Simplify Your Accounts Receivable Automation

Are you struggling with manual invoice distribution? Does your current ERP system lack the necessary integration for automated invoice and collection workflows? Do you need a system to track multiple payment methods in real-time? Is your business suffering from overdue and outstanding invoices?

A long queue of questions will keep running in your mind until you draw a line and drive in a solution. Why not look for a partner with a unified platform that automates your account receivable and collections? 

With Hylobiz, you can automate invoicing and its distribution across networks, track real-time collections online and offline, access business dashboards for decision-making and enhance working capital efficiency.

What are the Challenges Faced by Businesses?

Businesses face several struggles regularly while handling invoices, tracking payments, sending payment reminders, closing overdue, etc. Here are some major challenges noted:

• Integration issues: Integrating invoice management systems and multiple peripheral systems with existing ERP or accounting software can be complex and time-consuming.
• Overdue invoices: Difficulty in managing and collecting overdue invoices can lead to cash flow issues and damaged customer relationships.
• Complex workflows: Handling multiple invoicing, collections, and distribution processes across business networks can be time-consuming and error-prone.
• Inefficient communication: Sending payment reminders and continuous follow-ups on overdue invoices, especially for large businesses with complex networks.
• Lack of visibility: Businesses may struggle to track the status of invoices, payments, and collections, leading to decreased efficiency and potential losses.

Account Receivable Automation for Corporates

Hylobiz partners with enterprises to optimize their financial health; streamline workflows, transform cashflows, and digitize collections. It offers:

• Smooth ERP Connect – To your ERP through APIs to auto-send invoices, delivery notes & other documents as well as reverse sync information to ERP.
• Invoice Management – To support the entire cycle from creation to distribution and even real-time acceptance in tier 2 networks.
• Automate SOA & Payment Reminders – Dispatch of Statement of Accounts and payment reminders can be automated at frequencies decided by the enterprise with the help of configurable powerful reminder rule engine & mail templates.
• Multi-mode payment collection – Integrated payment hub enables digital collection of funds via cards, Bank transfers, and Virtual accounts along with real-time reconciliation.
• Dashboards & Reports –  Omni Channel collection dashboard with connected ERP and Bank account by enabling real-time view of cash, cheque, Bank transfer, cards and other modes of collection. Businesses have the flexibility to set up multiple user profiles that enable access to meaningful dashboards at different levels in the organisation.

Benefits of Account Receivables Automation by Hylobiz

Incorporating with the Hylobiz platform brings a bundle of benefits for enterprises; from cash flow optimization to enhanced accuracy, working capital efficiency, and better ROI. Our partnership for accounts receivable automation has helped serve 250k+ businesses by simplifying their accounts receivable and collections process to bring in –

• Better Cash Flow: On-time collections (online/offline) and quicker invoice-to-cash conversion lead to a positive cash flow, for further investment back into the business.
• Improved Working Capital Efficiency: Automated receivables/collections, combined with real-time payment reminders and flexible payment options, accelerate cash flow enabling enterprises to reinvest capital more quickly.
• Enhanced Accuracy and Transparency: Enhanced visibility through real-time tracking, automated reconciliation, and transparent field collections minimizes manual errors and maintains data integrity. This builds trust and fosters long-lasting partnerships.
• Improved and Measurable ROI: Stronger cash flow with good consistency provides you with greater financial flexibility
• Strategic Business Insights: Hylobiz provides real-time business dashboards that offer valuable insights into your financial performance. Stay informed about the overdue status and upcoming transactions to make data-driven decisions. 

Why Choose Hylobiz for AR automation?

The platform is connected to ERP and receivable automation. It requires zero CAPEX investment and provides flexible subscription payment options for all enterprises. One must choose Hylobiz as it is easy to integrate with zero process changes and has no such downtime.

It delivers user-specific workflows and has experience in offering uninterrupted services at a scale. The comprehensive financial suite is easy to adapt to and helps businesses mitigate risks and minimize financial loss.  It comes with accurate data maintenance and record-keeping.

Hylobiz is the future of business optimization. Its innovative features, coupled with its user-friendly interface and flexible payment options, make it the perfect choice for businesses of all sizes. Contact us today to learn more.

Ready to transform your account receivables? Book a free demo and learn how our platform can help your business.

Frequently Asked Questions