A complete Accounts Receivable invoice automation offering
Billing and Collections Management are business-critical. Accounts Receivable teams are having to adapt to the specific demands of buyers (public sector and private) causing process fragmentation. While collections teams strive to reduce DSO with less resource. There is now a proliferation of portals to connect to, compliance requirements to adhere to and information to be managed.
What does the Total AR offering comprise of?
Total AR is Tungsten’s Accounts Receivable offering. It covers everything from creating a tax compliant invoice to software to support teams chasing that invoice to payment. Our solution provides a wide variety of distribution methods (including print, email and portals) with software, providing clear visibility of the status of each invoice sent for both the senders credit control team and their customers. The software contains a selection of tools which help a credit control team to track and chase payment, supported by a dedicated portal for every customer. Here accounts payable teams each can view, download and query any outstanding invoices
With Total AR, you submit one file, through any channel, in any format, and deliver all your invoices to all your customers — and you can release cash to the balance sheet and gain business agility. It’s simple, streamlined, and cost effective.
Benefits for Accounts Receivable
- A consolidated single connection reunites data to create compliant invoices at a press of a button
- Remove paper from your organization by outsourcing with our print and mail services
- Reduce DSO with the speed of electronic delivery and the visibility you need to track through to payment with our billing, collection and disputes modules
- Remove the challenge of connecting to multiple portals no matter the method or format
- Maintain business continuity within the countries and public sector institutions with our comprehensive compliance services
Benefits for Accounts Payable
- Receive invoices the way you need them no matter the method
- Customer portal provides easy access to the information you need where you need it
- Accurate data reduces queries, disputes and delay