Are you doing the right things to get paid?
Download our eBook analyzing AR automation impacts across a wide number of companies and industries with Anytime Collect. See where your collection’s stack up against our benchmarks.
When you are working remotely the last thing you want to hassle with is mail. Whether it is customer correspondence or checks, not having a mailroom to handle the physical distribution of mail and
A crucial task to overcome in remote work is communicating properly with your team. This is especially important in the accounts receivable department because communication among collectors is a key to your success. Your
DSO is driven by customer payment behavior and ability to pay. Customer payment behavior and ability to pay can be influenced by internal and external factors. Internal factors are easier to understand and quantify,
The social interaction many people get from going into the office is something that is taken for granted until you move into remote work. Many people don’t realize how often they interact face-to-face with
Anytime Collect is excited to announce a partnership with APS Payments, a gateway, processor, and integrator that is trusted by thousands of merchants daily to process payments. APS Payments and Anytime Collect have a
The types of payment channels you offer can affect customer payment behavior. If you are frustrated by unsuccessful efforts to reduce DSO, and you have not changed your payment channels for some time, it’s
When you’re transitioning your accounts receivable operations to a remote work method, you will have a period of getting used to your new work environment and habits. Once your remote work infrastructure and remote
Late payment behavior increases DSO. If a large percentage of your customers are late payers, they can cause DSO to expand enough to snare you in a cash trap. Collection bottlenecks can make reducing
If you’re typically an office worker and you’re venturing into the work from home space for the first time, the transition can take a toll on your productivity. If you don’t establish a good
Making the transition to remote work for many companies can initially be a challenge. At Anytime Collect, our company was built on a remote work model and we want to share some of the
Getting a new customer set up in your system and completing transactions without a problem is a major step in establishing a lasting business relationship. Setting up a new customer in your system can
Knowing your customer payment behavior can help you to control and reduce DSO. If you know your customer payment behavior you can shape your Credit Policy to achieve the DSO level that is a
DSO can be a difficult AR metric to analyze and understand. It can be misinterpreted because of seasonal sales impacts and large swings in sales due to sales promotions, new product introductions and changes
Collection Policy has a direct impact on the quality of AR and the DSO your company will need to finance. It is the formalization of the practices and procedures used to collect AR and