For real-time auditing and transparency in debt collection, January could be a great option. This digital debt recovery platform uses machine learning to maximize debt collection rates while minimizing borrower dissatisfaction. It offers real-time auditing, automated compliance, and customized borrower treatment. January caters to lenders and debt buyers of unsecured consumer loans, offering a client portal for account management with real-time performance and borrower interaction insights.
Another contender is Growfin, accounts receivable automation software that can accelerate debt collection and coordinate the work of AR, sales and customer success teams. It uses AI to prioritize accounts, tracks and analyzes them in real-time and automates cash posting. Growfin promises to reduce manual work by 60% and days sales outstanding by 33%, so it could be a good choice for businesses trying to optimize their accounts receivable process and get their money faster.
Quadient AR from YayPay is an accounts receivable automation tool that helps speed up the order-to-cash process by automating manual processes and providing real-time AR visibility. It includes automated accounts receivable, advanced analytics and customizable AR data dashboards. Quadient AR integrates with a variety of ERP, billing and CRM systems, promising to reduce manual work by 50% and days sales outstanding by 34%.
Last, Billtrust offers an AI-powered AR platform that automates the entire order-to-cash process. It offers automated credit approval, AI-powered eCommerce integration and efficient collections with customizable workflows. Billtrust integrates with a variety of ERPs and other systems, and offers professional implementation, training and managed services to help businesses optimize AR processes and revenue.