Are you doing the right things to get paid?
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The uncertainty of when the economy will open up and how fast it will open is part of the new normal you need to adjust for in making credit decisions. Non-essential businesses are subject
Projecting cash receipts has taken on a new importance for many companies in the new normal as they struggle to survive in an uncertain business environment. Many businesses have cut back operations or closed
As the world shifts to more remote work, accounts receivable departments have to shift their collections process to keep up with the new normal. If you are working from home, you don’t want people
The uncertainties of how customers will pay their bills in the face of full or partial shutdowns of unknown duration, and the unpredictable amount of time required for the economy to fully recover once
With many businesses shutdown or operating on a reduced schedule, the need to forecast revenue and cash flow is more important than ever. The uncertainty of when the economy will reopen and how fast
As your sales team knows, landing and developing a new customer relationship can take a lot of time and effort. Because of this, sales people want to stay on top of any problems with
Online collections are a must for low cost, efficient AR operations, which can be conveniently staffed at your office or a remote location. The challenge in achieving digital collections is getting the customers, who
The benefits of having 100% digital collections are substantial for both you and your customer. Lower costs, increased efficiency, convenience and the ability to work remotely are strong incentives to get late adopters on
Digital collections are the answer to getting out from under the cost and delays caused by processing customer checks, and taking payments over the phone. Digital collections also make it possible for employees and
The Ultimate Playbook to Reducing DSO Are you running out of cash to pay suppliers, employees and operating expenses? Chances are you may be caught in a cash trap. Cash is the key component
Are you preparing for remote work? As we all work through this time of uncertainty, sharing best practices and lessons learned between companies can be one of the best ways to help each other.
Remote work is increasingly becoming the new normal for many companies. Whether they are your employees or independent contractors, remote workers need to access data with a minimum amount of handling and manipulation to
Making the transition to remote work for many companies can initially be a challenge. This is especially true for accounts receivable teams. Collections is a people-centric job. Collections professionals spend majority of their time
After you have set up your at-home workspace, created your daily processes and established lines of communication for your accounts receivable team, it’s time to turn your attention to your customers. If your customers