7 Tips for Ensuring You Receive B2B Payments On-Time
If your DSOs are too high, take a look at your AR processes to see what can be done to increase on-time B2B payments. After an order ships, the order to cash process (OTC) in
Keep your AR Department Happy and Automate Manual Processes
Would you like to lower your DSO by 12 days or more, enhance customer experience, and keep your AR team happy? Accounts receivable automation will eliminate manual AR processes, increase cash flow, and keep your
Automation of the Cash Application Process Eliminates Manual Entry Issues
Cash application is often overlooked in the AR process because it’s the last step in the cycle, and for many companies a tedious, time consuming task. However, there are a number of reasons why cash
Stop Putting Hurdles in Front of Customer Payments: Why Online Payment Options is a Must in AR
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
Get Control of Invoice Deductions and Disputes with AR Automation
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 takes
Getting Paid in Construction is Harder Than It Used to Be
Getting paid in construction is hard. But we probably don’t need to tell you that. The truth is that construction has the slowest payments of any industry, and things are only getting worse. That is
Why It’s Crucial to Have a Standardized Accounts Receivable Process
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 standardized
Eliminate the Paper Chase with AR Invoice Automation to Increase Cash Flow
Paper doesn’t work very well in the digital world of remote work, or with customers that are 100% automated. Manual processes that use paper invoices are inefficient, delay payments, increase DSO, and decrease cash
Increasing Cash Flow with Order to Cash Process Automation
The speed of your company’s Order to Cash (OTC) cycle drives cash flow generation. The OTC cycle converts inventory to AR, and AR to cash. Cash flow can be accelerated by increasing the speed of
AR Departments Need Automation Among Heightened Risk of Fraud in Work from Home Era
Compliance issues have become a major risk for many companies. The possibility of AR fraud entangling companies in illegal transactions with customers is a growing concern. The consequences of unknowingly being involved in money
