Billtrust

Step 1: Configure bank and payment gateway integrations.

Step 2: Set up AI-powered cash application rules.

Step 3: Automatically match incoming payments to open invoices.

Step 4: Review and approve any exceptions.

Step 1: Integrate with credit reporting agencies.

Step 2: Configure AI-powered credit scoring models.

Step 3: Automatically assess credit risk for new and existing customers.

Step 4: Set appropriate credit limits.

Step 1: Define collections workflow rules based on invoice aging.

Step 2: Set up automated email and SMS reminders.

Step 3: Escalate delinquent accounts to collections agents.

Step 4: Track collections performance and identify areas for improvement.

Step 1: Configure invoice delivery preferences (e.g., email, EDI, portal).

Step 2: Automatically generate and send invoices upon order fulfillment.

Step 3: Track invoice delivery status and resend failed invoices.

Step 4: Provide customers with online access to their invoices.

Step 1: Implement a user-friendly online payment portal.

Step 2: Offer multiple payment methods (e.g., credit cards, ACH, digital wallets).

Step 3: Provide customers with real-time invoice and payment information.

Step 4: Send automated payment reminders and confirmations.