Businesses aiming to streamline their financial operations now have access to a new automation tool as Chaser announces its integration with Odoo’s enterprise resource planning (ERP) software. This development allows companies to automate their accounts receivable (AR) processes, reducing the reliance on manual invoice tracking and follow-ups. With businesses facing ongoing challenges in maintaining cash flow, automation in AR management has become a critical focus area. The integration is expected to help organizations enhance efficiency, minimize late payments, and maintain better financial control.
Chaser has previously integrated with other ERP systems, including its February collaboration with Sage 200, which provided similar automation benefits. These past integrations indicate a growing trend among businesses toward automating financial processes. The latest move with Odoo further expands Chaser’s reach, bringing its automated invoicing tools to a broader client base. With the increasing demand for automation in financial management, more businesses are seeking solutions that provide real-time insights and reduce the risk of bad debt accumulation.
What Does the Chaser-Odoo Integration Offer?
The newly launched integration between Chaser and Odoo provides a suite of automated AR tools designed to optimize credit control and invoice collection. The platform enables businesses to send automated payment reminders via email, SMS, and postal letters, ensuring timely follow-ups with customers. Additionally, users can create customizable workflows that allow scheduled reminders and automatic thank-you messages upon payment receipt. By automating these processes, businesses can focus on strategic financial planning instead of manual AR management.
How Does Automation Benefit Businesses?
Automating AR processes helps reduce the likelihood of errors and improves financial stability by ensuring invoices are settled on time. Manual invoice chasing is often time-consuming and prone to mismanagement, leading to strained business relationships and delayed payments. By integrating with Odoo, Chaser allows businesses to sync their financial data in real-time, reducing discrepancies and ensuring that companies are working with the most accurate information available.
“Manual processes for credit control and invoice chasing are not only time-consuming but also prone to errors, leading to strained customer relationships and increased financial risk,” Chaser stated in its announcement. “With Chaser’s integration for Odoo, businesses can automate their accounts receivable processes, ensuring invoices are paid on time, reducing the risk of bad debt, and improving overall cash flow.”
In addition to automated reminders, Chaser offers flexible payment options, including multiple payment methods and installment plans. Businesses can also access real-time insights and reporting tools, making it easier to refine their collections strategies. The ability to proactively manage credit risk ensures that companies can mitigate the chances of unpaid invoices and maintain better financial health.
The demand for AR automation is increasing as chief financial officers (CFOs) seek ways to mitigate payment delays and reduce errors. A report from PYMNTS Intelligence found that 67% of CFOs believe their firms require more automation, with 27% stating they definitely need it. This trend highlights the growing reliance on digital tools to enhance financial operations. Given this demand, Chaser’s expansion into Odoo’s ecosystem aligns with businesses’ broader goal of automating their financial workflows.
Businesses adopting automated AR tools can gain a competitive edge by improving cash flow management and reducing operational inefficiencies. With Chaser’s integration for Odoo, companies can enhance their financial processes by minimizing manual interventions and ensuring timely payments. The ability to customize workflows, access real-time financial insights, and offer flexible payment options makes the integration a practical tool for businesses looking to optimize their AR management. As financial automation continues to evolve, companies leveraging such solutions may find themselves better positioned to manage revenues and maintain stable customer relationships.
