ARPilot + Plaid

Overview — How This Company and Plaid Work Together

ARPilot's integration with Plaid seamlessly connects your accounting system with real-time banking data, creating a dynamic and automated accounts receivable environment. By leveraging Plaid's capabilities, ARPilot provides businesses with enhanced visibility into their customers' bank transactions and account statuses, facilitating more efficient AR processes. This integration eliminates the need for manual bank account verifications and ACH payment authorizations, ensuring that your AR team can focus on strategic tasks rather than mundane administrative work.

What the Integration Does (Data Synced, Automations Triggered)

With the ARPilot and Plaid integration, several key data points are synced and automated processes are activated to streamline your accounts receivable operations:

• Bank Account Verification: Automatically verify customer bank accounts before setting up ACH auto-pay, reducing errors and ensuring a smooth payment process.
• ACH Payment Authorization: Enable secure and efficient ACH payment processing with real-time authorization, minimizing the risk of failed transactions.
• Real-Time Transaction Monitoring: Stay updated with live transaction data, ensuring payments have cleared before closing invoices and reconciling accounts.
• Balance Checks Before Payment Runs: Reduce ACH return rates by conducting pre-checks on customer account balances, confirming sufficient funds are available.
• Identity Verification for New Customers: Automate identity verification processes, ensuring compliance and reducing the risk of fraud.

Step-by-Step: Getting Set Up

Key Benefits

The ARPilot and Plaid integration offers a range of benefits tailored to optimize your accounts receivable operations:

• Improved Cash Flow: By reducing DSO by 20-40% within 90 days, businesses can enhance liquidity and better manage cash flow without altering existing workflows.
• Error Reduction: Automated verification and real-time monitoring reduce the risk of errors in payment processing and reconciliation, ensuring more accurate financial management.
• Enhanced Efficiency: By automating tedious AR tasks, your team can focus on strategic initiatives, driving growth and innovation.
• Scalability: The integration's AI-native design ensures it scales with your business, adapting to increased transaction volumes without compromising performance.
• Cost-Effectiveness: With transparent per-invoice pricing, businesses can benefit from AR automation that pays for itself, reducing overhead costs associated with manual processes.

FAQ Section

How does the ARPilot and Plaid integration improve ACH payment processing?

The integration automates bank account verification and enables real-time ACH payment authorization, reducing errors and minimizing the risk of payment failures, thus ensuring smoother transaction processes.

Can the integration work with any accounting software?

Yes, ARPilot's integration with Plaid is designed to work seamlessly with popular accounting systems like QuickBooks, NetSuite, and Xero without requiring a complete system overhaul.

What specific data does ARPilot sync from Plaid?

ARPilot syncs critical banking data, including bank account verification, transaction monitoring, balance checks, and identity verification, to automate and streamline your AR processes.

How quickly can I expect to see results after implementing the integration?

Most businesses experience a 20-40% reduction in DSO within 90 days of implementing the ARPilot and Plaid integration, leading to improved cash flow and operational efficiency.

Is the integration secure?

Absolutely. ARPilot leverages Plaid's secure bank connectivity platform, ensuring all data transfers and transactions meet industry-standard security protocols.