“Our DSOs are down and we have beaten our collections targets for two quarters in a row. I attribute that to ramping up on Lockstep Collect and it’s automation.”
See how accounting departments are succeeding with Lockstep Collect.
HOW TO USE ACCOUNTS RECEIVABLE ANALYSIS TO STUN YOUR EXECUTIVE LEADERSHIP
We talk a lot about accounts receivable automation here on the blog, but that’s only the first step in improving your credit management and invoice collection strategies. The next step comes in the form
TAKING ACCOUNTS RECEIVABLE ONE STEP FURTHER WITH SAGE INTACCT INVOICING SOFTWARE
One of the most important tasks of accounts receivable is invoicing. If you’re not sending out invoices, your customers don’t know what is due and then they’re not making payments. Your timing of when
HOW TO STAY PROACTIVE ON INVOICE COLLECTIONS TO GET PAID FASTER
If you notice that a majority of your invoices have gone uncollected, the answer to your problem may lie internally. If you become more proactive on collections, you may notice a decrease in days
4 NETSUITE ACCOUNTS RECEIVABLE SOFTWARE FEATURES NO ONE SHOULD LIVE WITHOUT
There’s no doubt that Netsuite is one of the number one cloud ERP software solutions on the market. As a true cloud solution, Netsuite offers a flexible solution that can fit around most business
8 MUST-HAVE FEATURES TO CONSIDER DURING DEBT COLLECTION SOFTWARE SELECTION
You might be aware of the benefits of debt collection software, such as making invoice creation faster, automating communications, removing payment barriers, etc. but you can only recognize those benefits when you choose software
2 CRITICAL QUESTIONS TO ASK YOURSELF WHEN MANAGING LAW FIRM ACCOUNTS RECEIVABLE
Firms lose thousands of dollars every year to the overhead costs of managing accounts receivable, for hours of work that they are never paid for, and on invoices they were never able to collect
HOW TO RESPOND WHEN YOU HEAR “WE NEVER RECEIVED THE INVOICE”
We have heard some bad payment excuses over the years, ranging from slightly believable to downright ridiculous. This blog post will be focused on the slightly more believable excuse: We never received your invoice.
4 EASY STEPS TO GET SALES AND ACCOUNTS RECEIVABLE WORKING TOGETHER AS A TEAM
We’re not sure where the rivalry among the sales and accounts receivable department cropped up, but we are sure of one thing: it has got to stop. Truly, this rivalry is not helping anyone
UNDERSTANDING ACCOUNTS RECEIVABLE PLEDGING – AND 3 WAYS YOU CAN EASILY AVOID IT
[vc_row][vc_column][vc_column_text]When it comes down to it and you’re strapped for cash, a lot of businesses tend to turn to their accounts receivable. This doesn’t always mean that they are putting more pressure on their customers
THE TOP 4 FINANCIAL CHALLENGES FOR NON-PROFIT ORGANIZATIONS AND HOW TO FIX THEM
Working for a non-profit is a mighty cause, but it can also be a mighty challenge. Compared to accounting peers at for-profit organizations, a non-profit’s budget is much smaller and has less resources to work
CREATING COLLABORATION AND CONTINUITY IN THE COLLECTIONS PROCESS
INTRODUCTION Collaboration and continuity are two extremely important parts of running an accounts receivable department. So, what exactly do we mean by collaboration and continuity? These two words can hold a lot of meaning,
4 STEPS TO CREATING AN ACCOUNTS RECEIVABLE CONTINUITY PLAN
Most businesses have a continuity plan. It states what types of disasters could occur in your business that are, usually, beyond your control and how you can try to avoid them or diminish the
THE IMPOSSIBLE TASK OF COLLABORATING WITH SALES: HOW TO PULL IT OFF IN YOUR ACCOUNTS RECEIVABLE STRATEGY
One relationship that often times isn’t existent in a company, but really should be, is a relationship between the accounts receivable department and sales. Collaboration between these two departments helps create a cohesive channel
WHY COLLABORATION AND CONTINUITY SHOULD BE PART OF YOUR ACCOUNTS RECEIVABLE STRATEGY
When creating a strategy for your accounts receivable department, often times managers will include steps like credit policy, invoice dispute management, escalation processes, invoice templates and call scripts. While these are all important parts to