SWK Technologies, Inc., a national provider of business management technology solutions and services, announced that it has added Lockstep Collect, the world’s first connected accounting cloud, and VelocIT Business Solutions, a custom software development firm
Persistence is key to collecting on-time payments, but it takes a lot of time and discipline to be successful with manual accounts receivable (AR) processes. Customers that are contacted regularly for payment know you mean
Make it easy for customers to pay you by accepting all forms of payment including: electronic transfer, automated clearing house (ACH), credit cards, fintech payment processors such as PayPal, and paper checks. It will facilitate
The choice of payment terms can ensure timely payment of your invoices. You need to consider a number of factors before deciding which payment terms to use. Choosing the wrong payment terms can result in
Accurate invoices are a necessity to ensure that your invoices are paid on-time. Inaccurate invoices can lead to disputes and delays in payment. Payment delays reduce cash flow and increase DSOs, a situation many
Manually creating invoices from scratch is a time consuming task. In an office with manual AR processes, invoicing is juggled with other competing priorities. Instead of making invoicing a top priority, manual offices often
Putting hurdles in front of customer payments may be hurting your cash flow. With many AP departments forced to work remotely during the pandemic, the transformation to electronic payments became a necessity, and it isn’t
By Whittney|IOFM Series|Comments Off on Stop Putting Hurdles in Front of Customer Payments: Why Payment Options is a Must in AR
Accounts receivable invoice deductions and disputes can be a big problem when you use manual AR processes. Your AR team typically doesn’t find out about them until after deductions have been taken, and it
By Whittney|IOFM Series|Comments Off on Get Control of Invoice Deductions and Disputes with AR Automation
The pandemic turned the world upside down. It changed the way we live and do business. The paradigm shift to remote work developed in response to the pandemic. Businesses with accounts receivable automation and
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.