Statement of Account

A statement of account is a summary of a customer's account activity, including invoices, payments, and outstanding balances. It is an essential document for keeping customers informed about their financial obligations and helps businesses track the status of their accounts receivable. Regularly sending accurate statements of account can encourage timely payments and improve collections.

Automating the creation and delivery of statements ensures that businesses maintain consistency and reduce manual errors. AI-powered systems allow businesses to generate statements in real time, making the process more efficient. Automated statements improve transparency and help businesses reduce DSO (Days Sales Outstanding).

This automation streamlines AR management and enhances customer relationships by providing clear and accurate billing information.