Connected Accounting Resources: Learn more about how AR automation can transform your accounting department.
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SWK Technologies Adds Lockstep Collect to Suite of Offerings
SWK Technologies, Inc., a national provider of business management technology solutions and services, announced that it has added Lockstep Collect, the world’s first connected accounting cloud, and VelocIT Business Solutions, a custom software development firm
Persistence is the Winning Strategy to Collect On-time Payments
Persistence is key to collecting on-time payments, but it takes a lot of time and discipline to be successful with manual accounts receivable (AR) processes. Customers that are contacted regularly for payment know you mean
How Early is Too Early to Send Payment Reminders?
Finding the right balance of when to remind customers of open invoices can be tricky. You don’t want to be annoying, but you also need to be paid on-time. In this sense, it is
The 2 Forms of Payment You Should Always Accept
Make it easy for customers to pay you by accepting all forms of payment including: electronic transfer, automated clearing house (ACH), credit cards, fintech payment processors such as PayPal, and paper checks. It will facilitate
Creating Payment Terms that Ensure Timely Payment
The choice of payment terms can ensure timely payment of your invoices. You need to consider a number of factors before deciding which payment terms to use. Choosing the wrong payment terms can result in
How to Ensure all Invoices are Accurate for On-Time Payments
Accurate invoices are a necessity to ensure that your invoices are paid on-time. Inaccurate invoices can lead to disputes and delays in payment. Payment delays reduce cash flow and increase DSOs, a situation many
The Importance of Sending Timely Invoices
Manually creating invoices from scratch is a time consuming task. In an office with manual AR processes, invoicing is juggled with other competing priorities. Instead of making invoicing a top priority, manual offices often
7 Tips for Ensuring You Receive Payment On-Time
If your DSOs are too high, take a look at your AR processes to see what can be done to increase on-time payments. After an order ships, the order to cash process (OTC) in
Keep your AR Team Happy and Eliminate Manual Tasks
Would you like to lower your DSO by 12 days or more, enhance customer experience, and keep your AR team happy? AR automation will eliminate manual AR tasks, increase cash flow, and keep your
Automate Cash Application and Eliminate Manual Entry Issues
Cash application is often overlooked in the AR process because it’s the last step in the cycle, and for many companies a tedious, time consuming task. However, there are a number of reasons why
Stop Putting Hurdles in Front of Customer Payments: Why Payment Options is a Must in AR
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 isn’t
Get Control of Invoice Deductions and Disputes with AR Automation
Accounts receivable invoice deductions and disputes can be a big problem when you use manual AR processes. Your AR team typically doesn’t find out about them until after deductions have been taken, and it
Getting Paid in Construction is Harder Than It Used to Be
Getting paid in construction is hard. But we probably don’t need to tell you that. The truth is that construction has the slowest payments of any industry, and things are only getting worse. That is
Why It’s Crucial to Have a Standardized Accounts Receivable Process
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 accounts receivable automation and