The critical success factor to improving collections is to reach as many customers as often as possible. However, if you’re still using paper or reliant on manual email to send or follow up on open
Bad accounting data is a cash trap. When customer and contact data are missing or incorrect, your collections on those accounts slow down dramatically. Keeping accounting data accurate can seem like a never ending chore,
The pandemic has created a New Normal in accounts receivable. Every process is going remote and digital, and it’s having a significant impact in reducing DSO. But where do you start and how do you
Attending Intacct Advantage? As a Intacct Advantage sponsor, we are excited to welcome you to this year’s virtual experience on October 20-21, 2020. Advantage is the premier event for Sage Intacct and Sage People
Digital transformation comes with many hurdles. One of the biggest challenges is getting your vendors and customers to transform with you. Done the right way, customers and vendors can collaborate without having to change
The purpose of credit management is to provide a process for extending credit and collecting accounts receivable consistent with your company’s commercial and financial objectives. In the new normal managing credit risk and protecting
If you’re using email in your collections process, you have probably thought to yourself “Are my customers even reading these emails?”. Crafting collection emails that will be opened, read and paid on can be
Curious where your collections stack up? Last month we presented our Collections Benchmark Report where we analyzed dozens of receivables metrics and aging across a wide number of companies and industries using Lockstep Collect.
When it comes to collections, your most valuable asset is your team’s time. If the team spends time on the right activities, you can maximize cash receipts. This is truly a case where time