“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.
HOW ACCOUNTANTS CAN AID IN CHOOSING NEW ACCOUNTS RECEIVABLE SOFTWARE
As an accountant, you have the inside knowledge of when a client’s previous accounting methods are beginning to lose their luster. Even if that company is currently using an accounts receivable software that was built
HOW THE FEDERAL GOVERNMENTS E-INVOICING MANDATE AFFECTS BUSINESSES
The U.S. government recently released a mandate that all invoicing to the federal government needs to be sent electronically. The mandate, which takes effect by the end of fiscal year 2018, will impact the 19
6 BEST PRACTICES FOR IMPROVING YOUR ACCOUNTS RECEIVABLE PROCESS
The American Productivity and Quality Center has been around for years and their main purpose is to help companies learn to create more efficient processes for a more streamlined business. Having been around for 40
IRREPLACEABLE FEATURES IN ACCOUNTS RECEIVABLE MANAGEMENT SOFTWARE
As with the selection of any business software application, choosing the right accounts receivable management solution is paramount to the success of the project; but selection is never easy. There are many different options out
USING ACCOUNTS RECEIVABLE MANAGEMENT IN EPICOR ERP
Epicor ERP is a comprehensive system and a strong ERP solution, but it cannot solve your accounts receivable problems. Accounts receivable management in Epicor ERP as it comes out of the box is decent, but
HOW TO PREDICT CREDIT RISK
[vc_row][vc_column][vc_column_text]It’s extremely important to make sure that a company is credit worthy before allowing them to become a customer paying on terms. It’s great to make the sale, but if you find that the customer
HOW TO DEAL WITH INVOICE DISPUTES
Dealing with invoice disputes are not fun for two reasons. First, getting into a dispute with a customer can be frustrating. You may not agree on how much work was done or time spent, causing
MANAGING B2B ACCOUNTS RECEIVABLE IN THE AMERICA’S
For any B2B company who works with customers in the United States, Canada, Mexico, and Brazil (the America’s), there are some things you need to be aware of when it comes to the current
The 6 Commandments of Accounts Receivable Email
Research from UCLA found that words only convey 7% of the message you are trying to send, vocal elements convey 38% and nonverbal elements convey the remaining 55% which means your accounts receivable email strategy
THE TRUTH ABOUT COLLECTING ACCOUNTS RECEIVABLE
You’ve attracted the customer, made the pitch, sold your product/service, sent the invoice and delivered the product or service…but the work is not done yet! You still need to collect the money owed to
HOW TO IDENTIFY CUSTOMERS WITH CASH FLOW PROBLEMS
Wouldn’t it be nice if our customers gave us warning that they are having cash flow issues? Obviously, this will rarely happen though. Most customers aren’t going to be too forthcoming about cash flow problems
EXCEL BEST PRACTICES FOR ACCOUNTS RECEIVABLE PROFESSIONALS
Excel is one of the most popular programs used by accountants and financial professionals to keep track of financial data. Often times it is used for key information like a general ledger, aging report, cash
CAN YOU USE CRM TO MANAGE CREDIT AND COLLECTIONS?
Some companies attempt to use their existing CRM software to manage the credit and collections process. Although some of the functionality of credit and collection automation products like Lockstep Collect overlaps with CRM solutions,
WHAT YOU NEED TO KNOW ABOUT ACCEPTING B2B CREDIT CARD PAYMENTS
Credit card payments in the B2B industry are beginning to take off. In a report by the Federal Reserve Payments Study, credit card payments grew more than 10 percent between 2015 and 2016. The usage
