Boosting Efficiency & Task Prioritization with AR Automation: How Inebura Leads the Way

 Efficiency and task prioritization are key to financial success, and Inebura’s AR automation helps businesses achieve both. By automating payment tracking, invoicing, and follow-ups, Inebura minimizes errors, accelerates cash flow, and ensures teams focus on high-priority tasks.



Adding layers of "to-do" tasks or actions to an AR Automation Platform such as Inebura, can help ensure efficiency, prioritization tasks, and most importantly reduce costs. Here's how you can integrate these actionable layers:

1. Reduced Manual Labor

To Dos:

  • Setting Up of Automation Rules: Inebura can be configured to ingest data for automatic data entry and posting
  • Automate Invoice Scheduling: Use automated tools to schedule recurring invoices and follow-ups, reducing manual intervention with documents that can be configured at a customer level
  • Monitor and Adjust Automation Settings: You need to just review the settings and performance of automated tasks once in a while to ensure they are running optimally and make adjustments to improve efficiency.
  • Cost Reduction Impact: Reducing manual checks, refining automation settings, and proactive scheduling ensures fewer errors and lower labour costs.

2. Lower Error Rates

To Dos:

  • Inbuilt Data Validation Checks: Inebura already has automated checks to validate data before they are ingested into the system or for that matter if invoices are sent out (e.g., matching purchase orders and contract details with invoices).
  • Periodic Review of Automation Logs: Inebura allows you to review logs for any discrepancies caught by the system, ensuring issues are corrected before they become larger problems.
  • Integrating Machine Learning for Pattern Recognition: Inebura uses machine learning to recognize patterns of errors and suggest corrections or improvements over time.
  • Cost Reduction Impact: Inbuilt validation and automated pattern recognition can significantly cut down on costly mistakes and minimize disputes, saving time and money.

3. Faster Payment Cycles

To Dos:

  • Automate Reminders and Follow-up Workflows: Inebura already has pre-configured as well as customisable automated reminders that escalate depending on the payment status (e.g., friendly reminders, late payment notices, final reminders).
  • Implement Auto Payment Options: Inebura provides customers with the option to set up autopayments for recurring invoices, speeding up the payment process in its self-serve platform.
  • Cost Reduction Impact: Automated workflows reduce the time staff spends on follow-ups and help speed up cash inflows, decreasing borrowing costs and improving cash flow management.

Read Full Article: https://inebura.com/blog/how-does-an-ar-automation-platform-like-inebura-help-in-ensuring-efficiency-prioritization-of-tasks-reducing-costs

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