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 Whittney|Categories: IOFM Series|Comments Off on Eliminate the Paper Chase with AR Invoice 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
By Whittney|Categories: IOFM Series|Comments Off on AR Departments Need Automation Among Heightened Risk of Fraud in Work from Home Era
Automated AR 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 impact
By Whittney|Categories: IOFM Series|Comments Off on What’s Holding AR Departments Back from Automating Manual Processes?
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. Your
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 Incorrect or out-of-date information in customer profiles can result in errors, disputes and unhappy customers.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, you can increase time
By Whittney|Categories: Connected Accounting|Comments Off on Increase Time for Collections and Empower your Customers with Profile Management
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 emails
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 collections automation includes digitizing the following processes to
Automating collections is the digital transformation of manual collections processes to automated collections solutions. Collections are automated to increase collections, reduce DSO, accelerate cash flow, improve efficiency and enhance customer experience. Collections automation includes digitizing
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