All AR managers want their teams to focus their efforts on activities which will improve credit and collection processes and increase cash flow such as: Assisting high value customers Managing credit risks Resolving disputes Improving processes However, overflowing email inboxes often bury AR teams in correspondence about late payments, unauthorized deductions, disputes, credit holds, requests
If you want to simplify accounts receivable in industrial distribution, you should automate the process as much as your inventory, order fulfillment and distribution processes. You can automate accounts receivable to increase efficiency, accelerate cash flow and reduce costs. Accounts receivable software applications available through cloud-based software subscriptions can be seamlessly integrated with your ERP
The main focus of industrial distribution is inventory management, order fill rates, transaction cycle times, low costs and satisfied customers. Not surprisingly, industrial distributors use ERP systems that focus on these areas. Accounts receivable management is often handled with other basic software applications lacking automated features, and even manually with spread sheets. As a consequence,
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