How much time is chasing invoices actually costing you?

The Problem: Time and Resource Drain in Invoice Management

Chasing invoices is a hidden drain on time and resources for B2B finance teams. The task often goes unrecorded, as it consists of fragmented activities like rewriting emails, checking payments, and matching deposits, which can add up to significant hours each month. These activities detract from more strategic roles finance teams could be playing, such as financial planning and analysis, thus impacting overall business growth.

How Most Providers Handle It Today

Many accounts receivable solutions on the market today offer partial automation, focusing mainly on sending payment reminders or managing payment portals. While these tools can reduce some manual work, they often lack the comprehensive integration and oversight needed to truly transform the invoice-to-cash process. Most solutions still require significant manual intervention, leaving businesses with a fragmented system that fails to address the full scope of accounts receivable challenges.

ARPilot's Approach: A Comprehensive and Human-Centric Solution

ARPilot offers a unique solution by automating the entire invoice-to-cash cycle while maintaining human oversight. The platform drafts outreach communications, schedules follow-ups, and matches bank payments against open invoices with high accuracy, all queued for human approval before execution. The system ensures no customer interaction occurs without a person’s consent, addressing the common concern of handing over customer relationships to an autonomous system. By integrating seamlessly with QuickBooks Online and offering robust API connectivity, ARPilot complements existing accounting systems without replacing them.

Key Benefits and Measurable Outcomes

1. Time Savings: By automating the preparation and matching of invoices, ARPilot reduces the hours finance teams spend on repetitive tasks to mere minutes of approval time. This allows teams to focus on higher-value activities that drive business growth.

1. Accurate Cash Flow Management: Automated matching of payments against invoices ensures an accurate aging picture, reflecting what has actually been paid and enabling better cash flow management.

1. Improved Customer Relationships: Human oversight in every customer-facing action ensures that customer interactions are personalized and accurate, maintaining strong relationships and reducing disputes.

1. Cost Efficiency: With pricing tailored for the mid-market, including a free tier for up to 10 invoices per month and competitive pricing for higher volumes, ARPilot provides a cost-effective solution for businesses of all sizes.

FAQ

How does ARPilot save time compared to traditional methods?

ARPilot automates the repetitive tasks involved in the invoice-to-cash cycle, such as drafting outreach communications and matching payments, reducing the time finance teams spend on these activities to just a few minutes of approval per day.

Why is human approval necessary in ARPilot's process?

Human approval is essential to maintain the quality and personalization of customer interactions, ensuring that all communications align with the company's standards and maintaining strong customer relationships.

What makes ARPilot different from other accounts receivable solutions?

Unlike other solutions that focus only on reminders or partial automation, ARPilot covers the entire invoice-to-cash cycle with comprehensive integration, requiring human approval at every step, and offering robust API connectivity to existing accounting systems.

Is ARPilot suitable for small businesses as well as larger enterprises?

Yes, ARPilot is designed to be scalable, with pricing options that cater to both small businesses and larger enterprises, making it a versatile solution for companies invoicing from a few dozen to thousands of invoices per month.

How quickly can a business implement ARPilot?

Businesses can be up and running with ARPilot in just days from connecting QuickBooks, thanks to its self-serve signup and no need for an implementation partner.