Top Reasons You’ll Want to Automate Your Accounts Receivable
How can you find more time in your work day, while also being able to keep your cash flowing? Traditional methods of invoicing are tedious, prone to error, and time-consuming. It can be difficult and complicated to reconcile at the end of a payment period, and costly for supplies. You are tasked with the monotony of rewriting each customer detail and accurately relaying sensitive payment information. (more…)
- Published in Invoice Payments
Are Your Accounts Receivable a Mess? Here’s How to Fix It.
Keeping your accounts receivable in order is a challenge. Often the problem seems to lie with others. According to a 2017 Payment Practices study by Atradius, 92.6 percent of businesses report late payments, 48.8 percent of invoices are overdue, and businesses were forced to write off 2.1 percent of receivables as uncollectible. While we can’t control when and how clients make payments, setting up measures to keep accounts streamlined can clear up the clutter. (more…)
- Published in Invoice Payments, Invoice Tracking