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Accelerate Collection of Receivables: Strategies to Streamline Invoice to Cash

Gaviti

If this sounds like your company, then the best solution is to accelerate your accounts receivable collection so you can turn sales into capital you can actually use to maintain your business. There are many strategies to streamline invoice collection to get the money owed to your company quicker.

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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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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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A Guide to Invoice Management in NetSuite

Nanonets

We will also discuss NetSuite and AI-enabled automation to simplify some of the manual processes in AR and AP NetSuite Invoicing - Accounts Receivable (AR) Collecting payments from customers can be a constant struggle for many businesses. Real-Time Payment Visibility:  Gain real-time insights into your AR aging.

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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.