--- title: Octacom | Accounts Receivable Automation description: With Octacom's Accounts Receivable Automation, you can automate the delivery of invoices, statements, and reports creating efficiencies and reducing errors. --- # **Accounts Receivable Automation** Automate the complex and manual parts of your accounts receivable process, to achieve an improved customer experience and cost savings. Best result of all... accelerate your order-to-cash process.  #### Traditionally, accounts receivable departments have been inundated with a high volume of documents and manual data entry or reconciliations. Now you can streamline your internal processes and increase ROI using an automated solution, leveraging Octacom's document processing, advanced data capture, reporting and integration services. ![team-meeting-tablet](https://www.octacom.ca/hs-fs/hubfs/Accounts%20Receivable%20Automation/team-meeting-tablet.jpg?width=2121&height=1414&name=team-meeting-tablet.jpg) ### Key Features of ### Accounts Receivable Automation Lower Costs Process, transmit and store data electronically to maximize efficiencies. Eliminate physical document handling and data entry. Reduce Errors with Automation Automate the capture of core data from customer orders, POD documents, payment remittances and more. Enable notifications for missing documentation to ensure completeness of records. Automated Processes Automatically route electronic invoices, payment remittances and POD documents thereby reducing Days Sales Outstanding. End-to-End Integration Octacom provides full-service integration to facilitate electronic data access and transfer to clients via API or direct access, or financial institutions through integrations to banks, payment and EDI networks, and ERPs. User Accessibility With unlimited user access through Octacom's tailored Odiss Client Portals, your customers and employees will always be able to access data and statements when they need them. Secure Storage Maintain data that is easily accessible to your internal and external teams in a long-term secure archive that will allow you to adhere to applicable retention and compliance requirements. - [Improve Accuracy & Accessibility](https://www.octacom.ca/accounts-receivable-automation#lsn-item-1) - [Increase Efficiency ](https://www.octacom.ca/accounts-receivable-automation#lsn-item-2) - [Reduce Turnaround Times](https://www.octacom.ca/accounts-receivable-automation#lsn-item-3) ![Accounts Receivable Page_Improve Accuracy and Accessibility](https://www.octacom.ca/hubfs/Accounts%20Receivable%20Page_Improve%20Accuracy%20and%20Accessibility.png) #### Improve Accuracy & Accessibility Automated data capture improves the accuracy of your accounts receivable processes. Octacom makes it easy to report, store and access documentation. No more off-site storage solutions or bulky file cabinets; just centralized and verified data you can trust. Leverage granular user and security permissions to ensure security and compliance are maintained while improving accessibility to data. ![Accounts Receivable Page_Increase Efficiency](https://www.octacom.ca/hubfs/Accounts%20Receivable%20Page_Increase%20Efficiency.png) #### Increase Efficiency Octacom accommodates your billing and reporting cycles, manages your distribution lists and reports back on successful and unsuccessful deliveries. All of these solutions work together to reduce your overdue invoices and support your cash flow. Octacom's exception management portal allows your staff to quickly and easily communicate with clients and resolve anomalies. ![Accounts Receivable Page_Reduce Turnaround Times](https://www.octacom.ca/hubfs/Accounts%20Receivable%20Page_Reduce%20Turnaround%20Times.png) #### Reduce Turnaround Times Increase productivity and decrease time spent handling print documents. Accounts receivable outsourcing improves results: within 24 hours or less, your clients receive and access their invoices, statements or report information from anywhere in the world. ## How Octacom’s Accounts Receivable Automation Can Streamline Your Workflow ![integration](https://www.octacom.ca/hubfs/integration.svg) Import accounts receivable data using an automated seamless integration between Octacom and your existing ERP system or accounting software. ![Capture Icon](https://www.octacom.ca/hubfs/capture.svg) Automate delivery of digital invoices or POD documents using Octacom, thereby accelerating your cash flow. ![secure-cloud](https://www.octacom.ca/hubfs/secure-cloud.svg) Confirm receipt of invoices through electronic delivery methods, including EDI. Maintain historical AR information in one central, secure archive. ## Save on Costs and Wasteful Spending Cut down on costs by implementing automated AR processing. Do away with bulky paper storage and manual reconciliation. Octacom’s accounts receivable services and software allow you to process invoices, handle statements and report your financials quickly and accurately. By eliminating manual processes, you will drastically reduce your internal costs and accelerate your company’s cash flow. Octacom offers a cost per page solution for unique pricing flexibility with no incremental costs or licensing fees and no capital investments in software or hardware. Outsourcing and automating invoice, payment claim and POD processing allows clients to take full advantage of Octacom's best-in-class extraction and processing technology. Further, leverage Octacom's Odiss Software, a customizable cloud-based and SSO-enabled solution.  *Octacom services Subaru in a number of ways including Accounts Payable, Accounts Receivable and Payment Processing. In regard to Accounts Receivable Automation, Octacom processes AR invoices and hosts them within Odiss Software for over 100 dealership groups across Canada, and also provides fully outsourced EDI services and software, with robust reporting and integrations to Canadian financial institutions and the OpenText Business Network for automated transaction processing.* ![Screen Shot 2021-11-01 at 3.23.56 PM](https://www.octacom.ca/hubfs/Screen%20Shot%202021-11-01%20at%203.23.56%20PM.png) Subaru Use Case *Octacom processes regular payment claims for medical cannabis insurance coverage. Thousands of pages of payment claims go through Octacom’s advanced automated capture technology monthly, with more than 25 fields captured per record. These payment claims and summaries are logged in Odiss for long-term access. From the data in Odiss, Aurora can run its AR reconciliation process in SageX3, saving countless hours of data entry and reconciliation.* ![Screen Shot 2021-11-01 at 3.25.58 PM](https://www.octacom.ca/hubfs/Screen%20Shot%202021-11-01%20at%203.25.58%20PM.png) Aurora Cannabis Use Case *Octacom processes monthly billing and accounts receivable statements from over 450 practice management systems across Canada, using advanced automated capture technology to extract and validate relevant data in order to facilitate payment reconciliation with 1/10th of the time spend.* ![Screen Shot 2021-11-01 at 3.27.08 PM](https://www.octacom.ca/hubfs/Screen%20Shot%202021-11-01%20at%203.27.08%20PM.png) Dentalcorp Use Case *Octacom processes over 4,000,000 bill of ladings and proof of delivery documents, both digitally and through our scanning centers, annually. These documents go through an advanced data capture process to extract critical business information, and enter a rich archive in Odiss, which is integrated into Lafarge Holcim’s SAP and Customer Portal. Odiss is accessed by thousands of internal users and customers. Lafarge Holcim has experienced reduced days sales outstanding through this enhancement to the order-to-cash experience.* ![Screen Shot 2021-11-01 at 3.29.12 PM](https://www.octacom.ca/hubfs/Screen%20Shot%202021-11-01%20at%203.29.12%20PM.png) Lafarge Holcim Use Case ## Octacom integrates with your existing ecosystem to accelerate and automate your accounts receivable processes. Financial Accounting Systems Middleware Solutions External Service Providers Business Intelligence Software ## Explore the Services that form Octacom's Accounts Receivable Automation Solution: ![digital-mailroom](https://www.octacom.ca/hubfs/SBM-Icons/digital-mailroom.svg) ##### [Digital Mailroom Outsource daily management of document digitization and PO Box servicing. Explore more **](https://www.octacom.ca/digital-mailroom-outsourcing?hsLang=en-ca) ![scan-1](https://www.octacom.ca/hubfs/scan-1.svg) ##### [Document Scanning Streamline document accessibility with convenient, secure document imaging. Explore more **](https://www.octacom.ca/document-scanning?hsLang=en-ca) ![cloud](https://www.octacom.ca/hubfs/SBM-Icons/cloud.svg) ##### [Odiss Software Cloud-based document and data management software: a centralized portal and long-term archive. Explore more **](https://www.octacom.ca/odiss-software?hsLang=en-ca) ![integration](https://www.octacom.ca/hubfs/integration.svg) ##### [Integration Enable inbound and outbound data transfer with on-premises and cloud applications. Explore more **](https://www.octacom.ca/complete-integration?hsLang=en-ca) ## Explore Octacom’s Resources [![](https://www.octacom.ca/hubfs/The%20Benefits%20to%20Outsourcing%20and%20Automating%20Imaging%20and%20Data%20Capture%20Services.png) blog ### Benefits to Outsourcing & Automating Imaging and Data Capture Services ](https://blog.octacom.ca/benefits-of-outsourcing-and-automating-imaging-services/?hsLang=en-ca) [![Person working in warehouse with hardhat and clipboard](https://www.octacom.ca/hubfs/Industry-Transportation_371020415-1-360x238.jpg) case study ### VCNA: Proof of Delivery & Accounts Receivable Automation ](https://www.octacom.ca/case-studies/accounts-receivable-vcna/?hsLang=en-ca) [![Two people sitting together on a dock](https://www.octacom.ca/hubfs/Screen%20Shot%202021-11-25%20at%202.40.10%20PM.png) case study ### Proof of Delivery Management ](https://www.octacom.ca/case-studies/proof-delivery-management-vitalaire/?hsLang=en-ca) [![Lafarge tanker truck](https://www.octacom.ca/hubfs/lafarge-truck-360x238.jpg) case study ### A Better Solution for Proof of Delivery Documents ](https://www.octacom.ca/case-studies/proof-delivery-lafarge/?hsLang=en-ca) [![Two people shaking hands](https://www.octacom.ca/hubfs/Resized-Image-1.png) case study ### Worldsource: Cloud Document Management ](https://www.octacom.ca/case-studies/workflow-cloud-solutions-worldsource-financial/?hsLang=en-ca) ## Schedule a consultation to learn how to streamline, automate, and eliminate business process inefficiencies. 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