Overview

Esker’s Accounts Receivable (AR) automation software is a comprehensive solution designed to enhance the efficiency of the invoice-to-cash (I2C) process.By integrating artificial intelligence (AI) and intuitive collaboration tools, it streamlines various AR tasks, leading to faster cash collection and improved revenue recognition.This solution provides businesses with real-time insights, enabling better decision-making and fostering a more strategic approach to accounts receivable management.

Features and Capabilities

• Credit Management:
  • Optimizes credit approval workflows.
  • Continuously monitors and assesses customer credit risk.
• Invoice Delivery:
  • Automates the creation and distribution of invoices.
  • Supports multiple delivery formats, including electronic and paper.
  • Ensures compliance with regional invoicing regulations.
• Payment Processing:
  • Facilitates secure and efficient payment acceptance.
  • Supports various payment methods to accommodate customer preferences.
• Cash Application:
  • Automatically matches incoming payments to corresponding invoices.
  • Reduces manual intervention and accelerates cash posting.
• Deductions Management:
  • Automates the tracking and resolution of customer deductions and disputes.
  • Centralizes all claims for better visibility and control.
• Collections Management:
  • Prioritizes collection efforts based on customer payment behavior.
  • Provides tools for effective communication with delinquent accounts.
• AI-Powered Insights:
  • Utilizes predictive analytics to forecast payment timelines.
  • Offers recommendations for optimal collection strategies.
• Customer Portal:
  • Offers customers self-service access to their invoices and payment history.
  • Enhances customer experience by providing transparency and convenience.
• Integration Capabilities:
  • Seamlessly integrates with existing Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) systems.
  • Ensures smooth data flow across business applications.