How Productive Is Your Collections Team?

For most businesses, accounts receivable (AR) has been developed and standardized to ensure one thing: that payments are received on time. Outstanding receivables are not only the bane of most accounting teams, they can be used to gauge their productivity (or lack thereof).

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3 Ways to Move Your AR Department Out of the Dark Ages

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.

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YayPay Fable: AR Aimee and the Collections Beast

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.

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Getting a Handle on Collections: Financing vs. Workflow Automation?

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.

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How to Get Your Invoice Prioritized and Paid

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Help Your Finance Team Spend More Time on Strategic Tasks

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Mastering Day Sales Oustanding (DSO) KPI

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5 Tips for Faster Invoice Collection

You and your employees worked all weekend to get a project finished for a long-time client. It was a demanding deadline, but you rallied the team together and got it done. You delivered on time. It's over. Now you can take a deep breath, sit back, and wait for the check to arrive.
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