Objective:
To automate invoicing and collections processes, reduce outstanding payments, and minimize write-offs in B2B transactions.
Solution Implemented:
– Invoice Bot: Automated generation and distribution of invoices based on predefined schedules.
– Reminder Cadences: Timely, automated payment reminders sent to clients at strategic intervals.
– Dispute Assistant: AI-powered assistant to efficiently manage and resolve payment disputes, improving cash flow.
Results Achieved:
– Days Sales Outstanding (DSO): Reduced by 19%, accelerating cash flow and reducing the time taken to collect payments.
– Write-Offs: Decreased by 35%, reducing the amount of bad debt and improving overall financial health.
This solution streamlined the invoicing and collections workflow, improving cash flow management while minimizing the risks associated with delayed or disputed payments.
To automate invoicing and collections processes, reduce outstanding payments, and minimize write-offs in B2B transactions.
Solution Implemented:
– Invoice Bot: Automated generation and distribution of invoices based on predefined schedules.
– Reminder Cadences: Timely, automated payment reminders sent to clients at strategic intervals.
– Dispute Assistant: AI-powered assistant to efficiently manage and resolve payment disputes, improving cash flow.
Results Achieved:
– Days Sales Outstanding (DSO): Reduced by 19%, accelerating cash flow and reducing the time taken to collect payments.
– Write-Offs: Decreased by 35%, reducing the amount of bad debt and improving overall financial health.
This solution streamlined the invoicing and collections workflow, improving cash flow management while minimizing the risks associated with delayed or disputed payments.
