Skip to content
A list of New Year's resolutions that includes adding accounting automation.
Bill360Jan 11, 2024 9:00:00 AM4 min read

5 New Year’s Resolutions That Will Stick with Accounting Automation

5 New Year’s Resolutions That Will Stick with Accounting Automation
4:50

If you’re a B2B company looking to make changes in 2025, accounting automation provides the innovation and tools to make your financial resolutions come to fruition.

Declaring a New Year’s resolution is easy, which is why nearly 40% of people do it, according to Driver Research.   

Making one stick? Therein lies the challenge: Less than 10% of Americans commit to their resolutions throughout the year.

Here are five New Year’s resolutions that are attainable through automating your AR (accounts receivable) process:  

1. Reduce DSO

You’re tired of waiting around for late payments, especially when you can use that money to modernize equipment or add more talented staff. Such is life when you’re hamstrung by high Days Sales Outstanding (DSO), which is the amount of time it takes a business to get paid for goods or services. A high DSO not only suppresses cash flow, but it makes for a stressful office environment and convolutes an already complex AR process. 

Through features such as e-invoicing, automated workflows that send out customized payment alerts, and AutoPay, accounting automation from Bill360 makes it easier than ever for you to collect prompt payments from customers and lower your DSO. Not only will this generate more money for you to put into your business but lowering DSO eases stress and enables you to better predict your revenue, leading to sound, well-informed financial decisions. 

2. Make fewer accounting mistakes

Errors tend to happen when your AR process is carried out manually. Customers may get charged for the wrong product. Invoices may get sent to the wrong customers or may never reach their intended target if a seller’s name is spelled incorrectly or an envelope is mislabeled. 

Automating the AR process, however, helps eliminate mistakes by automatically linking customers to their specific invoice and reconciling paid invoices. That way, you get paid on time and keep in your customer’s good graces. 

3. Make better use of employees' time  

You put together a team of employees best suited to take your B2B company to the next level. You didn’t envision them spending hours of their week stuffing invoices into envelopes and filing cabinets or chasing down late-paying customers. 

Thanks to AR automation, they won’t have to. Bill360 features batch invoicing that enables you to send multiple invoices at once rather than one at a time. We also feature auto reconciliation, which ensures invoices are accurately matched up with payments. Bill360 saves you up to 16 hours a week by automating time-consuming accounting tasks and frees your team to better serve customers.

4. Build stronger customer relationships

Growing your customer base is a good thing. However, the one caveat is that the more customers you bring on, the less time you get to interact with each one or the longer it may take you to solve a specific issue. 

AR automation brings you closer to customers and helps humanize relationships through robust collaboration tools such as customer portals and other features that enable you to send customized notes, payment reminders, and alerts with the click of a button. And real-time payment tracking notifies you whenever a typically prompt customer’s payment is overdue, giving you a chance to proactively reach out and offer any assistance.  

5. Offer faster, more secure payment options

Continuing to accept checks doesn’t just slow down the payment process, but it makes you and your customers vulnerable to check fraud, which has become the most common form of financial deceit.  

AR automation makes it easier to process payments through the Automated Clearing House (ACH) network and credit and debit cards, options that are fast, simple, and secure, ensuring payments arrive on time and your customer’s financial data isn’t compromised. ACH processing costs are also the lowest among all payment options and include transaction fees that are flat and predictable. 

Ring in the New Year with Bill360

Bill360 is the first payment platform created for B2B companies like yours. Our all-in-one platform handles features e-invoicing, auto reconciliation, and payment processing for credit cards and ACH, getting you paid an average of 36% faster than your current AR process.

Use our free DSO Savings & Cash Flow Calculator to learn exactly how much time and money Bill360 will save you in 2026 and beyond.

FAQ

Will AR automation work with my existing accounting software?

Bill360 doesn't replace your current software. Rather, it syncs with QuickBooks® and Xero® and enhances those programs by providing features you won't find anywhere else.

How do I know which accounting automation platform works for me?

Check out Bill360's Software Evaluation Toolkit that includes interactive checklists and worksheets, as well as a step-by-step process that shows you how to choose the platform that best suits your B2B.

Is accounting automation easy to use?

The right platform, such as Bill360, requires minimal training. And we're backed by an in-house, U.S.-based, full-time support team that's by your side from onboarding right through daily use.

Related articles