AR automation can be easily integrated with the Acumatica ERP platform with the solution provided by Lockstep Collect, an Acumatica partner.
A seamless integration of AR automation from Lockstep Collect can reduce average days delinquent by as much as 14 days working remotely.
Here is how an AR automation solution from Lockstep Collect integrated with your Acumatica ERP can help you to meet AR KPIs and increase cash flow.
Whether your AR team is back in the office or working remotely, they can easily access and use a cloud-based automation solution to accelerate collections and reduce DSO from any location. The flexibility of a cloud-based solution makes it easier to reach more customers and increases your team’s efficiency.
Automated Customer Communication
Automated customer communication driven by a configurable rules engine can help to gently remind customers at the time they are most likely to read and respond to your email. A personalized, well-timed communication to customers based on their invoices will help to increase collections and accelerate cash flow.
And very importantly, automated customer communication will increase the amount of time available for your collectors to contact high priority accounts.
Providing customers with access to a self-service portal to make payments, obtain information and copies of invoices and statements, report disputes, manage profiles and communicate with your team gives them what they want. Customers want the convenience and flexibility of self-service. It is a win-win situation for your AR team and customers.
Collections Activity Management
Collections activity management keeps your team on task with a minimum of time wasted on trying to prioritize what to do next. It helps them to focus on the next best activity and gives them a 360-degree overview of customers to accomplish tasks faster. It saves time, increases customer contact and accelerates cash flow.
Forecasting and Reporting
Keep stakeholders up to date with real-time projections of cash inflow. Save time, increase accuracy and provide the information needed to stay abreast of rapidly changing business conditions in the new normal.
Best Practices Library
Lockstep Collect is an expert in automation of AR solutions. A whole series of best practices templates is provided to take you live quickly.
A cloud-based automated AR solution seamlessly integrated with your Acumatica ERP platform will free up time to increase customer contact, lower DSOs and accelerate cash flow.
AR and AP issues are easier to deal with if you have automated systems. Cloud-based AR and AP solutions with self-service portals and automated processes keep vendors and customers connected no matter where they are located.
Automation increases efficiency, reduces costs and results in increased profits, cash flow and shareholder value.
Lockstep Collect, a leader in cloud-based credit and collection platforms, can help you collect cash in 4 ways:
- Cloud-based solutions
- Automated customer communications
- Customer self-service
- Collections Activity Management
Lockstep Collect is an experienced software partner that can help you maximize your collections and cash flow in the new normal.
If you would like to learn more about how you can make collections more effective, and improve cash flow 31% or more, request a demo.