifying the role that various departments play in invoice process efficiency and share how to put together (4) four puzzle pieces that impact B2B collections efficiency. Slide through to find out what the 4 Puzzle Pieces are. What was your biggest takeaway? Comment below... #collectthecash #Invoices #Payments

More often than not ROI can be hard to measure when evaluating AR automation solutions. However, according to a B2B payments study, organizations that automate AR save 23 days on their DSO and can process functions 87% faster. That’s inline with what we heard from Manpower, one of our customers. They were able to free up 5.5 hours daily that was previously spent on invoicing and collections. Want to get an idea of how much you could be saving by automating your accounts receivable process? Check out our quick ROI calculator here ➡ https://lnkd.in/g4VGNV9d #arautomation #accountsreceivable #CFO #CFOinsights

Managing cash flow is a balancing act. ⚖   Uncover how automating A/R can streamline it.   Our guide covers: - Establishing a reliable financial data source - Syncing accounting with other systems - Reporting on cash flow metrics - Cutting DSO by automating billing and collections - Accurate cash inflow forecasting 👉 Get your copy now: https://bit.ly/3w0pWol.    #b2b #payments #financeoperations #accountsreceivable #cashflow 

In another study, PYMNTS Intelligence revealed that inefficient back-end processes in AP and AR departments have led to reduced cash flow visibility for 28% of companies surveyed. Manual review of payments has been cited by nearly half of companies that said they have encountered friction when making B2B payments — which indicates that automated and embedded solutions are poised to see increased embrace.

Tired of waiting for paper checks to process? Make the switch to digital payments and start saving time and money. Find out how much you could be saving by going digital. leave us a comment or send us a message to get started> https://hubs.la/Q02qz6P40 #payments #b2b # accounting #ach #checks #invoicing

🤔 Wondering where your organization stands on DSO (Days Sales Outstanding) compared to your industry peers? Is what your currently experiencing 'the norm' or do you have work to do? 📔 Our new 'State of B2B Payments Report' goes under the hood of Upflow, analyzing data from thousands of users and hundreds of companies, working in our platform every day. With benchmarks on DSO, invoice aging, payment delays, common payment methods, and much more, we're sure you'll want to check out the full report! We split the insights by industries and business models, so you get a clear idea of where your business stands compared to your peers. And the full report also includes tips and insights on how to improve 👉 https://lnkd.in/gQPDBM8m Check out the report at the link above (no pesky forms to fill out, we promise!) and tag a finance colleague who might be interested in the post below. #b2bpayments #finance #accountsreceivable

US SMEs are relying on manual payment processes, with 40% of B2B payments still being made with paper checks. Payments via checks can take days to clear, causing cash flow challenges for small businesses. However, by automating payments and accounting processes, we can enable faster access to funds, as highlighted in a joint explainer by Financial Times and American Express. Previse unlocks working capital for SMEs, using smart data and technology to get suppliers paid as early as day one. Learn more at: https://previse.co/en-gb/ Read more on how we are removing friction from digital payments at: https://lnkd.in/gty-9Gc4 #SMEs #B2Bpayments #digitalpayments #workingcapital #cashflow #automation #accounting #invoicing

Auto-match invoices to payments in even the most complex payment scenarios. Effortlessly apply for payments and accelerate cash flow with best-in-class cash application software: https://bit.ly/4afTfl1 #CashApplication #Invoices #AccountsReceivable #Payments