Let's face it, managing Accounts Receivable manually is thankless work; filled with exhaustive, repetitive tasks, and the occasional upset customer (especially at scale). The endless spreadsheets, follow up calls, reminder emails, etc, can consume […]
Payment automation is a tool that you are much more familiar with that you might think-- Do you use a media platform that automatically charges you each month for its service? Then you already know how convenient it is to not have to worry about […]
Looking for something to take your business to the next level? Consider examining your Quote-to-Cash process for areas of improvement.
The vast majority of accounts receivable disputes are due to honest customers perceiving (real or imaginary) an error somewhere in the process.
We see the same mistakes over and over again in account receivables departments that complain of constricted cash flow. Even being aware of these habits can prevent headaches down the line.
Believe it or not, management impacts the attitude of even indirect employees. Accounts Receivable is an often thankless job, but it holds the key to the cash flow into your business.
They say the first written documents ever created were ledgers... The Accounts Receivable tools that most companies use today were created shortly thereafter. Want to get more out of your Accounts Receivable team? If you aren’t using software tools […]
Want to get more from your accounts receivable team? Try offering incentives. Many companies have successfully implemented the following three programs, typically on a quarterly basis.
Accounts receivable depends on a lot of factors for everything to flow smoothly, and it’s always surprising how many people don’t have a strong system in place. When your accounts receivable team grows to more than one person (or even more than just […]
In times of economic instability, paying bills becomes problematic as the flow of income becomes more uncertain. Whether the markets are running scared in fear of national elections, territories seceding, or countries leaving the EU; unstable […]
Statistically, your accounting software will alert you about a new past due invoice in the next few months. There are some industries which are worse than others in the tardiness department, and can cause your account receivables department more […]
More than 90% of businesses which operate on credit have dealt with late payments in the last 12 months. Foreign or domestic transactions don’t matter, neither does the industry, although some are statistically more likely to pay late than others.