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 it possible to develop and report AR forecasts 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
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 AR 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 Incorrect or out-of-date information in customer profiles can result in errors, disputes and unhappy customers.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, you can increase
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
Customer contact is essential to successful collections. Timely, customized communications will increase collections, reduce DSO, accelerate cash flow, increase efficiency and enhance customer experience. Scale AR outreach with automated communications driven by customer data
AR collections automation is the digital transformation of processes to automated collections solutions. Automation increases collections, accelerates cash flow, improves efficiency and enhances customer experience. Accounts receivable collection automation includes digitizing the following processes to
After determining which AR automation for Acumatica will give you the essential solutions you will need for the future, the next step is to find the right AR automation software for Acumatica ERP. AR automation
Keeping customers connected increases collections, reduces DSO, and accelerates cash flow. The benefits of automating your collections with Acumatica are features that give you the ability to stay connected with customers and meet AR goals.
Application Deadline: May 7th, 2021 In late April 2021, Lockstep launched the 2021 Summer Internship for software engineers. Our goal was to give new programmers, just starting out in their careers, a chance to shine
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