“Our DSOs are down and we have beaten our collections targets for two quarters in a row. I attribute that to ramping up on Lockstep Collect and it’s automation.”
See how accounting departments are succeeding with Lockstep Collect.
The Evolution of AR Automation Technology
Over the years, AR automation has undergone a remarkable transformation, revolutionizing the way businesses manage their finances and streamline their operations. We explore the evolution of AR automation technology, from its humble beginnings
The Impact of Automation on Accounts Receivable, Pt. 2
The emergence of automation technology has transformed the way businesses operate. From manufacturing to customer service, automation has revolutionized different industries across the globe. One area that has particularly benefited from automation is
The Impact of Automation on Accounts Receivable, Pt. 1
The emergence of automation technology has transformed the way businesses operate. From manufacturing to customer service, automation has revolutionized different industries across the globe. One area that has particularly benefited from automation is
How Sage Network Can Revolutionize Your Accounts Receivable Process
Managing accounts receivable, you know how crucial it is to ensure that your company is paid promptly. Delayed payments or unpaid invoices can severely impact your organization's cash flow. However, sending out payment
Five Strategies for Reducing Days Sales Outstanding (DSO)
Accounts receivable professionals are tasked with the challenging goal of reducing Days Sales Outstanding (DSO) while maintaining good customer relationships. This becomes a top priority when improving cash flow and staying on top
The Art of Customer Communication for Accounts Receivable Professionals
Building and nurturing strong customer relationships is a vital component of the accounts receivable profession. However, there are instances when engaging with customers can be challenging, requiring a composed and professional demeanor to
How to Improve Response Rates to Payment Inquiries: A Step-by-Step Guide
Do you wish to receive faster responses to your payment inquiries? One of the biggest challenges for accounts receivable professionals is timely responses for payment inquiries. It can be frustrating when customers don't
The Ultimate Guide to Managing Your Accounts Receivable Inbox: Tips and Tricks for Staying Organized
As an accounts receivable professional, your inbox can often get cluttered with countless payment inquiries, complaints, and other urgent messages that need your immediate attention. However, it can be tough to stay organized
The Magic of Pre-Populated Templates: Time-Saving and Efficient Accounts Receivable Management
One of the biggest challenges that accounts receivable managers experience is staying on top of invoice payments and maintaining good relationships with customers. This includes making sure that invoices are sent promptly
Automation Revolution: Simplifying Accounts Receivable
Accounts receivable (AR) plays a crucial role in financial management for any business. AR is the money that customers owe the company for goods or services that have been provided but not yet
Small Business Year-End Accounting: Tips for Wrapping Up the Fiscal Year
Running a small business is no easy feat, and as we come to the end of yet another fiscal year, there are a lot of tasks that need to be done in order
Empowering Customers: Self-Service Portals and Financial Transparency
Financial transparency is a critical aspect of building customer trust and loyalty. When customers trust a business to be transparent with its financial transactions, they are more likely to establish a long-term relationship
Unlocking Customer Insights: Leveraging Analytics in Self-Service Portals
In today's data-driven world, businesses need to utilize analytics to make fact-based decisions that lead to success. This principle is particularly important in finance, where insights into customer behavior can help companies maximize
Sage Network Update: November 2023
In a world where efficiency and user-friendliness are key, we understand the challenges you face daily. This is why we're thrilled to introduce new game-changing updates that will transform your Sage Network experience.