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
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
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
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 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
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
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
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
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
Automated AR is more important than ever as the economy reopens. AR departments are challenged to increase cash flow and collections in an environment where many customers are still recovering from the devastating economic impact
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