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.
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.
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.
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
Import accounts receivable data using an automated seamless integration between Octacom and your existing ERP system or accounting software.
Automate delivery of digital invoices or POD documents using Octacom, thereby accelerating your cash flow.
Confirm receipt of invoices through electronic delivery methods, including EDI. Maintain historical AR information in one central, secure archive.
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.
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.
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.
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.
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