What is Invoiced?
Invoiced is an accounts receivable automation platform designed to simplify the entire invoice-to-cash process for B2B finance teams. The software eliminates complexity by automating manual tasks such as invoicing, payment collections, and reconciliation, which helps accelerate cash flow and reduce errors. It connects buyers and sellers for seamless transactions while providing accurate forecasting and reporting capabilities.
The platform offers customizable workflows that streamline approvals and payments, making it easier to onboard customers or vendors. With integrations for ERP and CRM systems, Invoiced ensures data synchronization without manual effort. Its AI-powered features enhance reconciliation and forecasting, saving time and improving accuracy for finance professionals across various industries.
Features
- Automated Invoicing and Collections: Automates invoice delivery, payment collection, and follow-up processes
- AI-Powered Reconciliation: Uses artificial intelligence to improve accuracy in cash application and forecasting
- Customizable Workflows: Allows design of custom automation workflows for manual A/R processes
- ERP Integrations: Syncs with accounting platforms to automatically update invoices, payments, and customer data
- Multi-Currency Payments: Supports global payments with multiple currency options for domestic and international transactions
- Cash Flow Analytics: Provides real-time reporting and forecasting across the invoice-to-cash lifecycle
- Automated Collections and Dunning: Recovers payments quickly through automated follow-up systems
- Late Fee Automation: Streamlines late payment follow-up with automated fee application
Use Cases
- Automating B2B invoicing and payment collection processes
- Streamlining accounts receivable operations for finance teams
- Improving cash flow through faster payment recovery
- Integrating accounts receivable with existing ERP and CRM systems
- Managing multi-currency payments for global businesses
- Creating custom automation workflows for specific billing needs
- Generating financial reports and cash flow forecasts
- Automating late fee application and collections follow-up
FAQs
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What is accounts receivable automation software?
Accounts receivable automation is the process of streamlining invoice-to-cash processes with software that helps companies put customer invoicing, payments, and cash application on autopilot, saving time and money while improving accuracy and reporting. -
Does using Invoiced require automating the entire A/R process?
No, Invoiced is versatile and customizable. You can enjoy the benefits of accounts receivable automation whether you employ one feature or several, adapting it to fit your specific needs. -
How does Invoiced differ from other accounts receivable automation options?
Invoiced automates all aspects of billing, collections, payments, reporting, and forecasting within one customizable platform. It offers an open API for unlimited integration possibilities and sandbox access for testing, making it highly adaptable to company needs. -
Does Invoiced integrate with all ERPs?
Yes, Invoiced is compatible with all ERPs that allow integration. Most cloud-based applications can use the API, while on-premise applications can use ERP Connect. -
Can global businesses use Invoiced's accounts receivable solutions?
Yes, Invoiced supports international and multi-entity company structures with embedded payment functionality that enables receiving payments in multiple currencies at both domestic and global levels.
