“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.
WRITE A LETTER TO CUSTOMERS ABOUT EMAILING INVOICES AND REMINDERS
The benefits of using email for accounts receivable purposes, such as sending out invoices, getting customers to pay or sending out reminders, are numerous. You are using less energy, resources and money to send more
THE ROI OF EMAIL FOR ACCOUNTS RECEIVABLE
So far in this blog series on using email for accounts receivable we’ve covered why you should be using email to send invoices and payment reminders and how to get your customers to make the
HOW TO PUSH CUSTOMERS TO EMAIL FOR ACCOUNTS RECEIVABLE
Sending invoices and payment reminders through email is one of the quickest ways to communicate with customers. They receive the invoice immediately and can even have the option to pay immediately through an online bill
WHY YOU NEED CUSTOMER EMAILS FOR ACCOUNTS RECEIVABLE
Email has become one of the most prominent forms of communications between businesses. It’s instant and allows for work to get done much more quickly. Despite this being our number one form of communication, for
HOW TO COMBAT ACCOUNTING RELATED STRESS
Most people, at some point another in their professional career, will tell you that they get stressed. However, a recent study by staffing firm Accountemps is showing that accountants and finance professionals are especially feeling
USING ACCOUNTS RECEIVABLE ANALYTICS TO SPEED UP PAYMENT
Accounts receivable automation is a huge help to ensuring that you are getting in touch with customers on time and getting paid as quickly as possible. However, the automation only works at its very best
WHAT TO DO WHEN A CUSTOMER DIDN’T HAVE AUTHORITY TO SIGN THE PAYMENT TERMS CONTRACT
When you work in the accounts receivable department of any company, you will likely hear every excuse in the book over the course of your years collecting. One that ends up being fairly common is
HOW IS SAME DAY ACH AFFECTING B2B PAYMENTS
Same Day ACH rolled out at the end of last year. The point of same day ACH is the ability for a company to send an ACH payment to another company and it will be
HOW TO MAKE THE PERFECT COLLECTION CALL
Making collection calls is never easy to do. No matter how long you have been doing it, there is always someone that ends up throwing a curve ball and you simply don’t know how to
THE BASICS OF EXTENDING CREDIT INTERNATIONALLY
As your company grows, you may begin to start working with companies internationally. As you start to extend credit to these companies in different countries, there are a few nuances that you will need to
27 ACCOUNTS RECEIVABLE MANAGEMENT FACTS FOR THE CFO
Dealing with accounts receivable can be frustrating. Especially if you're continually running into issues with customers taking far too long to pay. One thing is for sure from these accounts receivable statistics, you’re definitely not
WHAT TO DO BEFORE SUING FOR UNPAID INVOICES
Working in accounts receivable, it is almost inevitable that you will one day run into a situation where a customer is withholding payment much longer than you find to be acceptable. At this point,
HOW TO CREATE AN ACCOUNTS RECEIVABLE SOFTWARE RFP
INTRODUCTION When going through the process of selecting software of any kind, the first step is always to identify your requirements and separate your needs from your wants; only then will you be able
ACCOUNTS RECEIVABLE BEST PRACTICES CHECKLIST
As an accounts receivable management professional, you are well aware that there are just not enough hours in the day. You’re not alone; we are all constantly looking for ways to become more efficient