Question: I need a system that can help me optimize collections and reduce bad debt, while ensuring compliance with regulatory requirements.

If you're looking for a more comprehensive solution to optimize collections and reduce bad debt while ensuring regulatory compliance, Billtrust could be a good fit. Their AI-powered accounts receivable platform streamlines the order-to-cash process with automated credit approval, AI-powered eCommerce integration and collections. Billtrust has helped customers increase cash flow and customer satisfaction, so it's a good option for companies looking to optimize AR processes and minimize manual work.

Another contender is Growfin, which is geared to speed up debt collection and improve collaboration between AR, sales and customer success teams. It uses AI to prioritize accounts, precision dunning and real-time tracking and analytics. Growfin is designed to reduce manual work by 60% and decrease DSO by 33%, so it's a good option for optimizing accounts receivable processes and speeding up cash flow.

If you want a more mature solution, check out FinFloh. The platform automates and optimizes AR processes from end to end, helping companies accelerate receivable collection and automate cash application. FinFloh includes customizable workflows, ML-based OCR for cash application, and AI-driven credit scoring, and it's secured by compliance standards. It's geared for companies with complex AR operations that want to lower DSO and improve collections efficiency.

Also worth a look is HighRadius, an autonomous finance platform that spans the Office of the CFO's Order-to-Cash, Treasury, Record-to-Report and Accounts Payable operations. Its features include AI-based collections management, cash application management and AI-powered invoice processing. HighRadius integrates with many ERPs and third-party platforms, and its goal is to improve working capital and lower DSO, so it's a good option for increasing productivity and cash flow.