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Effectively Automate Your AR Collections Process

oAppsNet

The constant need to maintain healthy cash flow, reduce manual workloads, and speed up payment cycles has made collections automation a game-changer for businesses of all sizes. Automating the collections process creates a more streamlined, reliable, and efficient system. The solution? Where does it slow down?

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5 Signs Your Accounts Receivable Process is Not Working

Outsourced Bookeeping

Poor customer communication: Lack of proper communication protocols is the leading cause of AR collection problems. Most did not have a manual of follow-up procedures that needed to be adopted for AR collection. All these businesses are plagued with AR collection problems that eventually trigger cash flow problems.

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5 Signs Your Accounts Receivable Process is Not Working

Outsourced Bookeeping

Poor customer communication: Lack of proper communication protocols is the leading cause of AR collection problems. Most did not have a manual of follow-up procedures that needed to be adopted for AR collection. All these businesses are plagued with AR collection problems that eventually trigger cash flow problems.

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The Importance of the Accounts Receivable Aging Report

Gaviti

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. What Is an AR Aging Report? This report is a valuable tactic to stay on top of cash flow and improve short-term collections forecasting.

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7 Key Accounts Receivable KPIs and Metrics for Managing A/R

Outsourced Bookeeping

Accounts Receivable – Need for Metrics & KPIs: The information stuck in soloed legacy systems, disorganized processes, manual operations, and inconsistent collection process makes AR vague. The need for more visibility and control is akin to staying in the dark about your cash collection process.

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7 Key Accounts Receivable KPIs and Metrics for Managing A/R

Outsourced Bookeeping

Accounts Receivable – Need for Metrics & KPIs: The information stuck in soloed legacy systems, disorganized processes, manual operations, and inconsistent collection process makes AR vague. The need for more visibility and control is akin to staying in the dark about your cash collection process.

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The 18 Best QuickBooks Add-Ons Broken Down QB Desktop & Online

Nanonets

Salesforce can funnel information like contacts, opportunities, and invoices directly into QuickBooks, removing the need for manual data entry between the two systems. Dext Prepare, formerly Receipt Bank, uses data extraction tools to pull information from business receipts and invoices into insightful dashboards and reports.