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
Automation makes AR reporting and forecasting possible using real-time information without using your teams’ collection time. Collections automation will make your job easier, and furnish timely and concise KPI reporting to your executive team. Your
In April, my team set out to design a new recruiting project: the Lockstep Software Engineering Internship. Our company is growing rapidly, but we also made the decision (before the pandemic) that we would be
Automated collection processes run on customer master data. Incorrect or out-of-date information in customer profiles can result in errors, disputes and unhappy customers. If your team is maintaining customer profiles manually, you can increase time
Do your collectors seek your advice and welcome your insights? If not, it may be that you don’t have the collections automation tools needed to have a clear view of their activities and success rates.
Do your collectors seek your advice and welcome your insights? If not, it may be that you don’t have the collections automation tools needed to have a clear view of their activities and success
Many of the emails your collectors receive are regarding routine matters. They require manual effort to clear, and make it harder to keep up with collections. Also, customers don’t want to waste time writing emails
Many of the emails your collectors receive are regarding routine matters. They require manual effort to clear, and make it harder to keep up with collections. Also, customers don’t want to waste time writing
Customer contact is essential to successful collections. Timely, customized communications will increase collections, reduce DSO, accelerate cash flow, increase efficiency and enhance customer experience. Scale AR outreach with automated communications driven by customer data
AR collections automation is the digital transformation of processes to automated collections solutions. Automation increases collections, accelerates cash flow, improves efficiency and enhances customer experience. Accounts receivable collections automation includes digitizing the following processes to
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