CLEARITT PARTNERSHIP

Revolutionize Your B2B Payments: Understanding the Clearitt Automation Platform

Clearitt B2B Payment Automation | Streamline AP & AR

Manual B2B payment processes are a major drain on resources, riddled with inefficiencies, high costs, and potential errors. From chasing invoices and stuffing envelopes to painstakingly reconciling payments, traditional methods hold businesses back. Clearitt offers a modern solution – a unified platform designed to automate Accounts Payable (AP) and Accounts Receivable (AR) workflows, simplifying how businesses pay and get paid, while streamlining the critical reconciliation process.

The Challenge: Why Traditional B2B Payments Fall Short

Businesses relying on manual or disconnected B2B payment methods face significant hurdles:

Excessive Manual Labor: Countless hours spent on data entry, invoice approvals, check printing, payment initiation, deposit handling, and manual reconciliation.
High Processing Costs: Expenses associated with paper checks, postage, wire transfer fees, and the sheer labor cost of manual tasks add up quickly.
Slow Payment Cycles: Delays in invoice processing and payment execution negatively impact supplier relationships and Days Payable Outstanding (DPO). Similarly, slow collections impact Days Sales Outstanding (DSO) and overall cash flow.
Error & Fraud Risk: Manual data entry increases the likelihood of costly errors. Paper-based processes are also more susceptible to payment fraud.
Lack of Visibility: Difficulty tracking payment statuses in real-time leads to uncertainty in cash forecasting and challenges in resolving payment inquiries.

The Clearitt Solution: Unified Payment Automation

Clearit tackles these challenges head-on with a comprehensive platform focused on automation:

Automated Accounts Payable (AP):
- Simplify invoice capture and digitize approval workflows.
- Execute payments efficiently across multiple methods (ACH, Check, Virtual Card, Wire), optimizing for cost and supplier preference.
- Gain real-time visibility into payment status and maintain strong audit trails.
Automated Accounts Receivable (AR):
- Accelerate cash collection with customer payment portals and automated reminders.
- Accept a variety of payment methods preferred by your customers.
- Reduce manual effort in applying cash receipts and managing collections.
Intelligent Reconciliation:
- Automatically match payments (both incoming and outgoing) to open invoices within your accounting system.
- Dramatically reduce the time and effort spent on manual reconciliation, freeing up finance teams for more strategic tasks.

Key Benefits of Leveraging Clearitt

Implementing a solution like Clearit can deliver significant business value:

Drastically Reduce Manual Workload: Free up valuable time for your AP and AR teams.
Lower Payment Processing Costs: Optimize payment methods and reduce reliance on expensive options like paper checks and wires.
Improve Cash Flow: Speed up collections and gain better control over payment timing.
Increase Accuracy & Reduce Errors: Minimize mistakes associated with manual data entry and reconciliation.
Enhance Security & Compliance: Strengthen controls around payment approvals and execution.

Gain Real-Time Financial Visibility: Improve cash management and forecasting accuracy.

Integration with Your Financial Ecosystem

Clearitt is designed to work seamlessly within your existing financial technology stack. It offers integrations with leading ERP and accounting systems (such as QuickBooks, NetSuite, Sage Intacct, and others) Exceleris provides integration with Salesforce Accounting systems. This ensures data flows smoothly, maintaining your accounting system as the central financial record while Clearitt handles the payment execution and automation layer.

Who Can Benefit from Clearitt's Payment Automation?

Clearit is particularly beneficial for:

Small to Mid-Market Businesses: Seeking to automate manual processes without the complexity of massive enterprise systems.
Companies with High Payment Volume: Where the inefficiencies of manual processing are most acute.
Organizations Focused on Efficiency: Looking to reduce operational costs and free up finance team capacity.
Businesses Seeking Better Cash Flow Management: Aiming to optimize both payables and receivables cycles.
Finance Departments Burdened by Reconciliation: Where automating the matching process offers significant time savings.

Optimizing Your Payment Strategy with Exceleris Consulting

While Clearit offers powerful automation tools, achieving optimal results requires a strategic approach to your overall payment processes and technology landscape. As experienced financial systems and process improvement consultants, Exceleris Consulting can help you:

Analyze Your Current Payment Workflows: Identify bottlenecks, inefficiencies, and opportunities for automation in your AP and AR cycles.
Develop a B2B Payment Strategy: Define goals for cost reduction, cash flow improvement, and efficiency gains.
Evaluate Payment Solutions: Assess platforms like Clearit in the context of your specific needs and existing systems.
Plan and Manage Integration: Develop strategies for connecting payment automation tools effectively with your ERP, accounting software, and potentially CRM systems (like Salesforce, often via APIs).
Drive Process Improvement & Change Management: Ensure your team successfully adopts new tools and optimized workflows.

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Ready to streamline your B2B Payments with Clearitt?

Discover Clearitt, the platform for automating B2B Accounts Payable & Receivable payments and reconciliation. Save time, cut costs, improve cash flow. Strategy & Integration by Exceleris Consulting.