Accounts Receivable Software

Intelligent System for AR Management

Introduction

India has one of the highest rates of past-due invoices with over 96% companies reporting late payments. Mynd ARISE is a comprehensive Account Receivable automation tool that automates the entire Order to Cash process for businesses, helping them improve cashflows while reducing DSO (Daily Sales Outstanding), reduce bad debt expense, boost operating margins and help the businesses establish robust internal controls.

Accounts Receivable Software

Success Formula

1
Features
  • Customer Contract and Master Data Management
  • Billing Input Management
  • Automated Collection and Recovery Notification
  • MIS and Dashboard
  • Forecasting
2
Benefits
  • Increase Cashflow and Lower DSO
  • Reduce Bad Debt Expense
  • Boost Operating Margin
  • Robust Internal Control
3
Results

Faster and Efficient Collections Every time

Features of ARISE

ARISE transforms end-to-end accounts receivables management, improving cash flows, reducing the past-due receivables and helping identify leakages in revenue and filling up the gaps. A highly customizable tool that help CFOs achieve higher levels of accuracy, compliance and productivity throughout the invoice life cycle and enables better cash flow projections and management.

Database creation on Accounts Receivable Software
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Customer Contract and
Master Data Management

  • Customer Database creation
  • Synchronize CMD to-from your ERP
  • Matching of customer records between ERP and Arise
  • Contract Tracking for expiration date, value and line of service
  • Indexing of contracts for easy access and reference
  • Customer Group View Available for consolidation
  • Intelligent system to removes duplicate records and list incomplete records
Billing Input Management on Accounts Receivable Software
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Timely Renewal and Approval notifications linked to escalation workflow Billing Input Management

  • Enhanced billing accuracy and better tracking Plug revenue leakages and meet timelines
  • Improves visibility to management by providing the required slicing and dicing of data
  • Track Billing Inputs from various sources
  • Automated Queue generation for Project Manager and Finance Team
  • Built in Escalation matrix for delays in billing input or billing
  • Track Projected Billing vs Actuals
  • Deviations from the planned billing reported as exceptions and workflow initiated for 2nd level approvals
Collection and Recovery on Accounts Receivable Automation
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Automated Collection and Recovery

  • Intuitive collections tool including customer classification, AR categorization, performance management and dispute management.
  • Predictive Analytics to view of bad/good payers for timely course correction
  • Accurate Cash Projection - Forecasting based on Payment history
  • Delegation of customer account for operational continuity and smoother transitions
  • Ease of assigning collectors and collections targets on the basis of overall company goal for the month/quarter
  • Ready Portal for Sales Team View and Invoice Download
  • Better Control Real Time Status of every Invoice
Accounts Receivable Software
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Exclude/Include Accounts for Collections Follow-up MIS and Dashboard

  • Identify, categorize, track, report, workflow, escalate, and close customer exceptions
  • Single view comprehensive dashboard
  • Individual report generation for every process
  • Widgets to view specific attributes of collection
  • Individual report generation for every process
Accounts Receivable Software workflow and alerts
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Workflows and notification

  • Maker & Checker concept for validationof values as per the defined hierarchy
  • Flow of Information to 2nd level to ensure data accuracy and capture complete information
  • Notification messages for suitable action and share info within the defined SLA & TAT matrix
  • Notification and Queue for Dunning for efficient collections and identify missed dunning case
  • Notification for Billing Discrepancy
  • Auto notification to customer for timely payment

Specific Measurable Results

Tangible & quantifiable benefits of implementing Arise

Our Clients

Testimonials

What clients say

Country Head HR

of a US based MNC that produces test and measurement equipment and software

“This is in appreciation of our association with Mynd Integrated Solution Pvt. Ltd. As a recipient of their Payroll Processing services along with Leave & Attendance administration (through SaaS based HRIS tool). We would like to place our recommendation for employing Mynd Integrated Solutions Pvt Limited as your service provider.”

General Manager HR

of a non-for profit company incorporated in 2002 by the Government of India and NASSCOM

“Mynd Integrated Solutions Pvt Limited handles the Payroll Administration and provide HRIS software for our 650 plus employees spread across locations PAN India. We wish to recognize Mynd Integrated Solutions Pvt Limited as a value adding service provider for us; and would like to place our recommendation for employing Mynd Integrated Solutions Pvt Limited as your service provider for managing payroll and it’s related functions.”

Chief Financial Officer

A Leading Indian Telecom Infrastructure Industry

Mynd Integrated Solutions Pvt Limited is providing Satisfactory Services for our Project in the following areas- Automated Employee Lifecycle thru Employee Information Portal, Leave and Attendance Module, Travel and Expense Management, Compensation & Retirals Benefit Administration and Help Desk along with Defining Process Flows for Leave and Attendance, Travel and Expense Claim, Payroll Approvals in e HRIS application. Mynd has successfully implemented Vendor Business Process Management (Purchase to Pay Application) on VBPM Application.

Manager HR & Admin

A Global Company offering English Language Testing Services

We appreciate the services of Mynd Integrated Solutions Pvt Limited on providing accurate and timely payroll. This includes TDS calculation, Statutory Compliances, IT return file, employee final settlements and understanding of our time to time MIS requirements.

FAQs

  • Product
  • Customer Service

ARISE by Mynd Integrated Solutions is a digital Order-to-Cash management platform that can help your business transform your Accounts Receivables process. With software and solutions that are efficient, simple to use and built for change, ARISE manages all aspects of your Order-to-Cash process by enabling simplification and speed.

  • Increase your organization’s Cash flow and lower DSOs
  • Reduce bad debt expense
  • Boost operating margin
  • Gives you robust internal controls for better AR Management

ARISE automates cash collection to expedite payments and proactively identifies the disputes which is made available for further action. ARISE monitors complete dunning process to ensure effort for realization and facilitate quick customer dispute resolution. The automated collection queues in ARISE ensures accurate first contact with the client. Robust internal controls in ARISE helps you with credit risk management and gives you risk alerts at various levels. This makes sure that 100% of the invoices are touched.

Yes, you can get a free demo of ARISE will all the functionalities. Just send us a query and we will get back to you in no time.

ARISE is a 100% customizable tool which suits your need and fits perfectly into your world. You may pick and choose the features and modules you wish to have in your system.

ARISE can be integrated with any legacy ERP system.

ARISE has a very user friendly and simplified User Interface designed in a way that you make payments on time. Mynd helps you train your AR team at the time of implementation to understand all the features and working of ARISE. Believe us it is not a rocket science.

The manual Collection follow up is set is less than 5 days. It takes 30-45 days to achieve complete integrations

We always keep our experts on standby mode, in case you have any issue you can connect with the SPOC assigned to you and get the issue sorted.

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