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Payference AI-Driven Cash Flow & Collections Management

Status: Unverified

Payference empowers finance departments and improves the lives of finance and accounting professionals. Payference’s AI-driven technology enables companies to better forecast cash flow and automate AR processes. Payference enriches NetSuite users with real-time, dynamic cash forecasting and cash flow optimization.

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Description

Forecast and optimize cash

Through seamless integrations with NetSuite and your bank accounts, Payference provides a holistic and real-time view of your business in terms of cash flows now — and in the future.

Forecast and optimize cash: Payference’s unique proprietary technology increases forecasting accuracy of cash flow from receivables and payables and also makes recommendations on ways to optimize cash, DSO, and DPO.

Collaborate: Easy to collaborate with different teams and stakeholders while managing cash flow.

Automate: Automatically forecast cash flow and do goal-based scenario modeling. Easily manage your receivables using Payference’s automated workflow for collections.

Key Benefits

Gain Real-Time Cash Visibility for the present and the future.

Optimize Your Cash Position with the utilization of machine learning.

Reduce Unknowns with actionable analytics and reporting.

Improve Productivity with finance team focused on high-value functions.

Easy to deploy

No IT implementation needed.

Seamless integration with NetSuite, Payference is up and running in hours.

Install our Payference bundle in just a few simple steps.

FEATURES

Real-time, dynamic cash forecasting using AI/ML

Payference gives visibility into cash position now -- and in the future -- to drive key decisions. Payference pulls important financial data into one place by integrating seamlessly with both NetSuite and bank accounts.

Receivables management

Payference's AI-powered collection intelligence offering provides a consistent, proactive, and automated approach to managing receivables.

AR automation

Payference helps improve DSO by automating the collections processes. Payference applies machine learning to accurately forecast expected payments and uses custom workflows to drive collections closer to terms.

Payables management

Using machine learning and proprietary algorithms, Payference helps you prioritize payables and optimize payment methods.

Working capital insights

Payference identifies leading indicators for working capital, shows trends across various parameters and provides recommendations. You can drill down across any data dimensions with visuals and charts.