Business AP & AR Automation
Have tedious workflows, redundant manual processes, and an overall lack of data transparency become major barriers to business continuity for your organization? Would you like to leverage the power of invoice automation solutions in order to drive efficiency, reduce costs, and enhance productivity?
If so, then a partnership with SMRTR can serve as the catalyst to eliminate your accounts receivable and accounts payable woes. Our dynamic technologies allow you to create efficient, eco-friendly, and reproducible processes that can be performed remotely.
While our flagship offering is AP automation solutions, we offer a range of technologies, including back-office applications, customer-facing software, and much more.
By implementing digital workflows that incorporate automation technologies, your business has the potential to reduce its costs by up to 70%. These solutions offer advanced document matching capabilities and exception handling, as well as several other cost-reducing tools.
In addition, SMRTR integrated receivables solutions allow you to transform typically wasteful processes into paperless workflows. Examples include proof of delivery, backhaul tracking, customer invoicing, and more.
At SMRTR, we are passionate about leveraging technology and innovation in order to help you achieve a higher level of efficiency and better results.
What We Do
While SMRTR is best known for our invoice automation solutions, we offer additional products to address the biggest business challenges that our clients are facing. Our other solutions include:
The food and beverage industry has become more tightly regulated than ever before. While these regulations are necessary to protect consumers and ensure product quality, navigating these rules and guidelines can be incredibly challenging for manufacturers.
Fortunately, SMRTR’s supplier compliance technologies can help our clients adhere to relevant regulatory guidelines while also enhancing the data management process. Specifically, our solution is capable of:
- Sending automatic requirement notifications
- Approving and analyzing products to ensure compliance
- Managing product traceability
- Distributing status updates and reminders
Our technology also includes a user-friendly self-service portal that is designed to optimize employee buy-in and reduce the workload on your staff. As with all SMRTR products, every component of our supplier compliance software was designed with you and your team in mind.
If you are still relying on paper proof of delivery documents, then you are not only generating massive amounts of paper waste, but you are also missing out on a great opportunity to increase organizational efficiency. When you are ready to shatter this growth barrier and modernize the proof of delivery process, SMRTR can help.
Our electronic proof of delivery solution allows you to manage a customer’s bill of lading, record deliveries electronically, take photos or notes, and track pending deliveries. All of this is made possible through our mobile app and supporting software.
In addition, our electronic proof of delivery solutions gives you the power to notify customers and back-office staff of any changes related to the product delivery. This feature increases overall transparency and ensures that your customers are kept in the loop right up until the time the product arrives at their door.
Our AP and invoice automation solutions are one of the most comprehensive products in our lineup. This suite of technologies gives your company the ability to electronically ingest vendor invoices and process them at lightning-fast speeds.
The software also matches invoices to purchase orders and received goods in order to optimize billing accuracy.
Should an issue arise, our technology will automatically route requisite information for exception handling. This automation reduces the burden on your staff, as they will not have to manually query this data. In addition, all information is stored on our platform so that it can be retrieved or audited in the future.
SMRTR’s automation and document processing technologies will transform text and data into barcodes for improved product labeling.
Our solution is also capable of producing custom shipping labels so that relevant parties can easily retrieve vital product information in seconds. All label designs are compliant with the latest regulatory requirements.
SMRTR’s labeling solutions can also be used to design your own custom, interactive shelf labels. These labels can allow staff to more easily access key product information, which will further enhance operational efficiency.
Improving the efficiency of backhaul tracking remains one of the biggest challenges facing modern manufacturing entities. In order to alleviate this pain point, SMRTR developed some of the most robust backhaul tracking software on the market.
This technology makes it easy to manage customer pickups, track driver backhauls, and instantly notify clients of delivery issues.
Our backhaul tracking software was designed to communicate seamlessly with our invoice automation solutions. As such, the backhaul tracking technology will automatically push vital billing information to your back office personnel.
Integrated Receivables Solutions
SMRTR’s integrated receivables solutions turn your AR processes into a consolidated payment hub. All receivables and related transactions can be tracked, audited, and managed from a single user-friendly platform. This technology collects data from wire transfers, web payments, ACH transactions, and other frequently used sources.
By integrating your receivables transactions, SMRTR eliminates data silos and centralizes vital financial information. In turn, this will reduce the burden on your back-office staff, thereby allowing them to focus on completing more dynamic tasks.
Who We Serve
While SMRTR’s AP automation solutions have the capabilities to improve any organization’s accounts payable/receivable management processes, we specialize in serving clients in the food and beverage sector.
In addition, we often work hand in hand with manufacturing and distribution entities, as our products allow them to streamline item tracking, invoicing, etc. SMRTR’s dynamic lineup of solutions can also be augmented to meet the needs of transportation and logistics companies.
Put more simply, SMRTR’s solutions can become valuable assets for any business that wants to create more value, eliminate operational inefficiencies, and optimize productivity.
Benefits of Integrated Receivables Solutions
SMRTR’s suite of AP automation solutions and other technologies can allow your business to address long-standing pain points. By leveraging our powerful tools, your organization can:
Minimize Your Environmental Impact
If your business is still relying on paper invoicing and proof of delivery practices, then you are creating thousands of pages of physical waste every single year. Not only is this practice cost-inefficient, but it also makes a substantial impact on the environment.
Conversely, SMRTR’s technologies allow you to drastically reduce or eliminate the need for paper document processing. Our combination of solutions can electronically ingest vendor invoices and process other documents. In addition, our technology allows you to effortlessly record deliveries and send documents to customers in a digital format.
By eliminating your reliance on paper invoicing, you can not only reduce your environmental impact but can also showcase your commitment to green practices. This approach has become increasingly important as modern consumers and businesses have grown to be more conscious of pressing environmental issues.
Many organizations and customers are actively seeking partnerships with businesses that have active green initiatives, such as the development of paperless document management practices.
Reduce the Burden on Employees
If your current workflows are heavily reliant on manual management practices, this can place undue strain on your most valuable resource — your staff. Over time, employees who bear too heavy a burden will experience a decline in productivity.
To compound matters, manual accounts receivable and document management practices will limit your team’s ability to focus on front-facing tasks, such as interacting with customers.
Conversely, SMRTR’s solutions can significantly reduce the burden on your employees. Ultimately, this will allow them to devote more of their time and energy to dynamic tasks that further the long-term goals of your business. They can address compliance issues, communicate directly with customers, and much more.
Decrease Days to Pay
As you know, excessive “days to pay” statistics can be a major threat to business continuity. Even if your business has respectable margins and strong profitability, a steady cash flow is essential to sustainable operations.
Disruptions to this cash flow can hinder your ability to grow, require you to tap into emergency funding reserves, and create other fiscal headaches.
SMRTR’s invoice automation solutions can alleviate this issue in two distinct ways. First, our technology automates many aspects of the invoicing process, which ensures that all payment requests are delivered in a timely and efficient manner.
More importantly, our solutions can reconcile discrepancies, notify back-office staff of any potential errors, and provide exception handling tools. This coverage will reduce invoicing errors and allow your team to quickly remedy any discrepancies should an issue arise.
Cut Labor Costs
By nature, manual accounts payable/receivable workflows are time-consuming and place a huge demand on your staff.
If your business is heavily reliant on these processes, then you will need to expand your back office staff as your organization grows. This approach is not practical because it lacks scalability and is incredibly cost-prohibitive.
To overcome this growth barrier and reduce labor costs, you can leverage SMRTR’s automation technologies. Our solutions allow every employee to be more productive by automating redundant workflows and enhancing overall efficiency.
In turn, this will reduce your hiring and recruiting costs, lead to better profitability, and give your organization the financial flexibility to fuel future growth.
Improve Talent Retention
Overburdened employees are not only less productive, but they often experience a sharp decline in morale. If this issue is not addressed quickly, then your business will begin to hemorrhage talent and struggle to fill vacancies. This condition is particularly concerning in our current job market, as there is already a shortage of talented workers.
While SMRTR’s technologies alone cannot alleviate all talent retention concerns, they can create a better working environment for your staff. This environment can make your business a more appealing option for job seekers while also encouraging existing employees to remain loyal to your organization.
Enhance the Customer Experience
Regardless of which industry you operate within, providing clients with a superior service experience is paramount. SMRTR’s suite of technologies can help you do just that by streamlining communication, increasing transparency, and reducing the burden on your staff.
With our solutions, you can instantly notify clients of shipping delays, deliver documents electronically, provide proof of delivery, communicate with clients, take photos, and much more.
Our technologies can be accessed via a mobile app, desktop applications, or virtually any internet-connected device with web browsing capabilities. By providing multiple touchpoints, we have maximized the usability and agility of our solutions.
Preserve Business Continuity
Smarter, faster invoicing can help your organization preserve business continuity. This consideration is more important than ever before as our marketplace becomes increasingly crowded and competitive. SMRTR technologies reduce days to pay, minimize invoicing errors, and provide an avenue for rapid exception handling.
Bolster Your Brand Image
Tedious invoicing, AP, and AR processes can drive away important clients and cost you valuable accounts.
Conversely, SMRTR’s solutions can help your company develop a reputation for being client-centric, efficient, and transparent. In short, our technologies can be an integral component of a large-scale brand-building strategy that nurtures feelings of trust and loyalty in the minds of your clients.
Are You Ready to Work SMRTR?
For two decades, SMRT has provided integrated receivables solutions that have helped our clients streamline core business processes like reporting, auditing, invoicing, and product tracking.
Countless clients have turned to our experts when they struggle to overcome pain points such as regulatory concerns, data management inefficiencies, and other business continuity issues.
SMRTR has developed a strong reputation throughout the food and beverage and distribution sectors because of our unmatched customer service, our technological expertise, and the quality of our products.
In addition to providing our clients with leading-edge invoice automation solutions, SMRTR also offers implementation services to facilitate an effortless deployment process.
If you are ready to explore one or more of SMRT’s dynamic products, contact our team today.
We can provide you with additional information, arrange a product demonstration, or explain how to take advantage of our implementation services. Once you have tried SMRTR’s AP automation solutions, you will never want to do business without them again.
