Accounts Receivable Analytics

Collect from customers faster, maintain balanced accounts, and create invoices the right way the first time.

Test Drive →

Create invoices the right way the first time. Collect from customers faster and maintain balanced accounts. Manage your customer master with ease. Identify high-risk transactions, employees, approvers, departments, and customers. ThirdLine features 25 built-in audit analytics + interactive dashboards for continuous monitoring and analysis.

AR Risk & Internal Controls

Accounts Receivable (AR) is money your customers owe you for goods or services they purchased from you in the past. The objective of the AR process is to collect from customers in a timely manner (typically a few weeks) in order to maintain balanced accounts. There are a number of risks to achieving this objective. While having a lot of customers is a good thing, some may not pay you on time—or at all. The upside? You have the data to know when this risk is real for your organization.

Understand Risks with Audit Analytics

Enterprise Resource Planning systems capture massive amounts of data within your municipality in real time. Automating your ERP data (e.g. data analytics) will allow you to quickly identify and understand risks occurring in your organization and use it to make changes and adjustments for an optimized process and improved performance.

Data analytics are written to track transactions as they move through the ERP workflow. Each analytic is asking a question of transaction. If the transaction meets the criteria, the analytic will flag the transaction. A single transaction could be flagged by multiple analytics.

Examples of AR Analytics

1. Duplicate Invoices

  • Step: Invoice Entry
  • Description: Flags if two or more invoices in the system are entered within 29 days of each other and match on customer number and amount.
  • Use Case: Investigate and/or recommend training.

2. Quick Approval

  • Step: Invoice Approval
  • Description: Flags if an approver approves an invoice within 45 seconds of their previous approval.
  • Use Case: Examine invoice and determine if it warranted substantial review.

3. Invoice amount adjusted without approval

  • Step: Invoice Adjustment
  • Description: Flags if a bill’s total amount decreased without approval.
  • Use Case: Validate adjustment and/or recommend controls. 

Get in Touch

We are ready to help integrate our monitoring platform into your state and local government ERP system.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.