Yes, you can try us for free for your first 20 actions. Our friendly team will work with you to get you up and running as soon as possible.

Of course. Our pricing scales with your needs. Chat to our friendly team to find a solution that works for you.

AR (Accounts Receivable) automation is the process of using software to streamline and manage invoicing, payment collection, and follow-up tasks. It reduces manual work, speeds up cash collection, minimizes overdue payments, and gives businesses real-time insights into cash flow and customer payment behavior.

To automate AR collection, businesses can implement AR automation software like Paidnice, which automates tasks such as sending invoice reminders, applying late fees, generating customer statements, and managing escalations for overdue payments. Integration with accounting systems like QuickBooks and Xero allows for real-time updates and visibility, making the entire collection process more efficient.

The best accounts receivable software varies based on business needs, but top solutions typically include features for automating invoicing, reminders, late fees, and collections. Paidnice, for example, is a powerful AR automation tool designed to integrate seamlessly with QuickBooks and Xero, offering customizable workflows, customer segmentation, and multi-currency support for a streamlined AR process.

Key KPIs for accounts receivable include Days Sales Outstanding (DSO), Collection Effectiveness Index (CEI), Average Days Delinquent (ADD), and Accounts Receivable Turnover Ratio. These KPIs help measure the efficiency of collections and provide insights into cash flow performance. A lower DSO, for instance, indicates quicker collection of receivables.

AP (Accounts Payable) and AR (Accounts Receivable) automation refer to the use of software to streamline both outgoing and incoming payments. While AP automation manages vendor payments and outgoing cash flow, AR automation focuses on invoicing, collections, and cash inflows. Together, AP and AR automation solutions optimize a business's cash flow management and operational efficiency.

By automating reminders and offering a self-service portal for payments, Paidnice makes it easier for clients to manage their invoices and payments, reducing friction and building trust. Transparent and consistent communication helps improve customer satisfaction.

Yes, Paidnice offers detailed reporting on accounts receivable performance, including overdue invoices, late fee income, and customer payment patterns. These insights help you optimize your AR strategy and forecast cash flow.

Of course, watch a quick demo here where we run through how Paidnice works, and some of the unique setups you can run with it. We encourage you to watch the video, as that will likely answer most of your questions. If you still have questions after watching the video, book a demo here.