Accounts Receivable Software
Automate accounts receivable. Get paid faster.
Integrates with:
How it works
1.Process sales orders & auto-generate invoices
Auto-create branded invoices with our bi-directional CRM integrations that sync data to Maxio. Send invoices to customers with 1-click payment options.
2.Leverage custom dunning & collection cadences
Automatically or manually follow up on outstanding invoices with a powerful dunning feature set. Ensure invoices never fall through the cracks again.
3.Report on your collections efforts
Measure the success of your collections strategy with DSO and AR aging reports. Instantly visualize metrics and inform strategy with data.
Benefits
Reduce your A/R balance
No more time-consuming invoice processing. Generate monthly statements, auto-categorize invoices, and add context with collections notes. All in one financial management solution.
Drive down Days Sales Outstanding (DSO)
Need to reduce DSO without hurting the customer experience? Our software solution provides pre-built payment reminder templates & automated escalation paths to handle any collections scenario.
Generate, view, and prioritize invoices
Automatically generate monthly statements. Organize and track every invoice by status. Add context to invoices with collections notes.
Automate sales tax compliance
Integrate with Avalara’s AvaTax. Bulk or individually validate business addresses. Automate tax calculations based on local tax codes. Sync sales tax line items with your GL or CRM.
Offer payment options
Send invoices with built-in online payment options and seamless payment processing. Accept credit cards, ACH, and multi-currency transactions.
Get instant insights
Get full visibility into your collections process with intuitive dashboards. Track AR aging, DSO, and late payments. Monitor accounts payable trends & generate forecasts. Stay ahead of cash flow challenges.
Sync data across your finance tech stack
Built to support scaling B2B SaaS companies
Grow internationally
Handle global transactions with multi-currency support. Report real time FX gain and loss. GAAP and IFRS-compliant FX reports.
Support complex parent-child billing
Get flexible invoicing capabilities without sacrificing accurate sales tax calculations or reporting visibility. Report revenue and create metrics on the parent or child level. Create consolidated invoices with total flexibility on payment options.
Automate retries & dunning
Easily retry failed credit card and ACH payments. Automate reminders. Or build your own retry and dunning flows in minutes.
Set retry frequency, cancellation thresholds, etc. Customize dunning strategies for automatic & remitted payments, credit & ACH payment methods, and prepaid subscriptions. Reclaim more revenue.
Customer reviews
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89% less time on
AR reporting“In the past, it took 2-3 weeks to report on AR numbers. Now we get numbers very quickly. It’s become the single source of truth for our AR reporting.”
Jean-Thomas Cock
Head of Finance parcelLab
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1 PLATFORM FOR
INVOICING & REPORTING“Our ability to collect on outstanding invoices has improved significantly. The amount of time it takes has dropped. Saves our collections team so much time.”
Gabrielle Lucero
Revenue Manager Limble Solutions, INC
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80% Faster
AR time“Prior to Maxio, we would spend, 5 hours per week on AR. After e-invoicing and cadences, we only spend 1 hour on the collections and invoicing process.”
Charles Dye
VP of Finance Blue Ridge Solutions
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250% growth in
ARR“Provides us with SaaS-based metrics at the push of a button. Our team is able to report on flash bookings within two days of the end of the month.”
Antonietta Ciccone
Dir. Corp. Revenue Accounting Extensiv
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“I recommend Maxio to everyone I know starting a SaaS company. Build out billing systems right the first time, so you don’t have to change later!”
Bethany Stachenfeld
Co-founder and CEO Sendspark
Accounts receivable automation software FAQs
Accounts receivable (AR) automation software is an accounting solution that streamlines the A/R process for finance teams. This type of software automates invoicing, payment reminders, cash application, and other critical A/R tasks. A/R automation also provides accurate visibility into receivables aging and customer communications.
In terms of pricing, A/R automation software varies based on features offered and number of users supported. Overall, A/R automation software saves finance teams time on routine A/R duties so they can focus on more strategic initiatives.
Small businesses and enterprise companies alike can track accounts receivable and the A/R process through proper bookkeeping and setting up reliable accounting systems. Maintaining organized records of customer invoices, payments, credits, and aging summaries provides visibility into the full receivable process.
An accounts receivable aging report outlines unpaid customer invoices by time periods, highlighting slow payments. For a detailed guide on managing accounts receivable aging as a small business, check out our accounts receivable aging guide. This resource explains how to run A/R aging reports and use them to improve your receivable process.
There are a few key ways companies can collect accounts receivable faster. For example, implementing a customer portal with invoice tracking can help customers see balances and pay online. Cloud-based A/R automation software connected to the general ledger can also expedite cash application and reduce bad debt.
Your Controller should then analyze accounts receivable aging reports to identify where bottlenecks occur in the collections process. Setting clear credit terms and following up on past due accounts also keeps cash flow healthy. Overall, A/R automation, online payments, and proactive collections optimize how quickly businesses collect what they’re owed.
Maxio’s advanced accounts receivable management software streamlines accounts receivable management by automating customer payments and collections management.
It allows users to customize invoicing, implement automated dunning processes to recover past due payments, and manage customer accounts efficiently. These features help businesses reduce the time and effort spent on manual collections and improve cash flow.
Maxio’s integrations include key accounting and ERP systems like QuickBooks, NetSuite, Sage Intacct, and Xero. Our platform also integrates with popular CRM systems to enhance your customer relationship management and streamline the order-to-cash process. Maxio’s robust APIs facilitate seamless connectivity with various software solutions, ensuring efficient data flow and streamlined operations across your business ecosystem.
#1 billing and finance platform for B2B SaaS
Get a customized demo to see why Maxio is the best accounts receivable software to help you:
- Streamline your order-to-cash process
- Reduce churn and stop revenue leakage
- Get cash in the door faster
- Drive strategic decisions with real-time SaaS metrics & analytics
See what Maxio can do
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