Question: I need a system that can automate and optimize our invoicing and payment management processes to improve profitability.

Billtrust has an all-purpose AI-infused accounts receivable platform that automates and integrates the entire order-to-cash process. It includes automated credit approval, AI-infused eCommerce integration, automated invoicing, multiple payment options, AI-infused cash application and automated collections with customizable workflows. Billtrust was named the AR Applications Overall Leader in the SPARK Matrix for 2024 and has helped more than 2,400 companies around the world automate work, cut costs and speed up cash flow.

Another top contender is Streamlined, an AI-infused order-to-cash solution that automates and streamlines B2B invoicing and accounts receivable. It includes automated invoicing, flexible payment options, auto-reconciliation of payments in real-time, smart reminders for customers, and real-time integration with popular platforms like Shopify, QuickBooks, and NetSuite. Streamlined can help companies reduce average DSO by 30 days and lower back office expenses up to 88%, making it a good fit for companies with B2B sales, e-commerce or wholesale operations.

If you want a more self-sufficient finance platform, HighRadius offers a variety of features including AI-infused collections management, cash application management, electronic invoicing and account reconciliation. It integrates with many ERPs, banks and third-party systems, so data flows easily and IT support is minimized. HighRadius says it can help companies improve working capital, speed up financial closes and boost productivity, which can be a big help if you're trying to lower DSO and improve cash flow.