The solution offers fixed DSO, reduction of delinquency, elimination of late payments due to
disputes, and enhanced efficiency in managing customer invoicing, ultimately improving the
financial health of the business.
Star Software's AR Automation replaces time-consuming manual processes such as credit
review, manual invoicing, payments reconciliation, dispute handling, and collections. This
results in immediate savings, improved efficiency, and increased productivity.
The process involves the following steps:
i. Customer places an order.
ii. User creates an invoice using the automation solution.
iii. User sends the invoice to the customer.
iv. Customer pays the amount.
v. The solution ensures a streamlined and efficient workflow from order to payment, optimizing
the overall financial process.
Star's accounts receivable automation solutions guarantee a fixed DSO (Days Sales
Outstanding) on all receivables. By automating manual processes, late payments due to
disputes are eliminated, and bad debt is reduced, contributing to an overall improvement in
working capital.
The solution includes robust document management features. It receives, manages, and
stores documents electronically, reducing paper usage. Users can access documents
remotely, and the system can route documents for approval and follow-up as needed.
The integration process is fast and seamless, ensuring that the Invoice Automation Solution
can be quickly incorporated into existing accounting software. This facilitates a smooth
transition and minimizes disruptions to regular business operations.
Yes, Star Software's Invoice Automation Solution supports batch scanning of invoices. This
feature allows users to process multiple invoices simultaneously, improving efficiency in
handling large volumes of financial documents.
The OCR technology employed by Star Software's solution enables the system to accurately
read and interpret information from invoices, eliminating the need for manual data entry.
This enhances accuracy and speeds up the overall invoice processing.
Star Software's Invoice Automation Solution is a comprehensive tool that integrates both
Accounts Payables and Accounts Receivables functionalities. It utilizes Optical Character
Recognition (OCR) to read invoices, allows batch scanning of invoices, and seamlessly
integrates with accounting software for efficient financial management.