Manual processes not only demand a lot of staff attention, but also have a higher potential for errors. A/R automation relieves much of the time and risk issues, giving your company a much improved experience.
Accounts receivable
Speed up your billing and get paid faster.
Increase your payment collections and decrease your Day Sales Outstanding (DSO) with automated accounts receivables solutions. Our powerful digital A/R options help improve cash flow so you can do more with your money. And with enhanced reconciliation through the latest digital payments technology, your staff can focus on essential work.
We'll work with you to design an accounts receivables strategy that enhances your A/R capabilities and meets your working capital goals.
Streamline your receivables journey.
We’ll evaluate your account receivables process and work with you to find efficiencies.
Digital billing and payment collection
Reduce your dependency on manual collection and processing with the latest electronic billing and payment options.
Integrated receivables
Use automated tools to decrease manual tasks, consolidate payments and reduce exceptions for reconciliation. .
Receivables channels
Increase visibility and decrease risk with our cash, check and electronic receivables solutions.
Accounts receivable insights
6 reasons to integrate your receivables
The speed of business is accelerating. Accounts receivable must keep up. See why integrating A/R should be a consideration for your business.
A/R automation saves time and effort.
Power/mation, a manufacturing company in the Midwest, wanted to automate its A/R processes so staff could do more strategic work. U.S. Bank developed the solution.
Minimizing manual receivables work
MSC Industrial Supply deployed U.S. Bank VantagePoint for integrated receivables management and increased its match rate from 62 percent to 97 percent.
Accounts receivable Q&A
Digital billing solutions from U.S. Bank offer more ways for your customers to pay you. When your customers have more methods and channels to choose from they are more likely pay you, and pay you on time..
U.S. Bank listens to your pain points, walks you through solution options, then partners with you to implement intelligent receivables with the best end-to-end experience to help move your business forward.
Measuring the performance of accounts receivable helps uncover areas for improvement. Receivable performance can be assessed using various metrics, including days sales outstanding (DSO), collection effectiveness index (CEI) and average days delinquent (ADD). A/R automation technology can aid in performance management by providing scalability and flexibility, in addition to reducing manual tasks.
Contact our accounts receivable experts.
Are you ready to revisit your A/R strategy? The accounts receivable experts at U.S. Bank are ready to work with you to transform your practices.
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