Putting hurdles in front of customer payments may be hurting your cash flow. With many AP departments forced to work remotely during the pandemic, the transformation to electronic payments became a necessity, and it
By rhabowski|Categories: IOFM Series|Comments Off on Stop Putting Hurdles in Front of Customer Payments: Why Payment Options is a Must in AR
The pandemic turned the world upside down. It changed the way we live and do business. The paradigm shift to remote work developed in response to the pandemic. Businesses with AR automation and standardized
Paper doesn’t work very well in the digital world of remote work, or with customers that are 100% automated. Manual processes that use paper invoices are inefficient, delay payments, increase DSO, and decrease cash
By rhabowski|Categories: IOFM Series|Comments Off on Eliminate the Paper Chase with AR Automation to Increase Cash Flow
Compliance issues have become a major risk for many companies. The possibility of AR fraud entangling companies in illegal transactions with customers is a growing concern. The consequences of unknowingly being involved in money
AR automation is more important than ever as the economy reopens. AR departments are challenged to increase collections and cash flow in an environment where many customers are still recovering from the devastating economic
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.
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 Incorrect or out-of-date information in customer profiles can result in errors, disputes and unhappy customers.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,
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
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