Axis Receivables Suite 4 APIs
Axis Receivables Suite (ARS) – is an innovative Cash Management proposition that simplifies Receivables reconciliation, accelerates cash flow, and reduces the cost of doing business. ARS is an end-to-end proposition, along with a mobile app to automate the reconciliation of receivables against sales invoices raised by corporates. Using ARS, corporates can customize and automate fully what has traditionally been a very time-consuming, costly, manual, and error-prone activity. Corporates also benefit from knowing their upcoming/pending payments and it gives real-time control over all their receivables.
Fully automated reconciliation using AI/ML
Pay for full or partial invoices
Advance payment options
Single payment across invoices
Choose various payment methods
Utilize Credit Notes & Dynamic Cash Discounting
Financing options or self-funding options available for payment
Apps/ Portals for customers + seamless payment experience
Supports invoice presentment, payment collection and reconciliation.
Reminders and Notifications to buyers
Real-time Dashboard gives control over all Receivables parameters.
Secured, event-driven & AI / ML-based reconciliation of open ledger and payment advice sent by buyers.
Reads structured and unstructured payment advice from buyers/dealers and auto reconciles with the bank statements and open ledger in ERP.