At BlueSnap we help businesses automate their accounts receivable processes to get paid faster and reduce costs. Learn more in the video below:
Today's invoicing and accounts receivable process is riddled with inefficiencies, unnecessary costs and late payments. In fact, over 60% of all B2B payment costs come from labor supporting the accounts receivable process. Yet, 40% of suppliers still struggle to get paid on-time for their goods and service.
Part of the problem is that many businesses are still managing a mostly manual process. Manually generating invoices, receiving and handling physical checks, and chasing down clients for late payments. And all that manual effort is really expensive – some businesses report that it costs them over $11.00 for every invoice they send. While that may not seem like a lot, while it’s just one invoice, imagine sending out thousands of invoices over the course of the year. That can add up to be a lot of money for businesses we're working with.
At BlueSnap, we believe there’s a better way for businesses to manage their accounts receivable process. Businesses who have implemented AR automation software have saved up to 90% of the cost to send out invoices – and they get paid faster.
As part of the All-in-One Payment Platform, businesses have the tools they need to automate the entire accounts receivable process. We've pre-integrated with ERPs and CRM systems, like: Netsuite, Sage Intacct, Salesforce, and HubSpot. So, there's no additional coding required.
This allows for businesses to easily create quotes and send them to customers for e-signatures.
A signed contract automatically generates an invoice for a one time payment or subscription for recurring billing.
Invoices can also be created in ERP systems or in our Platform with payment fully-integrated.
Invoice reminders are automated with configurable rules and triggers. We also provide a self-service customer portal so clients can review and pay their outstanding invoices.
All payments are automatically reconciled and synced to the accounting system. Businesses have the flexibility to automate the whole accounts receivable process or choose the parts that are most important to them.
With BlueSnap, businesses have a comprehensive solution to automate their accounts receivable process.
To learn how BlueSnap helps businesses protect themselves against fraud and chargebacks, check out our video on bluesnap.co