Self-service AR is a logical extension of automating office processes. It helps automate both sides of a transaction. It closes the loop with your customer, and increases efficiency and the accuracy and timeliness of
Good vendor relationships are essential to servicing your customers and reducing costs. Make your company easy to do business with. Provide a self-service portal to vendors to maintain their accounts and communicate with your
Self-service AR can give your customers the convenience and flexibility to work remotely, and choose when they work on their accounts. A self-serve portal gives your customers ownership in the management of their accounts,
AR automation needs to be customized. It’s not a one-size fits all solution. Automation works best when it is tailored to fit your business model. The rules engine used in AR automation can be
Credit and collections activities need to be automated more than ever. AR staffing issues, rising delinquencies, and the need for cash flow to finance your company through the recovery make efficient and effective collections
Automating credit rules will save time that can be spent contacting customers, and improve AR credit quality. Credit quality has a direct impact on collections. Higher quality accounts receivable are easier to collect, so
Automation of the credit and collections process is defined by the rules you set. The rules should be based on experience with your customers and best practices. Rules can always be changed. If a
If you have manual collections, you need to evaluate your collections with the results that can be achieved with automated collections. It is important to understand the fundamentals of your manual process compared with
Using data management best practices helps to ensure that your customer and vendor master data is correct and up to date. Clean master data reduces errors, disputes and unauthorized deductions. Here are the most
With correct and current master data for customer and vendor contacts, you can use the power of digital technology to increase productivity in your accounting department, go paperless and automate business processes. Validating master
