AUDITORIA.AI, the leader in AI-powered automation solutions for corporate finance teams, presented Auditoria SmartPay, an automated B2B payments offering, at SuiteWorld 2021. By combining artificial intelligence (AI) with financial process automation and payment processing, Auditoria SmartPay significantly expands Auditoria’s leadership in the finance automation market by providing organizations with a wide range of automated options for collecting payments from their customers.
“Cash performance is a top priority for companies today,” said Rohit Gupta, CEO and co-founder of Auditoria.AI. “Auditoria SmartPay has revolutionized how organizations collect payments – providing ongoing reductions in account receivable balances. Organizations will now have the ability to collect customer payments seamlessly and quickly while offering a best-in-class payment experience to enhance their cash positions. With Auditoria SmartPay and Autonomous Collections, CFOs and corporate finance teams have the ability to dramatically improve critical financial indicators including DSO and bad debt write-offs.”
In collaboration with Stripe and market-leading payment processing solutions, Auditoria SmartPay is a native extension for independent groups in Auditoria. Utilizing sophisticated machine learning algorithms, “autonomous groups” mine millions of bills to decipher patterns of impulse behavior, continuously and automatically. SmartPay greatly expands self-collection capabilities by simplifying and automating one of the most manual and time consuming aspects of the business process from order to cash.
SmartPay features and benefits include:
- Broad Payment Preferences: SmartPay gives organizations the ability to collect payments through a variety of payment methods, including partial payments, expedited payments, and flexible installments.
- Self Payment Processing: SmartPay provides independent capabilities to process payments on behalf of payers, dynamically apply payment history to invoices and ensure automatic settlement with enterprise resource planning (ERP) applications.
- Lower costs and fees: SmartPay reduces the total cost of payment processing while ensuring that there is no compromise in the end user experience.
- Safety and compliance best among breeds: SmartPay is fully secure and PCI compliant, leveraging state-of-the-art KYC and AML capabilities to provide a more convenient and flexible payment experience for customers.
“The collection function is one area of corporate finance that is notorious for being slow and tedious,” said R Ray Wang, CEO and founder of Constellation Research. Finance leaders seek end-to-end solutions that combine artificial intelligence and automation of collection and payments processes in a simple and engaging user experience designed for the digital independent enterprise. Nearly every finance team I speak to seeks payment offerings integrated into the business process for cash to streamline cash collection and posting processes while reclaiming thousands of hours wasted in manual back-office processing.”
Auditoria will present live demos of the Auditoria SmartPay in Suite 928 during Netsuite SuiteWorld 2021. At the Auditoria booth, SuiteWorld attendees will also have the opportunity to experience the power of finance automation for themselves via Auditoria SmartBots, meet with Auditoria experts to discuss new technologies to tackle financial back office challenges, and register to win a game Peloton Bike +, among other gifts. Attendees can also relax and recharge in SuiteWorld’s Auditoria, located on the balcony.
In addition to live demonstrations, Nick Ezzo, Vice President of Marketing at Auditoria, will present live and virtual sessions of Auditoria’s powerful technology, “Supercharge Oracle NetSuite with AI-Based SmartBots.” The live session will take place on Wednesday, October 20, 2021 at 3 PM PT. Register here to learn how applying technology to automate the routine, repetitive and tedious parts of the financial job frees teams to perform more impactful, higher-level business functions.
As a “Built for NetSuite” certified platform, Auditoria.AI increases the speed, accuracy, and efficiency of finance teams by using smart SmartBots to automate manual and time-consuming accounts payable and receivable processes. Designed for finance purpose, with next-generation advanced technology, Auditoria SmartBots integrate with registration systems and email boxes to act as an engagement system to simplify collections, add controls to procurement spending, improve vendor management, and handle help desk inquiries with automation. Auditoria integrates with industry-leading ERP and financial applications, including Bill.com, Oracle ERP Cloud, Oracle NetSuite, Sage Intacct, Workday, Stripe, and collaboration tools such as Microsoft 365 and Google Workspace.
Visit the Auditoria at booth 928 during SuiteWorld to see the Auditoria SmartBots in action, or schedule a demo today: https://info.auditoria.ai/request-a-demo
Auditoria is an AI-driven SaaS automation provider for corporate finance that automates back office processes that include tasks, analytics, and responses in vendor management, accounts payable, accounts receivable, and planning. By leveraging natural language processing, artificial intelligence, and machine learning, the Auditoria platform removes friction and repetition from ordinary tasks while also automating complex jobs. Corporate finance and accounting teams use Auditoria to accelerate business value while reducing significant IT involvement, improving business resilience, reducing attrition, and accelerating business insights. Give your finance teams super powers at Auditoria.ai.