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
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
Would you like to lower your DSO by 12 days or more, enhance customer experience, and keep your AR team happy? Accounts receivable automation will eliminate manual AR processes, increase cash flow, and keep your
By Whittney|Categories: IOFM Series|Comments Off on Keep your AR Department Happy and Automate Manual Processes
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 Whittney|Categories: IOFM Series|Comments Off on Stop Putting Hurdles in Front of Customer Payments: Why Online Payment Options is a Must in AR
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 takes
By Whittney|Categories: IOFM Series|Comments Off on Get Control of Invoice Deductions and Disputes with AR Automation
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
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
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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
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