Arrears

Are you tired of chasing payments and dealing with overdue invoices? Join us for a live webinar where we'll explore ways to empower you to navigate client payment conversations with confidence. Join us on March 1st at 11 am PST with the creator of Collect the Cash Dee Bowden and Arrears COO Jared Souter. 📅 Date & Time: March 1st, 11 am PST 📍 Platform: LinkedIn #webinar #getpaid #saas #b2b #invoice #payments #accountsreceivable #accountspayable #innovation #client #technology #webinars

This season, we’re especially grateful for our clients, partners, and team members who make our mission possible. Together, we’ve achieved so much this year, and we’re ready to carry that momentum into 2025! Whether you’re planning for the future or looking for solutions today, Arrears is here to support you every step of the way. Let’s tackle challenges together and create opportunities for a brighter tomorrow. #grateful #AIdrivensolutions #FinTechAI #financialsolutions #AR

Looking forward to this partnership with the Arrears team

At PayEngine, we believe in the power of partnerships. 🤝 PayEngine is thrilled to announce a strategic partnership with Arrears, Inc., an innovator in AI-powered accounts receivable (AR) solutions. Together, we're set to enhance operational efficiencies and improve cash flow management for businesses. We're looking forward to a successful collaboration with Arrears and the innovative solutions we'll bring to the market together. A special thanks to Adi P. for playing a pivotal role in making this partnership a reality. 👏

10 ACCOUNTS RECEIVABLE MANAGEMENT FACTS FOR THE CFO Dealing with accounts receivable can be frustrating. Especially if you’re continually running into issues with customers taking far too long to pay. One thing is for sure from these accounts receivable statistics, you’re definitely not alone in your struggle. One way to avoid all the issues below is by considering an accounts receivable SaaS to automate invoice origination and communication processes connected to payments rails. 1. 39% of invoices are paid late in the United States. 2. 48% of customers delay payments. 3. 52% of businesses are asked for extended terms. 4. On average, most businesses offer customers 28 day credit terms but average days sales outstanding is 67. 5. Businesses in the Americas lose 51.9% of the value of their B2B receivables that are not paid within 90 days of the due date. 6. Invalid or incorrect purchase order information leads to 49% of disputes. 7. 11% of customers never received their invoice. 8. 27% of financial executives stated that customers didn’t pay on time because they either didn’t have the money or they were unable to contact the customer to resolve the issue (CFO.com survey). 9. According to Credit Today, only 20% of credit departments have formalized credit and collections policies and of that small percentage: - 19% said they update their manual every two years.. - 15% reported they only change their when they need to. - 12% said “other” which really makes you wonder then the last time they updated theirs was. 10. 48% of SMBs in the B2B sector rely on limited functionality in accounting or ERP system to manage credit and collections. For more information and a better process in invoice origination and payments Arrears offering lightening fast integrations with with: QuickBooks, FreshBooks, Xero, Stripe, NetSuite, CRM Systems, and more. https://lnkd.in/gHakK4JE

What's a vision we @ Arrears see for our customers, that they don't see for themselves? "Transforming Accounts Receivable into a Strategic Asset!" At Arrears, we envision accounts receivable management as not just a back-office function but a strategic asset that drives business growth and financial stability. We see opportunities for our customers that go beyond mere invoice management and payment collection: AI-Driven Insights and Automation: What Customers See: A complex, time-consuming AR process that requires manual intervention and constant oversight. What We See: A streamlined, automated AR system powered by AI that not only reduces manual effort but also provides predictive insights, allowing businesses to anticipate cash flow issues and take proactive measures. Enhanced Customer Relationships: What Customers See: AR as a necessary but often strained part of customer relationships. What We See: An opportunity to turn AR interactions into positive touchpoints that enhance customer satisfaction and loyalty through timely, personalized communications and flexible payment options. Integrated Financial Ecosystem: What Customers See: Disparate systems and processes that make data management and financial oversight challenging. What We See: A seamlessly integrated financial ecosystem where AR data flows effortlessly between accounting, CRM, and payment systems, providing a unified view of the business’s financial health. Scalability and Growth: What Customers See: AR processes that may be sufficient for their current size but could become bottlenecks as they grow. What We See: Scalable AR solutions that grow with their business, providing the infrastructure and flexibility needed to handle increased volume and complexity without compromising efficiency. Empowered Decision-Making: What Customers See: Limited visibility into AR metrics, leading to reactive rather than proactive management. What We See: Empowered decision-makers who leverage real-time analytics and reporting to make informed, strategic decisions that optimize cash flow and enhance overall financial performance. By partnering with Arrears, our customers experience a transformative shift in how they manage their receivables. They’ll move from reactive, manual processes to a proactive, automated approach that not only improves efficiency but also drives business growth, enhances customer relationships, and provides a strategic advantage in their financial operations.

We're thrilled to announce the launch of our full-service management at Arrears! Our team can now take care of everything, ensuring seamless integration and management so you can focus on what you do best. Let us handle the complexities while you enjoy the efficiency and accuracy of automated AR processes. Ready to elevate your business? Get in touch to learn more: www.arrears.com #innovation #technology #payments #AR #invoice #management #startups

If you are attending CogX Festival tomorrow, make sure to stop by our booth! Let's chat, learn, and team up to push our mission forward. See you there! Visit our website to learn more: www.arrears.com #technology #innovation #fintech #saas #payments #losangeles

Imagine a world where you and your team can focus on innovation and strategic thinking instead of mundane tasks. Arrears AR automation solutions can turn that dream into a reality by helping you streamline financial operations, enhance accuracy, increase client satisfaction, empower your employees, and improve adaptability. Check out our blog on AR automation here: https://lnkd.in/gqqaWYej #invoice #automation #innovation #technology #startup #fintech

Join the ranks of successful businesses that have embraced accounts receivable automation and experienced improvements in efficiency and profitability. With Arrears, you can unlock the full potential of your AR process and take your business to new heights. www.arrears.com #smallbusiness #smb #automation #ai #accountsreceivable #payments #invoices #saas