Question: Can you recommend a tool that helps manage cash flow and automates reminders for overdue payments?

If you need a system to keep track of your cash flow and send reminders when payments are late, TurboAR is a good option. It's an accounts receivable optimization system that automates and streamlines cash flow. With customizable workflows, multichannel reminders and AI-powered insights to summarize email threads and spot disputes, TurboAR is good for companies of all sizes that struggle with cash flow and late payments.

Another powerful option is Billtrust, an AI-based AR system that tries to make the order-to-cash process easier and more unified. It includes automated credit approval, AI-based eCommerce integration, multiple payment options and optimized collections with customizable workflows. Billtrust was named the AR Applications Overall Leader in the SPARK Matrix for 2024, and more than 2,400 companies use it to improve AR and speed up cash flow.

If you want to automate and streamline your B2B invoicing and accounts receivable processes, Streamlined is an AI-based order-to-cash system. It automates invoicing, offers flexible payment options, sends smart reminders and integrates with popular e-commerce sites like Shopify and accounting software like QuickBooks. Streamlined cuts manual invoicing time and lowers back office costs by up to 80%, which can lead to better cash flow and customer satisfaction.

Last, Quadient AR from YayPay is a good option for B2B finance teams that want automated accounts receivable, collections workflows and more advanced analytics. It can predict cash flow and offer customizable AR data dashboards, and it integrates with a variety of ERP, billing and CRM systems. By automating some tasks, Quadient AR can cut manual labor and days sales outstanding, making it a good option for companies that want to improve cash flow and collections.