One would think the subject of automated AR is antiquated in 2025, but not so in South African. So, let’s start this off with a question. Is your finance team drowning in manual invoicing, payment follow-ups and disjointed data? You are not alone! Many South African businesses struggle with outdated Accounts Receivables processes that drain productivity and also delay cash flow. AR processes are a substantial pain point for South African businesses, with 63% of finance teams reporting inefficiencies due to manual workflows. Manual AR workflows are a tedious financial liability.
Imagine your AR working this way.
TRAQ’s accounts receivable automation is an ERP (Enterprise Resource Planning) integrating system that helps companies to reduce errors and accelerate cash flow. TRAQ’s debt collection software will change how you recover payments, reduce Days Sales Outstanding and also improve liquidity – all while integrating seamlessly with your ERP. Without automation, chasing overdue invoices relies on spreadsheets and guesswork. TRAQ’s software solution prioritises high-risk accounts and predicts payment delays to send auto-generated reminders.
Let’s break down the pain points.
Slow payment reconciliation is a significant bottleneck for your collections. Matching payments to invoices delays cash availability and affects your business’ bottom line dramatically. Teams can waste up to 15 hours weekly reconciling remittances from emails, bank portals, and EDI files. TRAQ software also analyses payment history, customer behavior and market trends to rank delinquent accounts by risk. Collections teams are able to focus on high-value invoices first, with automated SMS/email reminders sent at optimal times.
Disconnected systems create visibility gaps. TRAQ centralises AR data, providing a single dashboard for collections, credit risk, and cash flow analytics, cutting reconciliation errors. Get real-time payment updates ensures accurate, up-to-date financial records that accelerate your month-end closure.
Automation with intelligence. Real-time credit risk monitoring.
TRAQ’s dynamic dashboards can track customer credit health – flagging risks like declining payment trends or sector-specific volatility. Our software adjusts credit limits based on changing customer behavior and market conditions, mitigating the risk of bad debt.. Automation reduces operational costs by 30–40%, according to a Global Intelligent Automation survey by Deloitte, and one would be lost in the new digital era without it.
The benefits and future implications.
With McKinsey estimating that 24% of South Africa’s workflows will be automated by 2030, TRAQ positions businesses to:
- Scale operations without increasing headcount
- Adapt to forex volatility and load-shedding disruptions
- Recover revenue faster in a high-interest-rate economy
- Improve customer relationships through personalised communication
- Enhance compliance and reduce audit risks
TRAQ’s automation features are specifically developed to meet the needs of South African businesses. As a future-forward business, one would be remiss not to experience the transformative power of automated debt collection, and what it can do for your bottom line.