CFOs, AR Managers, and AR Collection Teams – all have different roles to play in the entire AR management process and therefore need access to different things, different information and, of course, different set of analytics. Accounts Receivable Automation Solutions, such as Inebura, gives you the option to add multiple users with completely different access so as to make the process more efficient and productive. It also gives you the option to customize the information that can be accessed at these user levels.
In this blog, we will explore what Inebura can deliver to different users
FOR CFOs:
CFOs do not need to get into detailed analytics – all they need are insightful data points that are unbiased and help them manage their cash flows more efficiently. Inebura does that perfectly and gives access to insights and information that help CFOs make informed strategic financial decisions.
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CFOs are more concerned with improving the visibility of the entire AR Management operation so that they are able to access data-based projections in real time.
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CFOs need to track the progress and results of the Accounts Receivable Team’s efforts and Inebura offers them Actionable Dashboards so they can do a deep audit as and when required.
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CFOs need to be aware of bottlenecks and need to pinpoint red flags that is causing delays in collection. Inebura highlights those areas and raises red flags so that proper control can be exercised or, if need be, pull-up resources or deploy more resources.
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The AR Management Process need to be independent of resources – the conventional manual process is, in fact, far from being independent. Unplanned leaves, employee challenges etc. can be a huge cause of stress. With Inebura, you can automate most of the manual tasks and CFOs can actually go stress-free.
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CFOs, apart from having a comprehensive 360O view of the entire receivable portfolio, need intelligent actionable insights and reports. Inebura ensures that such insights and reports are emailed every day so that CFOs can make well-informed strategic decisions.
FOR AR MANAGERS:
The role of AR Managers in ensuring timely collections cannot be undermined. They have the dual responsibility of ensuring timely collections and also supervising the AR Team’s activities as per the business’ objectives and compliance.
With the conventional manual AR Management process, AR managers spend long hours performing manual, mundane, repetitive tasks that reduce the overall efficiency. Moreover, this also leads to dissatisfaction and AR managers tend to look around for a new job.
An efficiently managed AR process ensures that the AR managers get empowered with the best possible tools that give them full control of their team’s activities and more. And all this is made easy with AR Automation Software, such as Inebura.
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Inebura’s built-in tools, such as automation CRM, makes it easy for AR Managers to allocate tasks to the team and that too instantly. So, AR managers can now say goodbye to manually creating work lists and manually tracking progress because reports and details are mailed.
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With every detail of the process at their fingertips, AR Managers can take complete control on the status of open receivables, take charge of all due tasks, handle and resolve disputes efficiently & effectively, and put into place action points for top debtors.
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Inebura’s many customizable dashboards make it possible to generate reports and forecasts in minutes. Inebura makes many reports, such as aging summary, DSO analysis, and several projections, available with just a click
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Inebura’s many built-in tools make it possible for AR Managers to standardize messages, messaging frequency and approach, and if need be, conduct an audit as and when required.
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Inebura is people agnostic, so for the hands-on AR Manager, it is always business as usual even if one or more team member is missing.
FOR COLLECTION AGENTS & TEAMS:
The collection team is the heart of an efficient and smooth AR operation and they need to be empowered with the right tools and information needed to act more efficiently rather than spending countless hours on tackling mundane manual tasks. With Inebura, information from multiple sources is captured centrally, and this enables absolute transparency and multi-user collaboration.
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Inebura consolidates all customer information on one page and organizes it so that the collection teams can access information as and when required.
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Inebura sends out reminders and notifications so that the collection teams don’t miss out on critical dates. These instant reminders cover all kinds of events, such as customer email responses, promise reviews, dispute reviews, follow-ups etc.
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Inebura’s intelligent analytical tools ensure that the collection teams do not need to manually prepare reports – all they need to do is configure and download the required reports.
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With customer data captured centrally on one platform, the collection teams along with other teams can efficiently process the tasks that need to be accomplished.
With such benefits, AR automation software such as Inebura assists the AR Team in enhancing productivity, decreasing DSO, improving cash flow and thereby enhancing the collection potential. To know more, write to sandeep@inebura.com