Question: I'm looking for a way to speed up payment recovery and reduce the need for human intervention, do you know of any tools that can help?

If you're looking for tools to accelerate payment recovery and minimize human intervention, FinFloh is a top pick. The software automates and optimizes the accounts receivable process from start to finish, including AI-based credit scoring, ML-based OCR for cash application and customizable workflows for dispute resolution, and integration with ERP, CRM and communication tools.

Another top contender is Growfin, which is designed to accelerate debt collection and improve collaboration between AR, sales and customer success teams. It offers AI-based account prioritization, precision dunning and automated cash posting, which reduces manual work by 60% and DSO by 33%. That makes it a good choice for optimizing accounts receivable processes and accelerating cash flow.

If you want to use AI to optimize debt collection, Paymefy is worth a look. It automates customizable notification sequences across multiple channels, reducing manual work. Options like Paymelink, multi-invoice payment and installment payment options help you recover debts faster and lower costs, so it's a good choice if you want to lower payment recovery times.

Streamlined is another AI-powered platform designed to automate order-to-cash processes like invoicing and accounts receivable. It includes features like real-time payment auto-reconciliation, smart reminders and same-day payouts for processed payments. The platform is designed to reduce manual invoicing and AR work, lowering back office expenses and improving cash flow efficiency.