Chaser, the global credit control automation platform and service provider, today announced its integration with Oracle Netsuite® Software (“Netsuite”), a cloud-based enterprise software company that provides products and services tailored for small and medium-sized businesses including accounting and financial management. This new integration makes it efficient and cost-effective for organizations using Netsuite to automate their accounts receivable and credit management process.
NetSuite users can seamlessly connect their system to Chaser, gaining access to streamlined accounts receivables management. They can then use intelligent automation that facilitates invoice payment chasing across various channels including email, SMS, and phone calls, while leveraging AI-driven recommended chasing time to optimize the timing of these follow-ups. Additionally, users benefit from AI-powered predictive analytics, which provides valuable insights into when an invoice is going to be paid and its likelihood of successful payment completion. This integration ensures secure data transfer between both systems, eliminating the need for manual data transfers and enabling automated invoice chasing, ultimately leading to a reduction in late payments.
Businesses that use accounts receivables automation are three times more likely to get paid before their invoice due date (The late payment report, 2022). Furthermore, Chaser users were able to recover over $5 billion in late payments last year by adopting a proactive approach with the help of receivables automation.
“As we continue to witness the global challenges posed by late payments, we are proud to unveil Chaser’s latest integration with Netsuite,” said Sonia Dorais, CEO of Chaser. “This integration not only streamlines processes but also brings tangible benefits to organizations, enabling them to automate invoice chasing and mitigate the risks associated with late payments. By leveraging technology to enhance efficiency, we aim to support businesses in achieving their financial goals while fostering sustainable growth.”
By integrating Netsuite with Chaser, companies can effectively reduce the buildup of bad debts, mitigate the risk of cash flow issues caused by late payments, and continue to grow their business. Chaser remains dedicated to providing innovative solutions that drive tangible results and help businesses reach their financial goals effectively as it strives to reach its overarching mission of helping businesses worldwide reduce late payments.
To learn more about automating invoice chasing with Chaser and NetSuite, find out more here, or try it for free here.
Chaser will be exhibiting at Accountex London on the 15-16 May 2024 at ExCeL.
