Blog
What You Gain
- Improve DSO by 30%
- Increase cash flow
- Decrease reserves and write-offs
- Eliminate cumbersome manual collection tasks
In less than 6 months, Burwood Group Inc. reduced Receivables At-Risk (RAR) by 77% and the number of overdue invoices by 60%
It’s Simple Math
The more efficient you are at managing your account receivables collections, the stronger the cash flow is for the company. By making sure the A/R team is equipped with an automated collections tool, they’ll be able to accelerate your cash flow. This will ensure your next forecast will be stronger than ever.
- Faster invoice payment
- Streamline A/R collections process
Find out how TWE Group reduced RAR by 60% in less than 3 months by streamlining the entire collections process through automated workflows and enabling the team to collect faster.
Save Your Time, Save Your Money
Accounts receivable departments often rely heavily on hours upon hours of simple but necessary number crunching and invoice-related tasks. A/R platforms turn necessary tasks into afterthoughts. Forget about tasking staff with repetitive process-oriented headaches and let an A/R automation platform do all that.
- Reduce manual tasks
- Streamline team collaborations
- Process transparency
- Strengthen collection team
- Reduce work hours
Did you know that Wochit was able to save a significant amount of time by eliminating manual tasks associated with tracking current invoices by automated their A/R collection management?
Single Source of Truth
Have you been in a meeting with multiple departments presenting different numbers and outlooks? This happens when you don’t have a single source of information. With an automated account receivables software you’ll never have to worry about whose numbers are correct.
- View real-time performance
- Get better control over your data
- Identify risk
- Optimize reporting and strategy
- Enhanced customer experience
A Closer Look successfully managed to implement a more efficient collections process by automating a large amount of manual work for their A/R team. Read the case study to learn about the simple effort it took.
