Cash application is essential to accounts receivable success. Without a superior cash application process, you risk longer days sales outstanding (DSO) and inaccurate reporting of cash flow. What is Cash Application? Simply put, cash
Tackling Accounting's Great Paper Problem The notion that an office cluttered with paper is the sign of a productive, hard-working staff is long gone, but for many finance teams, the paper is still there.
The key challenges impacting AR teams today due to time-consuming, manual processes. The last 18 months have been challenging for finance departments. Through lockdowns, remote work, staff turnover, increasing late payments and rising Days
Losing a customer can result in a hit to your profits and shareholder value. Finding new customers can be difficult and expensive. Companies are increasingly recognizing the importance of customer experience and its impact
With the emergence from the pandemic, many employees have questioned their careers and choice of employer; making the decision to change employers and/or career paths, prompting a new phenomenon dubbed the “Great Resignation”. Current
As the world shifts to more remote work, accounts receivable departments have to shift their collections process to keep up with the new normal. If you are working from home, you don’t want people calling
Are you tired of riding the DSO roller coaster? Tired of wide swings in DSO as sales spike or hit a seasonal pattern? Tired of having to explain why you missed your DSO KPI
The key to accounts receivable optimization is making sure that basic collection and AR processes are designed and working the way they should to achieve your KPIs. A central ingredient to optimizing accounts receivable processes
More and more customers, particularly millennials, want to use self-serve customer portals to manage their accounts with suppliers. They don’t want to have to spend time contacting and speaking with a member of your
AR automation solutions can increase your collections, reduce costs, and provide your AR team with a more fulfilling work environment. The best AR automation features provide your customers with self-service options so they can
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