Consider all the tasks your team must complete to get cash in the door. Every month they create, print and mail invoices. Not all payments come in on time, so your staff must identify clients who need follow up. That usually requires running AR aging reports and sorting them manually to prioritize the calls. Then there are phone calls to be made, followed by waiting for payment and another round of follow-up calls - just in time for the next month’s invoicing cycle.Read More
Robots are a familiar site in most modern manufacturing facilities. And now, they are becoming more and more prevalent – only you cannot see them. These invisible robots are better known as “Robotic process automation” (RPA). Industrial robots revolutionised the manufacturing sector. Robotic process automation will disrupt the back office.Read More
Far, far away in the land of Silicon Mountain, where new ideas are dreamt, innovations are cultivated and efficiency is the goal, was a young, tired, overworked back office lady. This lovely lady that went by the name of Aimee worked for the next predicted unicorn of the land. Her small team of herself and just 2 others approved credit worthiness, invoiced, collected and applied cash for her ever growing company.Read More
Purchasing a technology solution can represent a huge up-front investment for a corporation—but one that can potentially pay for itself many times over. But make the wrong choice and that investment can turn into a financial sinkhole.Read More
Working capital is oxygen to the nation’s 200,000 middle-market businesses, vital to their survival, competitiveness and growth. But managing working capital efficiently is all too often a challenge.Read More
Many business owners choose to automate their business operations because of the promise of higher productivity and greater efficiency.Read More
The bigger your small business grows, the more job positions you develop. Now is the perfect time to hire professional workers who will dedicate their knowledge, time and experience to help in the various office, sales and manufacturing roles. It is also the time to look toward payroll services so you can efficiently pay these new workers, keep track of employee benefits, and file employee payroll taxes at all state and government levels.Read More
In the midst of a busy workload, your invoices can get buried in your clients’ inboxes. While the first time is understandable, you shouldn’t let this become a habit as it could severely damage your business’ cash flow.
Using an accounts receivable software can help you manage your client billings and collect your business payments faster. To help you further in getting your invoice prioritized and paid on time, here are some tips we’ve collected.