ReconAI
Our best-in-class AI Agent Invoice & Collection Management Solution
streamlines your Accounts Receivable Business Process
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What is ReconAI?
ReconAI is a ready-made Accounts Receivable AI Automation Solution that streamlines and manages the entire invoice-to-cash cycle, from generating invoices to final payment reconciliation. This digital transformation replaces manual, repetitive tasks with automated workflows, significantly reducing human error and improving efficiency. It also provides 5 key components such as Collection Capture through AI Capture, Payment Advise, Matching & Checking, Data library (EDRM), and an intuitive user console with security features.
Payment Advise
The electronically captured inputs such as Invoice Number, Invoice Amount, Date, etc.) are turned into a payment advice note in your financial system and is ready to link.
Matching & Checking & Clearing
AI match the payment advice to the customers open items and outstanding amount. AI also checks for matching payment to invoices; resulting in matches or no matches.
Document Library & Posting
Document Library, also known as EDRM, provides a single source point for e-filing, which ultimately helps with easy retrieval. This key feature also provide Auto Billing.
User Console
Our user console provides an easy interface to handle and view all transactions with security enhancement. With Agent Form, account creation is just steps away.
How ReconAI Works?
Stop wasting human potential on paper-pushing. Start your transformation by automating your Accounts Receivable Collection with AI to gain a competitive edge.
Why ReconAI?
Invoice Generation and Delivery: Invoices are automatically generated from sales order data using predefined templates and delivered to customers via their preferred channel (email, e-invoicing network, or customer portal) as soon as the sale is complete.
Automated Reminders and Follow-ups: The system tracks due dates and sends out a series of customizable reminders for upcoming or overdue payments, freeing AR teams from manual dunning processes.
Payment Processing and Cash Application: Automated systems facilitate various electronic payment options (ACH, credit cards, etc.) and use advanced algorithms (often with AI/ML) to automatically match incoming payments with the correct open invoices, posting the cash receipts to the ledger in real-time.
Improved Cash Flow
By accelerating the invoicing process and ensuring timely collections through automated reminders, businesses can significantly reduce their Days Sales Outstanding (DSO) and improve overall cash flow and liquidity.
Enhanced Efficiency & Productivity
Automation eliminates low-value, manual tasks like data entry and payment matching, allowing AR teams to focus on more strategic activities such as complex problem-solving, credit risk analysis, and high-value customer relationship management.
Increased Accuracy and Compliance:
Automation minimizes the risk of human errors, such as incorrect invoice amounts or misplaced payments. It also creates standardized, auditable digital records, which simplifies adherence to regulatory requirements and audit readiness.
Better Customer Experience
Customers benefit from timely, accurate invoices and convenient self-service payment options through online portals. This transparency and ease of payment reduce friction and prevent disputes, fostering stronger customer relationships.
Superior Financial Insights and Forecasting:
Real-time visibility into AR data, payment patterns, and performance metrics empowers finance leaders to make informed, data-driven decisions and generate more accurate cash flow forecasts
Use Cases and Key Fucntions
High-Volume Invoicing, Proactive Collections Management, Global Operations. Complex Order Matching. Dispute Resolution Steamlining
Why Choose Us?
Contact Us Now For A Demo
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