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Are you still manually processing customer payments? If your answer is yes, then you are missing out on one of the best accounts receivable automation projects available. A customer payment portal can be integrated with
One of the most widely used AR KPIs is Days Sales Outstanding or DSO. It is a measurement of the number of days of sales outstanding based your AR balance at a point in
AR automation can increase your collections, reduce costs and provide your AR team with a more fulfilling work environment. The best AR automation features provide your customers with self-service options so they can pay their
You can achieve your collection KPIs, if you understand how your AR team engages your customers influences their behavior. Carefully crafted collection procedures based on data driven analysis of customer behavior will increase your collections
Is your AR team achieving collection goals? If it isn’t, it could be that the collection techniques they are using are not effective in influencing customer behavior. If you want to increase collections, you need
Do you sometimes feel that your AR team is always playing catch-up with collections instead of using data to drive collections? It could be that you need a better understanding of what KPIs drive collections,
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
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
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
Quickly converting accounts receivable to cash is always a challenge for any company. It is also a necessity for young, rapidly growing companies that are short of capital and have not established a solid
If you need to accelerate cash receipts from accounts receivable to pay suppliers or keep your company operating, one alternative to consider may be invoice factoring. When you use invoice factoring, you sell your invoice
Invoice Factoring is a commonly used method of accelerating cash receipts from accounts receivable in some industries. It has traditionally been used by suppliers to retailers and other B2B seasonal industries, who need to keep
Investing in invoice automation is as close as can you get to a sure thing in business. The ROI of using invoice automation is high because the returns are large and the investment can be
Are you still processing customer invoices manually? Are your people still creating paper invoices from scratch each time you bill a customer? Are your people still folding invoices, stuffing envelopes, affixing postage stamps and mailing