--- title: Digitizing the Accounts Receivable Process description: Machen McChesney provides business owners with five benefits to automate the accounts receivable process. image: https://info.machen.cpa/hubfs/Accounts%20Receivable-1290830048-1.jpeg --- [Family of Services](http://machenmcchesney.com/about-us/family-of-companies/)  |  [CPA & Business Advisory](http://machenmcchesney.com)  |  [Payroll, HR & Benefits](http://focuspaysolutions.com/)  |  [Wealth Management](http://machenmcchesney.com/services/financial-planning-and-wealth-mangement-services/) Auburn-Opelika (334) 887-7022 | Montgomery (334) 244-8900 [![mm-cobrand-fd-blues](https://info.machen.cpa/hs-fs/hubfs/mm-cobrand-fd-blues.png?width=279&height=100&name=mm-cobrand-fd-blues.png)](http://machenmcchesney.com) Search this site on Google Search Google Search this site on Google Search Google - [Client Portal](https://machenmcchesney.sharefile.com/Authentication/Login) - [1040 Electronic Organizer](https://www.my1040data.com/account/login/HT7902990) - 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Businesses that automate the accounts receivable process may accomplish several operational and financial goals. Here are five key benefits that organizations can unlock when they “go digital.” **1. Manual processing is minimized; efficiency is maximized** Generating a paper invoice is a laborious process, especially when there’s a digital alternative. Instead of creating, printing, and mailing an invoice, organizations can autogenerate electronic invoices and e-reminders for overdue payments. This reduces the administrative burden considerably. Plus, e-billing saves on office supplies such as paper, envelopes, and stamps. **2. The payment process is faster** Digitalization streamlines the cash conversion cycle. The accounting department doesn’t need to spend time mailing paper invoices and late notices. Instead, staff can be reassigned from administrative tasks to value-added ones, such as budgeting, forecasting, and cash management. On the flip side, customers that pay electronically — or set up an autopay option — don’t need to waste time cutting a check. Plus, the recipient of an e-invoice may be more likely to pay quickly to capture discounts or merely remove the payment from their to-do list. **3. Customers can use their preferred payment method** Instead of forcing customers to issue paper checks, they can make payments using digital payment options, including credit cards, ACH, or wire transfers. Businesses that sell directly to consumers may also accept payment via PayPal, Venmo, or other digital payment apps. These alternatives may incur lower fees than those charged by credit card companies. **4. Customer loyalty may grow** Organizations that facilitate digital payment are easier to do business with. Reducing customers’ administrative burdens can, in turn, increase customer loyalty. It can also remove the potential for conflict that may result when payments go missing or arrive late. **5. The potential for fraud decreases** Paper checks may be susceptible to fraud. Digitalization removes the need to store and mail paper checks, mitigating the potential for employee fraud. And because there’s no longer a need to mail checks, it prevents the interception of checks by a third party. **We can help** Contact us for help digitalizing your accounts receivable process. 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