THE MYTHS OF ACCOUNTS RECEIVABLE MANAGEMENT: BUSTED
Everyone loves a good urban legend or story but when it comes to collecting the money owed to your company, don’t fall victim to these popular accounts receivable management myths. MYTH #1: MY ERP
Everyone loves a good urban legend or story but when it comes to collecting the money owed to your company, don’t fall victim to these popular accounts receivable management myths. MYTH #1: MY ERP
When you send a collection letter you have two primary goals; to get paid and to maintain a positive relationship with your customer. It may seem easy, but it’s harder than you might think to
Many accounts receivable departments feel that using an automation tool is an out of reach option, prohibited by cost. However, accounts receivable automation software has become even more affordable due to SaaS options. Many times
Any AR professional has heard, “the check is in the mail” or, “It is on the way” or some other version of that statement. So when you hear it, do you believe it? Most
The first step of the accounts receivable management process is invoicing. It seems pretty straightforward and easy, but many times unclear invoices are at the root of late payments. Sometimes in our rush to
The business sector is constantly changing due to new emerging technologies. First came ERP, then SaaS and BI. Now there’s artificial intelligence, augmented reality and virtual assistants. All of these changed the game, or still
There are many steps that go into finalizing the sale of a product or service; there is pricing, then quote creation, negotiation, approvals, and contract and order management. Once all of the work is
PayStream Advisors, a financial research and advisory firm, conducted a study to better understand the order to cash cycle. In it, they discovered what are some of the most common challenges facing collection departments and
[vc_row][vc_column][vc_video link="https://youtu.be/s6BM8d0KuZs" align="center"][/vc_column][/vc_row][vc_row][vc_column][vc_cta h2="REQUEST DEMO" txt_align="center" color="turquoise" el_width="xs" add_icon="bottom" i_type="entypo" i_icon_entypo="entypo-icon entypo-icon-doc-text" i_color="grey" i_background_style="rounded" i_background_color="turquoise" i_size="xl" i_on_border="true" i_link="url:https%3A%2F%2Flockstep.io%2Frequest-demo%2F|||"] Want to learn more about automating your collection email process? Request a demo here. [/vc_cta][/vc_column][/vc_row]
B2B vs. B2C. What’s the big difference? Anyone in the industries will be quick to correct you and tell you exactly what the difference is. I’m here, not to point out who our customers