Doing more with existing staff is a challenge no matter what department is involved. In Accounts Receivable, it’s vital.
The two best ways to ensure that your people are in the best position possible for speedy invoice collection, are to automate processes, and make sure that you have proper accounts receivable software (as opposed to accounting software that can handle accounts receivable).
Automating processes, like reminder emails, is the fastest way to accomplish more with less time invested by people. Once you have the it all set up with the templates in place, the rest is taken care of for you . Reminders go out at exactly the same time. Late notices are sent without having to pull the report of exactly who is late. It takes all the pain of tedious repetitive tasks away from your staff, so they can focus on more important things that absolutely require human attention.
The software you choose for your accounts receivable department can make the difference between a smooth , fluid system and a huge time-consuming pain! Whatever invoice software you’re using, make sure it built with accounts receivable in mind. Does it make invoice collection and automation easy? Or is there a lot of tedious data entry to be done (that can consume tens of hours every week)? The tools to enable your staff to get more done exist! It’d be a shame not to take advantage of them.