Top 10 Account Receivable Solution Companies - 2020

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Workiva Inc.: Redefining Innovation in Reporting and Compliance

Top 10 Account Receivable Solution Companies - 2020

Industry trailblazers are continuously looking forward to solutions that are adaptable to changing trends and market requirements. Cost savings, improved cash flow, and a decrease in manual errors are the determinants of any organization’s financial health. With pliant and forward-looking technology, businesses can maximize their cash flow and concentrate on making critical decisions backed by reliable data. In order to control account receivable systems, it is necessary to fabricate a long-term and outcome-based process. As the prosperity of the digital transformation of account receivable relies on seamless implementation and integration of novel technology with the company’s existing technology, finance professionals should emphasize automating account receivable to streamline daily operations and manual tasks.

It is also essential to keep up with the latest account receivable trends, as it allows organizations to take advantage of the latest developments in the industry. One of the most prominent trends that is growing with time is personalized communication. Collecting overdue payments is no easy task; when done inappropriately, poor communication can lead to customers losing their trust in a brand. This is why personalized solutions are increasingly becoming popular. A solution bespoke to customer preferences improves customer relationships and helps maintain good communication.

Similarly, customers now prefer completing their purchasing transactions online, and vendors are also providing them a variety of payment methods. This helps organizations to get paid quicker and reduce bad debt. With a flexible payment system in place, customers can effortlessly access invoices and send payments. These payment options can include credit or debit cards, online payments, checks, money orders, cash, or payment plans.

To gain the advantages of such technological advancements has compelled organizations to adopt account receivable solutions and services. This edition of CFO Tech Outlook has compiled a list of leading account receivable solution and service players to help companies navigate the best-of-breed service and solution providers. The enlisted organizations are transforming processes and services at the convergence of several disruptive technologies. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.

We present to you CFO Tech Outlook’s “Top 10 Account Receivable Solution Providers 2020.”

Top Account Receivable Solution Companies

Emagia is leading the industry with innovative enterprise order-to-cash management solutions. With an aim to accelerate the order to cash cycle to improve cash flows, Emagia offers a cloud-based, end-to-end, highly integrated order-to-cash platform that transforms, automates, and optimizes receivables, credit, and collection processes. This receivables management suite tightly and seamlessly integrates diverse sub-processes across the order-to-cash cycle—from invoicing, credit management, collections management to deductions management, cash application, payments processing, and more. Emagia platform has processed over $850 billion across 50 different countries in over 25 languages. Their recent introduction of Gia has been a massive hit in the market, which gained them numerous accolades

www.emagia.com

Bringing efficiencies in SAP ‘Order to Invoice’ Process that reflects right mix of full process view, advanced analytics, and daily performance visibility. eSource Solutions addresses the leakage of hard-earned money due to inefficient billing through its pioneering application, GetBilled. Effective billing requires a 360-degree view of the teams and individuals responsible for project execution, document signature, change management, and so on. GetBilled, at its core, brings transparency, visibility, accountability, and efficiency to this process that is often left out of transformation efforts.

www.esourcesol.com

Unified’s automated account receivable technology helps businesses accelerate cash flow and reduce AR cost while generating useful business insights through robust payment and remittance data. "Simplifies AR with cloud-based technology, best-in-class payment acceptance solutions and complimentary ongoing consultation from payment industry Subject Matter Experts"

www.gounified.com

VoApps is an Atlanta-based technology company that provides innovative voicemail solutions to help businesses reach mobile contacts with consideration and compliance. The company has patented solutions that optimize collections and call center efficiency. "Innovative voicemail solutions provider to help businesses reach mobile contacts with consideration and compliance"

www.voapps.com

Provides connected reporting and compliance solutions which is used by thousands of enterprises across 180 countries, including more than 75 percent of Fortune 500® companies, and by government agencies

www.workiva.com

Billtrust

Billtrust

Billtrust makes it easier for B2B companies to get paid. We’ve been the leading innovator in AR automation for nearly two decades and continue accelerating. The company provide automated order-to-cash solutions that meet diverse buyer requirements and speed cash application through tailored invoice delivery, secure multi-channel payment enablement and intelligent matching and payment posting

FrontRunnerHC

FrontRunnerHC

FrontRunnerHC offers a portfolio of SaaS solutions that easily integrates with your existing technology stacks and billing systems. We provide labs and healthcare providers with complete, up-to-date patient demographic and insurance data so you can process the right claims with the first submission, every time

Katabat

Katabat

Katabat is a global, SaaS-based enterprise debt-collection software provider. Our unified platform helps you collect more money, faster, with our proprietary machine-learning technology. "Offer the best collections software in the market, powered by true machine learning, so our clients maximize collections, minimize costs, and optimize their customer relationships"

VersaPay Corp.

VersaPay Corp.

Versapay is focused on changing the way companies do business together by offering Customer-Centric Order-to-Cash solutions for mid-market and enterprise businesses. The company help clients offer a superior customer experience, enabling CFOs to accelerate cash conversion, reduce costs, and eliminate paper, checks and manual business processes. Based in Toronto with offices in Atlanta, Cleveland, Baltimore and Las Vegas, Versapay is owned by Great Hill Partners, a Boston-based technology investment firm

YayPay

YayPay

A complete accounts receivable management platform that gives accounting teams more time, more insight, and more control. YayPay’s core purpose is to revolutionize the future of work for finance teams. YayPay is now part of Quadient, the driving force behind the world’s most meaningful customer experiences. Quadient supports hundreds of thousands of customers worldwide in their quest to create relevant, personalized connections and achieve customer experience excellence. Quadient is a public-listed $1.2 Billion revenue company with over 5,600 employees with operations in 29 countries