Most businesses track DSO as the major metric for AR management. DSO tracks the average time it takes for consumers to make all of their bill payments – early, on-time, and late. Average Days Delinquent (ADD), on the other hand, s...
Many advanced accounts receivable (AR) automation tools have started offering features that allow you to create customized customer strategies based on invoice aging or total outstanding amounts and so on. These features typically...
In today’s fast-paced, competitive business environment, businesses need to continuously communicate with their customers in order to improve customer engagement, lower operating expenses, and most importantly, streamline workflow...
A formal purchasing process is essential for all businesses, and even more for businesses that wish to scale up without any sudden roadblocks. It, not only, facilitates quicker and more effective purchasing, but also offers transp...
In conventional AR Management Systems, sending out manual reminders to customers about overdue payments and sending out dunning letters are highly dependent on human intervention. The things that helps your AR Teams follow this pr...
Cloud Computing and the use of Cloud-based Solutions, both in the current context and in the future, is being ranked among the most significant trends in the management of Accounts Receivable. Cloud-based AR Solutions are becoming...
When it comes to Accounts Receivable Management, delayed collections, higher DSOs, bad debts, inaccurate or uninformed manual forecasting methods, spreadsheet errors, and lack of 360o visibility are an unfortunate reality that man...
This would be the question on the minds of most of us because when hear the term ‘blockchain’, we almost immediately think of cryptocurrency (Bitcoin, Ethereum…). Well, there’s more to blockchain than just cryptocurrency. In fact,...
Efficiently and effectively managing the accounts receivable process is a tedious and a time-consuming job. For CFOs and their finance teams, optimizing accounts receivable is one of the three cornerstones of efficient working cap...