NewgenONE Platform for
Accounts Receivable Automation Software
Enhance your accounts receivables offerings with AI-led automation that ensures real-time visibility, dynamic case management, automated segregation, and seamless integration for efficient collections and financial decision-making.
Get a holistic view of your accounts receivables and complete visibility into the status of declined, outstanding, one-time, and recurring payments. By leveraging the accounts receivable solution, built on NewgenONE, you can conveniently access the customers’ information and details of their respective invoices. Enable your business users to capture any customer-stated reason for late submission of invoices and easily add a remark specifying the next committed payment date. Leverage the case management feature to dynamically create and assign tasks based on customers’ actions. Standardize all transactions while giving single-click access to collections’ information, sourced directly from core financial systems. Auto-segregate receivables, along with the supporting artefacts, based on aging; archives complete information into a centralized repository.
Features of Newgen Accounts Receivable Automation Software
Collections and Dunning
Auto-assigning invoices to respective collection agent through AI
Detailed invoice analysis using GenAI
Options to hold/extend the payment period for the invoices based on customers’ request
Auto classification/triggering of invoices
Instant generation of collections summary through GenAI
Dynamic task assignment to users from different departments—insurance, legal, etc.
Robust integration with third-party systems
Customer Management
Easy-to-use self-service portal for customers/partners to submit onboarding requests
Configurable business validation rules using GenAI to avoid fraudulent requests
Options for a customer to submit their update requests on the customer portal
AI-led dynamic routing of approvals
Real-time integration with ERPs
Exception handling and auditing
Continuous monitoring and alerts with AI
e-Invoicing
Send the government-validated invoice to your customers via their preferred channels, including email, customer portal, etc
Convert invoice data into formats, such as JSON and XML, that are compliant with local regulations
Digitally sign and submit invoices to the Electronic Invoicing System (EIS) via API
Generate printable invoice templates with embedded QR codes for easy verification and record-keeping
Enjoy peace of mind with secure, centralized archiving for all your e-invoices, ensuring full audit-readiness
Monitor the status of every invoice through built-in dashboards and maintain a detailed audit trail for complete transparency
Brands using NewgenONE Platform
