Payment terms such as Net 30 and 2/10 Net 30 dictate how businesses manage their cash flow. Learn how InvoiceRunner simplifies the invoice process while keeping these terms in check.
Navigating payment terms can be daunting for small businesses and accounting teams. Payment terms like Net 30, which means payment is due 30 days after the invoice date, or 2/10 Net 30, which offers a 2% discount if paid within 10 days, are crucial in determining cash flow. Misunderstandings of these terms can lead to late payments, strained vendor relationships, and ultimately, financial stress. Moreover, keeping track of differing payment terms with multiple vendors can overwhelm accounts payable teams, leading to errors and delays that impact overall business operations.
InvoiceRunner understands the challenges associated with these payment terms, offering automated solutions that not only track invoices but also manage payment deadlines effectively. Our AI-driven platform monitors your email for invoices, automatically extracts pertinent payment information regardless of the format, and ensures that you never miss a payment term deadline. By utilizing InvoiceRunner, businesses can streamline their accounts payable processing, saving precious time and minimizing human error.
With InvoiceRunner, users experience a transformation in managing payment terms. The platform allows for quick scanning and extraction of vital payment information from invoices, which reduces the bandwidth required for data entry and risk of late payments. This efficiency ensures business continuity and fosters stronger relationships with vendors due to timely payments.
Common challenges faced every day
Purpose-built invoice automation
Tangible benefits that impact your bottom line
By automating your invoice processing, you can redirect that time to strategic tasks that grow your business.
Our advanced AI ensures precise data extraction for every invoice, minimizing the risk of human error.
Detect duplicate invoices before they become costly mistakes.
Enjoy real-time synchronization with your chosen accounting software, ensuring your financial records are always accurate.
Get up and running quickly with an easy setup process that requires minimal technical knowledge.
Manage a growing number of invoices effortlessly, without increasing your headcount.
Everything you need to automate invoice processing
Monitor Gmail or Outlook 24/7 for invoice emails.
Never miss an invoice due to oversight.
Extract vendor, dates, amounts from any format.
No templates required, handling different formats seamlessly.
Verify calculations before syncing.
Catch errors associated with invoicing automatically.
Sync to Xero, QuickBooks, etc.
One-click syncing to keep financials accurate and in real-time.
Check for duplicate invoices.
Maintain financial integrity and avoid unnecessary payments.
Match to existing vendors.
Keep vendor data clean and organized for quicker processing.
Real scenarios from users like you
A small manufacturing company streamlined its invoice approval process by automatically extracting data and reducing approval times.
Example: They cut approval time by 50%.
An accounting firm utilized InvoiceRunner to ensure invoices were processed before deadlines, preserving their vendor relationships.
Example: This eliminated late fees and penalties.
A retail business saved time on data entry and reduced errors through InvoiceRunner’s AI extraction feature.
Example: They achieved a 99.2% accuracy rate.
Using InvoiceRunner’s management features, a tech startup improved cash flow by adhering strictly to payment terms.
Example: They implemented an early payment strategy to gain discounts.
InvoiceRunner is designed to work with your existing tools
Link your Gmail or Outlook account securely to begin monitoring invoices.
One-click connection to your preferred accounting software allows easy data flow.
InvoiceRunner’s AI processes incoming invoices, extracting relevant payment terms and data.
Review drafted bills before finalizing them, ensuring everything is in order.
Seamless integration with popular platforms
“InvoiceRunner has transformed our invoice processing. We're no longer fighting to meet payment terms, and our vendor relationships have never been better.”
“We achieved nearly complete accuracy in our invoice processing, which has had a huge impact on our bottom line. The time savings are just a bonus!”
Most users are up and running in under 5 minutes.
PDF, images (JPG, PNG), and scanned documents.
Yes, we utilize bank-grade encryption and never sell your data.
All invoices are created as drafts for your review, so you can ensure correctness.
We support Xero, QuickBooks, Zoho Books, FreshBooks, and Sage.
Yes! We offer 10 free extractions with no credit card required.
Join businesses saving hours every week with InvoiceRunner.
Start Free TrialInvoiceRunner automates the tedious parts of accounts payable.