Top 10 Accounts Payable and Receivable Consulting/Service Companies in Europe - 2020

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Top 10 Accounts Payable and Receivable Consulting/Service Companies in Europe - 2020

Accounts payable (AP) and accounts receivable (AR) are two processes that need to be constantly tracked for the smooth functioning of any business. AP and AR are responsible for tracking a company’s cash flow and are critical as it indicates the financial health of the business. Efficiently managing and tracking AP and AR is of utmost importance not only to assess the overall company performance, but also to help decision makers to make critical business decisions.

Typically, AP/AR solutions is used to perform accounting and financial functions and range from single-entry apps for check writing and bookkeeping to advanced double-entry systems that offer features such as inventory, fixed assets, invoicing, and more. These solutions automate routine tasks, eliminate manual errors, keep books accurate, and provide timely notifications to avoid penalties among other benefits. While some AP/AR solutions focus solely on automation, there are many that include these capabilities as part of broader or more comprehensive accounting suites. Moreover, while some AP/AR solutions most often integrate with more comprehensive accounting and ERP platforms, they are billed strictly as an add-on to these broader platforms.

At this juncture, there are a wide variety of solutions and service providers entering the industry with a set of advanced accounts payable and receivable solutions offerings. To help companies navigate through the best-of-breed accounts payable and receivable solution providers, CFO Tech Outlook has compiled a list of ‘Top 10 Accounts Payable and Receivable Consulting/Service Companies in Europe – 2020.’ The enlisted organizations help significantly improve how businesses manage their invoicing and collection activities among other various advantages. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.

We present to you CFO Tech Outlook’s, “Top 10 Accounts Payable and Receivable Consulting/Service Companies in Europe – 2020.”

Top Accounts Payable and Receivable Consulting/Service Companies in Europe

Basware is the global leader in providing networked source-to-pay solutions, e-invoicing, and value-added services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organisations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers.

basware.com

Bilendo is the modern credit management platform on which companies can centrally map, control, and automate all processes for minimising credit risk. Bilendo maps the entire invoice-to-cash process with all relevant credit management tools, which can be combined individually as required. These include accounts receivable management, debt collection, dunning, customer portals, service portals, payment transactions, factoring, risk management, and bad debt protection. Bilendo offers a high degree of flexibility and expertise for the individual design of processes and workflows—completely independent of the existing infrastructure

bilendo.de

Dynatos

Dynatos

Automates and optimizes the financial processes within your organization

Esker Inc.

Esker Inc.

Esker is a worldwide leader in AI-driven back-office automation, helping companies bridge the gap between new and future technologies.The company's cloud-based platform allows businesses to power their digital transformation across procure-to-pay (P2P) and order-to-cash (O2C) processes and unite customers and suppliers like never before

HighRadius

HighRadius

A Fintech enterprise Software-as-a-Service (SaaS) company which leverages Artificial Intelligence-based Autonomous Systems to help companies automate Accounts Receivable and Treasury processes.The HighRadius® Integrated Receivables platform reduces cycle times in your order-to-cash process through automation of receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections.

Jaggaer

Jaggaer

An all-in-one procurement software providing modular solutions from source to pay.Offers a full digital transformation across the entire procurement spectrum, from source to pay

Kefron

Kefron

The company's compliant digital capture of documents and data in a format of your requirement. High speed processing for large-scale digital conversion, using our scanning bureaux or on-site teams deployed at your office.Provides its Records and Document management solutions to support Remote Working and Return to Work

Medius

Medius

Allows to reduce manual work, accelerate invoice processing, and gain greater financial control and visibility

Objectify Lune

Objectify Lune

Objectif Lune has been providing software that optimizes your documentation workflows for more than 20 years.We create software that helps our customers better communicate with their clients.With 240 employees worldwide, serving over 20,000 customers, we are experts in delivering solutions that adapt to how organisations work.OL believes that the great differentiator today, in our social media era, is customer experience.Our unique approach ensures our customers improve their processes without having to make any costly changes to their existing systems or invest in new ones

order2cash

order2cash

Offers a fully integrated financial management platform