Accounts receivable automation (AR automation) refers to the use of intelligent systems to streamline the end-to-end process of tracking, reconciling, and collecting customer payments. Instead of relying on spreadsheets, manual bank checks, or email follow-ups, AR automation centralizes all receivables workflows, from invoice monitoring to payment matching, to improve cash flow visibility and reduce late or missing payments.
In a manual AR workflow, finance teams must verify which invoices have been paid, identify partial settlements, reconcile bank transactions with ERP data, and follow up with customers when payments are overdue. This process is often slow, error-prone, and heavily dependent on individuals.
With AR automation, these tasks are handled by intelligent engines capable of reading payment information, matching it to open invoices, detecting inconsistencies, and triggering alerts when something is missing.
Phacet brings AR automation to a higher standard through AI agents equipped with reconciliation, extraction, and anomaly detection capabilities. For example, the customer cash-in reconciliation workflow automatically matches incoming bank transactions with expected payments, flags discrepancies, and highlights unpaid or partially paid invoices. This gives finance teams real-time clarity on their cash position and reduces the operational burden of tracking receivables manually.
Phacet also enables structured, audit-ready data for downstream reporting and forecasting. Each payment match, suggestion, or exception can be traced back to its original source, ensuring transparency and compliance. Combined with human-in-the-loop supervision, AR teams maintain full control while benefiting from accelerated processing and higher accuracy.
By adopting AR automation, companies reduce days sales outstanding (DSO), improve liquidity management, and strengthen their financial discipline. With Phacet’s AI-driven approach, accounts receivable becomes not just a control function, but a strategic lever for healthier, more predictable cash flow.
