Your Virtual Credit Manager
JANUARY 17, 2023
Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow. The sales team learned very quickly that eliminating the friction from the billing and payment processes facilitated earlier customer payments, hence larger commissions.
Your Virtual Credit Manager
JULY 11, 2023
Accounts Receivable (AR) is among the three largest assets on most companies’ books — inventory along with plant and equipment are the other two. AR is also the primary source of cash to fund daily operations.
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Lockstep
MARCH 29, 2022
Managing today’s accounting email inboxes is extremely labor intensive and limiting. This leaves teams needing to use email, spreadsheets, ERP systems, collaboration tools, productivity tools, phone calls, IMs, and smoke signals to close the books. And knowing where you stack up regarding days sales outstanding (DSO) or AR Aging?
The Corcentric Blog
JUNE 27, 2023
Accounts Receivable automation has been increasingly adopted by businesses as a way to streamline their financial processes and optimise their cash flow. Many similar technologies are already in use for accounts payable (AP) departments, such as algorithms and AI to automate the processing of invoices received.
Gaviti
FEBRUARY 6, 2023
As accounting processes continue to evolve, it’s becoming increasingly clear that harnessing the power of technology can help businesses streamline their operations and make more informed decisions. Below, we’re reviewing some of the top accounts receivable challenges in 2023 and offering quick ways to shore up your collections process.
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